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The financial crisis and the systemic failure of academic economics

Colander, David C.; Föllmer, Hans; Haas, Armin; … - 2009

The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to have significantly underestimated its dimensions once it started to unfold. In our view, this lack of understanding is due to a misallocation of research efforts in...

Persistent link: https://www.econbiz.de/10003811854

Climate policy as expectation management?

Narita, Daiju - 2011

reduction can become expectation-driven rather than uniquely determined by the level of carbon price. Using a simple model, the … overemphasis on finding the “right” carbon price in policy making and the role of climate policy as expectation management …

Persistent link: https://www.econbiz.de/10008841736

Climate policy as expectation management?

Narita, Daiju - 2010

price in policy making and the role of climate policy as expectation management. -- Climate policy ; technology choice …

Persistent link: https://www.econbiz.de/10003965424

On determinacy and learnability in a New Keynesian model with unemployment

Tesfaselassie, Mewael F.; Schaling, Eric - 2009

We analyze determinacy and stability under learning (E-stability) of rational expectations equilibria in the Blanchard and Galí (2006, 2008) New-Keynesian model of inflation and unemployment, where labor market frictions due to costs of hiring workers play an important role. We derive results...

Persistent link: https://www.econbiz.de/10003827166

Identity-driven cooperation versus competition

Snower, Dennis J.; Bosworth, Steven - 2015

This paper seeks to extend the domain of identity economics by exploring motivational foundations of in-group cooperation and out-group competition. On this basis, we explore the reflexive interaction between individual economic decisions and social identities in response to technological change...

Persistent link: https://www.econbiz.de/10011414252

Cooperation, motivation and social balance

Bosworth, Steven; Singer, Tania; Snower, Dennis J. - 2016

This paper examines the reflexive interplay between individual decisions and social forces to analyze the evolution of cooperation in the presence of "multi-directedness", whereby people's preferences depend on their psychological motives. People have access to multiple, discrete motives....

Persistent link: https://www.econbiz.de/10011414267

Individual expectations and aggregate behavior in learning to forecast experiments

Hommes, Cars (contributor); Lux, Thomas (contributor) - 2008

all stylized facts observed in aggregate price fluctuations and individual forecasting behaviour in recent learning to …

Persistent link: https://www.econbiz.de/10003777257

Web use and offshoring

Hanley, Aoife; Ott, Ingrid - 2009

Formulating a model which summarises transportation costs, uncertainty and price, we describe how a switch to ICT …. -- Offshoring ; heterogeneous inputs ; uncertainty ; price ; transportation costs …

Persistent link: https://www.econbiz.de/10003864490

Sticky information vs. sticky prices : a horse race in a DSGE framework

Trabandt, Mathias (contributor) - 2007

How can we explain the observed behavior of aggregate inflation in response to e.g. monetary policy changes? Mankiw and Reis (2002) have proposed sticky information as an alternative to Calvo sticky prices in order to model the conventional view that i) inflation reacts with delay and gradually...

Persistent link: https://www.econbiz.de/10003486735

Price transmission in the pineapple market : what role for organic fruit?

Kleemann, Linda; Effenberger, Alexandra - 2010

this influences the price structure in these markets. Specifically, the paper attempts to single out the existence and … direction of causality between the conventional and organic pineapple price using the European pineapple market as an example …. We study spatial price transmission, i.e. the difference in prices between the markets for organic and conventional …

Persistent link: https://www.econbiz.de/10003971846