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Expectations, employment and prices: a suggested interpretation of the new 'farmerian' economics
Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2010
This paper aims at providing a critical assessment of the new ‘Farmerian’ economics, i.e. the recent Farmer’s attempt to provide a new micro-foundation of the General Theory grounded on modern search and business cycle theories. Specifically, I develop a theoretical model that summarizes...
Persistent link: https://www.econbiz.de/10009021709
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Increasing returns in matching and labour market dynamics: Comments on indeterminacy and search theory
Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2015
the social elasticity of the matching function with respect to unemployment. …
Persistent link: https://www.econbiz.de/10011157018
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A demand-driven search model with self-fulfilling expectations: The new `Farmerian' framework under scrutiny
Gelain, Paolo; Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we implement Bayesian econometric techniques to analyze a theoretical framework built along the lines of Farmer's micro-foundation of the General Theory. Specifically, we test the ability of a demand-driven search model with self-fulfilling expectations to match the behaviour of...
Persistent link: https://www.econbiz.de/10011109526
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On involuntary unemployment: notes on efficiency-wage competition
Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2012
This paper introduces a model of efficiency-wage competition along the lines put forward by Hahn (1987). Specifically, I analyse a two-firm economy in which employers screen their workforce by means of increasing wage offers competing one another for high-quality employees. The main results are...
Persistent link: https://www.econbiz.de/10011109551
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The Cyclical Volatility of Equilibrium Unemployment and Vacancies: Evidence from Italy
Cardullo, Gabriele; Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2013
In this paper, we explore the fluctuations of unemployment and vacancies in the Italian labour market over the last … line with previous findings on the unemployment volatility puzzle, we find that the labour market tightness indicator is …
Persistent link: https://www.econbiz.de/10011111175
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How Does Democracy fare with Economic Welfare for a Trading Nation?
Mamoon, Dawood - Volkswirtschaftliche Fakultät, … - 2008
The paper examines how political institutions in comparison to legal, social and economic institutions fare with …
Persistent link: https://www.econbiz.de/10005835603
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Beyond Institutionalism: There Lies a Good Set of Trade Policies
Mamoon, Dawood; Murshed, S. Mansoob - Volkswirtschaftliche Fakultät, … - 2011
The purpose of this paper is to empirically examine the contribution of trade liberalisation to differences in the level of prosperity across nations. We compare this with the relative contribution of institutional capacity to prosperity, as well as the role of human capital accumulation in that...
Persistent link: https://www.econbiz.de/10008876646
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Transitioning Democracies are a Risky Business in the South
Mamoon, Dawood - Volkswirtschaftliche Fakultät, … - 2010
The paper finds that trade is insignificant in explaining income inequality. The results also suggest institutions are … for some institutions like rule of law when the sample is restricted to developing countries. However, for other … institutions like democracy and autocracy, the author finds that former is positively related with inequality and later is …
Persistent link: https://www.econbiz.de/10008876873
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Good versus Bad Political Institutions and Economic Welfare
Mamoon, Dawood - Volkswirtschaftliche Fakultät, … - 2011
The paper finds that countries which practice democracy are less prone to unequal outcomes especially when it comes to wage inequality and income inequality whereas autocracy is associated with higher level of wage inequalities but its impact on income inequalities are insignificant. Though...
Persistent link: https://www.econbiz.de/10009004156
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Want Economic Growth with Good Quality Institutions? Spend on Education
Mamoon, Dawood; Murshed, Mansoob - Volkswirtschaftliche Fakultät, … - 2007
The purpose of this paper is to compare the role of human capital accumulation measured by number of years of schooling with the relative contribution of institutional capacity to prosperity. We employ several concepts of institutional quality prevalent in the literature. We discover that...
Persistent link: https://www.econbiz.de/10005789820