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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

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

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

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

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

Esclavagisme et colonisation : Quelles conséquences contemporaines en Afrique ? - Résumé critique des travaux de l'économiste Nathan Nunn

Kodila-Tedika, Oasis - Volkswirtschaftliche Fakultät, … - 2013

This article aims to highlight the first work of economist Nathan Nunn on slavery and colonization. Indeed, for the latter, these two historical facts, quantifiable consequences, have defined the path of economic development of African countries. Secondly, this paper discusses the findings of...

Persistent link: https://www.econbiz.de/10011260637

The Political Economy of Corruption and the Role of Financial Institutions

Boerner, Kira; Hainz, Christa - Volkswirtschaftliche Fakultät, … - 2006

political pressure to reduce corruption if financial institutions are missing. Our model is based on the fact that corrupt … the rents from corruption. In a probabilistic voting model, we show that a lack of financial institutions can lead to more …-functioning financial institutions, in turn, can increase the political support for anti-corruption measures. …

Persistent link: https://www.econbiz.de/10005785864

Creditor Passivity: The Effects of Bank Competition and Institutions on the Strategic Use of Bankruptcy Filings

Hainz, Christa - Volkswirtschaftliche Fakultät, … - 2007

intensifies. We find that the better the institutions and the more competitive the banking sector, the higher the bank’s incentive …

Persistent link: https://www.econbiz.de/10005187341

Business Groups in Emerging Markets - Financial Control and Sequential Investment

Hainz, Christa - Volkswirtschaftliche Fakultät, … - 2006

substitute some functions of missing institutions, for example, enforcing contracts. We investigate this by setting up a model …

Persistent link: https://www.econbiz.de/10005739699

Does Trust Matter For Entrepreuneurship : Evidence From A Cross-Section Of Countries

Kodila-Tedika, Oasis; Agbor Agbor, Julius - Volkswirtschaftliche Fakultät, … - 2012

To the extent that trust is necessary to conduct informal sector business activities, its absence could possibly constrain entrepreneurial spirit and overall economic growth. This paper tests the hypothesis that differences in trust levels between countries explain the observed differences in...

Persistent link: https://www.econbiz.de/10011109979