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rate and macro fundamentals naturally develop when structural parameters in the economy are unknown and change very slowly …
Persistent link: https://www.econbiz.de/10012463641
This paper surveys much of modern macroeconomics. The focus is on the core macroeconomic issue, of the reasons for macroeconomic fluctuations and sometimes persistent unemployment. To provide continuity and perspective on how promising research leads of the past turned out, the paper starts by...
Persistent link: https://www.econbiz.de/10012476594
to be the peak capitalist economy in the new information economy. This paper develops criterion for judging peak status … workers, continued full employment will greatly strengthen the case for the US as peak economy. But with anything less than … full employment the US economy will lose its luster. Even if this occurs, however, the US record in employing women and …
Persistent link: https://www.econbiz.de/10012470993
macro economy. Using a panel of 131 monthly macroeconomic time series for the sample 1964:1-2007:12, we estimate 8 static …
Persistent link: https://www.econbiz.de/10012463461
This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed …
Persistent link: https://www.econbiz.de/10012453067
more than longer time series or special `controlled experiments.' It suggests an historical definition of the economy … structure of the economy. This essay reviews American macroeconomic history to illustrate its potential uses and draw out …
Persistent link: https://www.econbiz.de/10012473969
This chapter develops a toolkit of neoclassical macroeconomic models, and applies these models to the U.S. economy from … of the relatively stable postwar U.S. economy, and also for the Great Depression and World War II. The models presented …
Persistent link: https://www.econbiz.de/10012456552
Persistent link: https://www.econbiz.de/10000852362
property rights were reallocated through land laws, and Mexico's economy became much more closely tied to the United States. In …
Persistent link: https://www.econbiz.de/10012464795
The current historical consensus on the economic causes of the inexorable Nazi electoral success between 1930 and 1933 suggests this was largely related to the Treaty of Versailles and the Great Depression (high unemployment and financial instability). However, these factors cannot fully account...
Persistent link: https://www.econbiz.de/10012453607