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The Truly General Theory of Employment: How Keynes Could Have Succeeded
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2014
There is not much use to attack standard economics because deep in his heart the representative economist long knows that he is tied to a degenerating research program. The problem is, rather, that it seems to be exceedingly difficult to build up a convincing alternative. Keynes, for one, tried...
Persistent link: https://www.econbiz.de/10011259647
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The economic impacts of air transport liberalization
Grancay, Martin - Volkswirtschaftliche Fakultät, … - 2009
liberalization multiplier, market saturation and the degree of liberalization of other sectors. Airlines profit from increased …
Persistent link: https://www.econbiz.de/10005078688
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Econometric Models of Relationship among Money, Output and Prices
Das, Rituparna - Volkswirtschaftliche Fakultät, … - 2010
This paper discusses the econometric models and tools like Granger causality and VAR discussed in ascertaining the relationship between money, output and prices. It found that Jha et al (2002) and Ahmed (2003) employed a VAR model accompanied by ECM and Johansen-Juselius procedure; others like...
Persistent link: https://www.econbiz.de/10008595617
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Determination of Money Supply in India: The Great Debate
Das, Rituparna - Volkswirtschaftliche Fakultät, … - 2010
believed in the money multiplier theory, the other group of RBI economists, who were not accepting this theory; the debate gave … structural approach and money multiplier approach; the former focused on individual items in the balance sheet of the … stock and reserve money; the money multiplier approach emerged strongly as a critic to the balance sheet approach; between …
Persistent link: https://www.econbiz.de/10008595621
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Multiplier product matrix analysis for interregional input-output systems: an application to the Brazilian economy
Guilhoto, Joaquim José Martins; Sonis, Michael; … - Volkswirtschaftliche Fakultät, … - 1999
multiplier product matrix (Sonis et al., 1997) and Sonis and Hewings (1999), the hierarchical decomposition proposed exploits the … insights offered by the fields of influence theory and provides a way of interpreting Miyazawa’s left and right multipliers in …
Persistent link: https://www.econbiz.de/10011109015
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SAM Multiplier and its Application to Total Poverty Gap
durongkaveroj, wannaphong - Volkswirtschaftliche Fakultät, … - 2014
The purpose of this study was to present an application of SAM multiplier to Total Poverty Gap using simulation and …
Persistent link: https://www.econbiz.de/10011110776
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Keynes’s employment function and the gratuitous Phillips curve disaster
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012
Keynes had a lot of plausible things to say about unemployment and its causes. His ‘mercurial mind’, though, relied on intuition which means that he could not prove his diverse opinions convincingly. This explains why Keynes’s ideas immediately invited bastardizations. One of them, the...
Persistent link: https://www.econbiz.de/10011257999
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Entreprises behavior in cooperative and punishment‘s repeated negotiations
Roman, Mihai Daniel - Volkswirtschaftliche Fakultät, … - 2008
Our paper considers a “negotiation game” between two players which combines the features of two-players alternating offers bargaining and repeated games. Generally, the negotiation game in general admits a large number of equilibriums but some of which involve delay and inefficiency. Thus,...
Persistent link: https://www.econbiz.de/10011258583
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Rule Rationality
Heller, Yuval; Winter, Eyal - Volkswirtschaftliche Fakultät, … - 2013
We study the strategic advantages of following rules of thumb that bundle different games together (called rule rationality) when this may be observed by one's opponent. We present a model in which the strategic environment determines which kind of rule rationality is adopted by the players. We...
Persistent link: https://www.econbiz.de/10011259059
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Endowment as a blessing
Frenkel, Sivan; Heller, Yuval; Teper, Roee - Volkswirtschaftliche Fakultät, … - 2012
Experimental evidence and field data suggest that agents hold two seemingly unrelated biases: failure to account for the fact that the behavior of others reflects their private information (“winner's curse”), and a tendency to value a good more once it is owned (“endowment effect”). In...
Persistent link: https://www.econbiz.de/10011259069