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The American Institute of Contemporary German Studies (AICGS) assembled a group of researchers and policy makers in Germany and the United States to identify research and policy issues posed by the transformation we have come to call the new economy. This paper, which is the product of their...
Persistent link: https://www.econbiz.de/10010899401
A la question de savoir ce qu'est la New economy, nous répondons en proposant une double distinction : (i) la distinction des discours tenus sur l'économie U.S. des années quatre-vingt dix et des caractéristiques “réelles” de cette économie, et (ii) la distinction de trois acceptions...
Persistent link: https://www.econbiz.de/10009418570
In section 1 of this contribution, we will recall the usual arguments which are put forward to analyze the New Economy (NE) as the empirical realization of the Competitive Economic Equilibrium (CEE) model. After having stressed the limits of these arguments, we will try to show that some...
Persistent link: https://www.econbiz.de/10008790659
The present paper examines the meaning and usefulness of the concept of a New Economy. This construct, which first began to appear in the media in the mid-1990s, is utilised today with a variety of definitions and intentions. Having identified three possible denotations or orientations relating...
Persistent link: https://www.econbiz.de/10008793473
Le problème de la coordination décentralisée des comportements individuels et de l'ajustement de l'économie vers un … présent article étudie les capacités de coordination d'une économie stylisée au travers d'une dynamique évolutionnaire d …
Persistent link: https://www.econbiz.de/10010821257
close to a state of nature, with the ideal proximity to the state varying across agents. Before this coordination game is …
Persistent link: https://www.econbiz.de/10010738542
We re-examine issues of coordination in the standard RBC model. Can the unique rational expectations equilibrium be … coordination along this line cannot be expected. Rational agents anticipating small but possibly persistent deviations have to face …
Persistent link: https://www.econbiz.de/10010738777
-oct 2002. The text reviews recent work on expectational coordination in general equilibrium models of the Walrasian tradition … "eductive learning". It examines in a more systematic way the coordination difficulties that would arise in finite horizon … models with spot multiplicity and discusses the relationship between coordination and incompleteness. …
Persistent link: https://www.econbiz.de/10010738822
that an increase in ambiguity reduces the perceived coordination of players in rolling over their loans. This contibutes to …
Persistent link: https://www.econbiz.de/10010739015
stabilization) - is traded-off against coordination upon the welfare enhancing free-trade equilibrium (stabilizing price … expectations). Therefore, we identify a new rationale for an exogenous price intervention in open economy targeting coordination …
Persistent link: https://www.econbiz.de/10010739089