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Between the cup and the lip
Asensio, Angel - HAL - 2009
The paper states that, although Post Keynesian interest rules may be feasible and sustainable in favourable circumstances, there is a shared difficulty as for the setting of long-term interest rates in a context of strong uncertainty and shifting liquidity preference. According to Keynes theory...
Persistent link: https://www.econbiz.de/10008794750
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Saint-Simonism and Utilitarianism: the history of a paradox. Bentham's Defence of Usury under Saint-Amand Bazard's Interpretation
Bellet, Michel - HAL - 2011
This article reveals and studies the connections between Bentham's Defence of Usury (1787) and Saint-Amand Bazard (1791-1832), a founder of Saint-Simonianism. We first traces Bazard's exposure to Bentham through his unknown friendship with Bentham's publisher Etienne Dumont. After introducing in...
Persistent link: https://www.econbiz.de/10009401097
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"Time Preference and Investment Expenditure": Comment on Hülsmann
Méra, Xavier - HAL - 2011
Hülsmann (2008) argues that the neglect of time preference changes on the demand side of the time market renders Rothbard's (1993) analysis incomplete in that it unduly portrays a rise in the volume of investment as a necessary counterpart to a fall in the pure interest rate. Focusing on the...
Persistent link: https://www.econbiz.de/10010548613
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The international transmission of monetary shocks in a dollarized economy: The case of USA and Lebanon
Goux, Jean-François; Cordahi, Charbel - HAL - 2007
We show that an American monetary shock wields an influence, though limited, over the Lebanese output in accordance with the literature advances. However, as we are waiting for a stronger transmission of U.S. short-term rates to Lebanese short-term rates, we notice that this transmission is weak...
Persistent link: https://www.econbiz.de/10008790871
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The Fed and the ECB: Why such an apparent difference in reactivity?
Levieuge, Grégory; Penot, Alexis - HAL - 2008
Compared with the U.S., the amplitude of the European monetary policy rate cycle is strikingly narrow. Is it an evidence of a less reactive ECB? This observation can certainly reflect the preferences and then the strategy of the ECB. But its greater inertia must also be assessed in the light of...
Persistent link: https://www.econbiz.de/10008791853
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Which predictor is the best to predict inflation in Europe: the real money-gap or a nominal money based indicator?
Dufrénot, Gilles; Joyeux, Roseline; Peguin-Feissolle, Anne - HAL - 2008
central banks' monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks … set their monetary policy by using all the information relevant for inflation and output projections. In Europe, a … controversy has emerged about the role of monetary aggregates as useful indicators of future inflation and output. On one hand …
Persistent link: https://www.econbiz.de/10008793951
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Home Sweet Home? Macroeconomic Conditions in Home Countries and the Well-Being of Migrants
Akay, Alpaslan; Bargain, Olivier; Zimmermann, Klaus F. - HAL - 2014
-being responds negatively (positively) to an increase in the GDP (unemployment rate) of their home country. That is, we originally …
Persistent link: https://www.econbiz.de/10010933917
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A short note on the nowcasting and the forecasting of Euro-area GDP using non-parametric techniques
Guegan, Dominique; Rakotomarolahy, Patrick - HAL - 2010
Domestic Product (GDP) modelling in order to improve the forecasting accuracy. Our approach is based on multivariate k … compute the quarter GDP on the Euro-zone, comparing our approach, with GDP obtained when we estimate the monthly indicators …
Persistent link: https://www.econbiz.de/10010549081
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What drives Health Care Expenditure in France since 1950?
Barnay, Thomas; Damette, Olivier - HAL - 2012
Using the French annual database (1950-2009), we conducted a time-series analysis to explain the role of GDP per capita …-term economic relationship between HCE and GDP, controlling for price effect, population ageing, innovation proxy and medical … density. We show that the non-linearity of the long-run relationship between HCE and GDP comes from both the presence of a …
Persistent link: https://www.econbiz.de/10010899827
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A Short Note on the Nowcasting and the Forecasting of Euro-area GDP Using Non-Parametric Techniques
Guegan, Dominique; Rakotomarolahy, Patrick - HAL - 2010
Domestic Product (GDP) modelling in order to improve the forecasting accuracy. Our approach is based on multivariate k … compute the quarter GDP on the Euro-zone, comparing our approach, with GDP obtained when we estimate the monthly indicators …
Persistent link: https://www.econbiz.de/10010603648