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Financial returns to collecting rare political economy books

Ursprung, Heinrich W. - 2021

Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...

Persistent link: https://www.econbiz.de/10012437910

Have macroeconomic models lost their connection with economic reality?

Veen, Tom van - 2020

Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw … the development of macroeconomic theory over the past 40 years. The focus is on the main lines of thinking and the story … changes in macroeconomic theory and that the current debates after the GFC will be the start of a more plural approach to …

Persistent link: https://www.econbiz.de/10012211109

Standing on the shoulders of giants or science? : lessons from ordoliberalism

Feld, Lars P.; Köhler, Ekkehard A. - 2023

James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...

Persistent link: https://www.econbiz.de/10014251970

Sharing demographic risk : who is afraid of the baby bust?

Ludwig, Alexander (contributor); Reiter, Michael (contributor) - 2008

We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...

Persistent link: https://www.econbiz.de/10003771791