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Britain, the United States, Germany, and France) and covers more than a century, starting in 1880. We explain that all these …
Persistent link: https://www.econbiz.de/10009151311
. On passe ainsi d'une aide au revenu garanti à une aide conditionnée au respect d'une obligation de travail. Si, en France … 1980 ont joué le rôle de période de transition aussi bien pour la France que pour les États-Unis : la décennie 80 a en …'emploi reposant sur la contrainte et la culpabilisation des allocataires – ce que l'on qualifie de workfare –, la France a fait le …
Persistent link: https://www.econbiz.de/10008791061
We present a model of a dynamic and complex economy in which the creation and the destruction of money result from interactions between multiple and heterogeneous agents. In the baseline scenario, we observe the stabilization of the income distribution between wages and profits. We then alter...
Persistent link: https://www.econbiz.de/10009422112
This paper aims to provide an alternative framework to previous studies of deflation in Japan. We focus on the real …
Persistent link: https://www.econbiz.de/10010750586
This paper considers a two-period monetary double auction with incomplete markets of securities and derivatives. Players may share heterogenous beliefs. Short positions in derivatives are constrained by collateral requirements. A central Bank stands ready to lend money or engage in...
Persistent link: https://www.econbiz.de/10010635211
, fueling a financial bubble whose bursting leads to debt-deflation in the next period with a non-zero probability. This dilemma … Fisher's debt deflation theory as being distinct from Keynes' liquidity trap. …
Persistent link: https://www.econbiz.de/10011025794
We analyze a new blue chips (large caps) stock index for France from 1854 to 1998. We detail its methodology and show …
Persistent link: https://www.econbiz.de/10010738877
We analyze a new blue chips (large caps) stock index for France from 1854 to 1998. We detail its methodology and show …
Persistent link: https://www.econbiz.de/10008792271
This paper explores the impact of Europe's existing institutional framework on the degree of macroeconomic disparity in the Eurozone. It draws son analysis of the costs of this framework as well as of the benefits of European economic and monetary unification. It also highlights how these costs...
Persistent link: https://www.econbiz.de/10010820641
The 2007 financial crises has brought to eminence and a long overdue recognition to the ideas of Hyman P. Minsky who is a post-Keynesian authority on monetary theory and financial institutions. He had extensively studied the economic fluctuations and recurring instability of the financial system...
Persistent link: https://www.econbiz.de/10010820974