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Diese Abhandlung hat die isolierende Betrachtungsweise (ceters-paribus-Analyse) und konzeptionellen Grundlagen der aggregierten Analyse zum Gegenstand. Die Überlegungen bauen auf den Schriften von Alfred Marshall (1842-1924) und John Maynard Keynes (1883-1946) auf.
Persistent link: https://www.econbiz.de/10005649755
Die Arbeit liefert zunächst eine Kritik der zentralen Argumente der modernen Makroökonomik. Hierbei werden insbesondere Aspekte der Aggregation bzw. Mikrofundierung, der Wohlfahrtsanalyse, der Rigorosität der Modellierung und der Lucas-Kritik aufgegriffen. Die vorgestellten Ergebnisse stellen...
Persistent link: https://www.econbiz.de/10008739741
This document presents a Macroeconomic Consistency Model for a dollarized economy such as Ecuador. Based on a simply accounting framework that combined the social accounting matrix with the flow of funds, we integrate the different sectors of the economics through a matrix of income,...
Persistent link: https://www.econbiz.de/10004976969
including exogenous shock (government subsidy), taxation, and money supply. …
Persistent link: https://www.econbiz.de/10011107363
The aim of this paper is to develop scenarios of the economic impacts of climate change in Brazil, articulating the projected impacts of climate change on agricultural and energy sectors to macroeconomic scenarios, these related to climate change scenarios developed by IPCC (A2 and B2).
Persistent link: https://www.econbiz.de/10011108238
We explore bifurcation phenomena in the open-economy New Keynesian model developed by Clarida, Gali and Gertler (2002). We find that the open economy framework can bring about more complex dynamics, along with a wider variety of qualitative behaviors and policy responses. Introducing parameters...
Persistent link: https://www.econbiz.de/10011109244
This paper investigates the relationship between current account and government budget balances. We tested the validity of the Twin Deficits Hypothesis (TDH)in Egypt, using annual time series data for the period (1990-2012). We rejected the TDH, as granger causality tests proved a reverse causal...
Persistent link: https://www.econbiz.de/10011110280
Business cycles are an essential part of macroeconomics. However, the study of macroeconomics often ignores the observed business cycles. During and after the global financial crisis, several economists have emphasized that macroeconomics courses will have to be changed. This paper presents a...
Persistent link: https://www.econbiz.de/10011110311
approval of the loan causes an apparent technology shock that temporarily increases economic growth. In this paper, the economy …
Persistent link: https://www.econbiz.de/10011110616
Kalecki’s theory of income determination, which is reconstructed in its analytical constituent parts, referring in detail to … linking the theory of distribution, on the one side, and the theory of income determination, on the other. Kalecki’s theory of … idea of building the theory of income determination in an imperfectly competitive framework, the implicit assumption of the …
Persistent link: https://www.econbiz.de/10011111115