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Is the NAIRU More Useful in Forecasting Inflation than the Natural Rate of Unemployment?
Claar, Victor V - Volkswirtschaftliche Fakultät, … - 2002
Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a … natural rate of unemployment relative to the NAIRU. The natural rate of unemployment in the USA since the Second World War is …
Persistent link: https://www.econbiz.de/10005835658
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“No One Saw This Coming”: Understanding Financial Crisis Through Accounting Models
Bezemer, Dirk J - Volkswirtschaftliche Fakultät, … - 2009
This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not. This study identifies core differences, traces their intellectual pedigrees,...
Persistent link: https://www.econbiz.de/10011267876
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Information money fields of cyclic oscillations in nonlinear dynamic economic system
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2015
Article introduces the notion of information money fields of the cyclic oscillations of the economic variables in the nonlinear dynamic economic system for the first time, and presents an original research on the Ledenyov theory on the information money fields of the cyclic oscillations of the...
Persistent link: https://www.econbiz.de/10011251895
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Information money fields of cyclic oscillations in nonlinear dynamic economic system
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2015
Article introduces the notion of information money fields of the cyclic oscillations of the economic variables in the nonlinear dynamic economic system for the first time, and presents an original research on the Ledenyov theory on the information money fields of the cyclic oscillations of the...
Persistent link: https://www.econbiz.de/10011251900
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Financial crisis - US versus Asian. Factors and policy response F
Hassan, Gulam; Aslam, Mohamed - Volkswirtschaftliche Fakultät, … - 2012
The financial crisis which erupted in the United States of America in 2007 drove the real economic sector into a crisis that has diminshed the world’s economic growth thereafter. There is no single theory that can explain what has happened in the US. Eventhough there were a few financial...
Persistent link: https://www.econbiz.de/10011258969
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Uncertainty in creating macroeconomic policy: knowledge, skills and (un)predictability
Nenovski, Tome; Makrevska, Elena - Volkswirtschaftliche Fakultät, … - 2012
“If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.” (Keynes, 1931). Then macroeconomics would transform into a useful and routine type of engineering, which will prevent the emerging of recessions. However,...
Persistent link: https://www.econbiz.de/10011259036
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The macroeconomic impact of organized crime: a neo-Kaleckian perspective
Capuano, Carlo; Purificato, Francesco - Volkswirtschaftliche Fakultät, … - 2012
The paper analyzes how organized crime affects the economy through its impact on the effective demand, following the Neo-Kaleckian approach. From this perspective, the presence of organized crime, on the one hand, tends to reduce the effective demand draining resources through extortion,...
Persistent link: https://www.econbiz.de/10011259070
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Оценивание равновесного реального обменного курса российского рубля
Shumilov, Andrei; Sosunov, Kirill - Volkswirtschaftliche Fakultät, … - 2005
Following methodological approach proposed by Edwards, the paper estimates empirically Russia's equilibrium real exchange rate (ERER) for the period 1995–2003. ERER is defined as the relative price of non-tradables to tradables consistent with the simultaneous achievement of internal and...
Persistent link: https://www.econbiz.de/10011259205
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Macroeconomic aspects of the grey economy - the case of Macedonia
Nenovski, Tome - Volkswirtschaftliche Fakultät, … - 2012
Compared regionally, Republic of Macedonia has one of the highest levels of grey economy activity. According to some estimations, it accounts for about 40% of GDP. This high level of grey economy has a direct influence to the main economic indicators, categories and instruments for macroeconomic...
Persistent link: https://www.econbiz.de/10011259580
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Accounting and the Macroeconomy: The Case of Aggregate Price-Level Effects on Individual Stocks
Konchitchki, Yaniv - Volkswirtschaftliche Fakultät, … - 2013
This study sheds new light on the cross-sectional effects of inflation, which have substantial implications for stock valuation. I use financial statement analysis to examine systematic stock-valuation effects of aggregate price-level changes on individual companies, focusing on the implications...
Persistent link: https://www.econbiz.de/10011259622