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Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case
Manuel, Eduardo - Volkswirtschaftliche Fakultät, … - 2006
be verified always that exist equal evolution of their variables or for others words, always that inflation and … form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run). …
Persistent link: https://www.econbiz.de/10005837539
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Derivation and Estimation of a Phillips Curve with Sticky Prices and Sticky Information
Arslan, Mesut Murat - Volkswirtschaftliche Fakultät, … - 2005
I develop a structural model of inflation by combining two different models of price setting behavior: the sticky price … resultant SP/SI Phillips curve models inflation better than either the sticky price or sticky information models. The results …
Persistent link: https://www.econbiz.de/10005789618
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Shifting to a Green Economy: Lock-in, Path Dependence, and Policy Options
Kemp-Benedict, Eric - Volkswirtschaftliche Fakultät, … - 2014
In the face of increasingly likely dangerous climate change, many developing countries are designing green economy or low-emissions development strategies, but are simultaneously on a course of investment locking them into high-emission infrastructure. Meanwhile, many high-income countries are...
Persistent link: https://www.econbiz.de/10011107311
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Price Rigidity and Flexibility: New Empirical Evidence
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...
Persistent link: https://www.econbiz.de/10005835391
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Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Dhyne, et al. (2007)
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Emmanuel Dhyne, Catherine Fuss, Hashem Pesaran, and Patrick Sevestre (2007); Presented at the Spring 2007 Conference of the Deutsche Bundesbank and the Banque De France on "Micro-Data and Macroeconomic Implications," April...
Persistent link: https://www.econbiz.de/10005836083
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Price Rigidity and Flexibility: Recent Theoretical Developments
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...
Persistent link: https://www.econbiz.de/10005836108
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How to end to the debt crisis in one month
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2011
The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as scarce resource theory (SRT) in operating level...
Persistent link: https://www.econbiz.de/10009203644
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Explicit Evidence of an Implicit Contract
Young, Andrew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2013
We offer the first direct evidence of an implicit contract in a goods market. The evidence comes from the market for Coca-Cola. We demonstrate that the Coca-Cola Company left a written evidence of its implicit contract with its consumers—a very explicit form of an implicit contract. The...
Persistent link: https://www.econbiz.de/10011257711
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General formal foundations of the virtuous deficit–profit symmetry and the vicious debt deflation
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012
A comprehensive dynamic model of the monetary economy that produces the key characteristics of a debt deflation has been presented recently by Steve Keen as an alternative to conventional approaches. His model is based on a double-entry bookkeeping methodology but lacks an acceptable profit...
Persistent link: https://www.econbiz.de/10011257980
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Autonomous Wage Inflation
Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, …
that wage inflation emerges after a while at all employment levels. This paper concludes by discussing some of the …
Persistent link: https://www.econbiz.de/10008620612