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Persistent link: https://www.econbiz.de/10009611551
) income distribution dynamics, intergenerational community formation and growth. In a world in which redistributive policies …, whether fiscal or educational, affect how the entire economy breaks up into different communities, we find multiple politico …-economic regimes that are supported by new international empirical evidence. In particular, we highlight a political economy decision …
Persistent link: https://www.econbiz.de/10009615432
shocks that appeared to have hit the U. S. economy during the 1930s. This echoes the view originally promoted by Temin (1976 … can generate a pattern of the model economy that is not unlike data. The model is able to account for the lion's share of …
Persistent link: https://www.econbiz.de/10009614288
theory. Our discussion tries to elaborate the specific institutional aspects of international bargaining with interacting …
Persistent link: https://www.econbiz.de/10009661013
Studying evolutionarily successful behavior we show in a general framework that when individuals maximizing payoff differentials invest resources in punishing others. Interestingly, these investments are increasing in individuals, own wealth and decreasing in the wealth of others.
Persistent link: https://www.econbiz.de/10009574881
We emphasize the importance of properly identifying the long-run relations underlying the monetary model of the exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows an interpretation of the various channels affecting the...
Persistent link: https://www.econbiz.de/10009574885
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Modern econometrics requires implementation of highly specialized software. In contrast to mathematical arguments used in implementing new econometric techniques the corresponding software algorithms require specific platforms. The specialization of hardware and software, in fact, seriously...
Persistent link: https://www.econbiz.de/10009578024
world income distribution dynamics. Formal statistical hypothesis tests allow us to discriminate between two competing … contributes to the polarization of the world income distribution. -- economic growth ; neoclassical convergence ; technological …
Persistent link: https://www.econbiz.de/10009583880