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Structural Interdependence in Monetary Economics: Theoretical Assessment and Policy Implications

Cavalieri, Duccio - Volkswirtschaftliche Fakultät, … - 2015

This is a theoretical analysis of structural interdependence in monetary economics. Some recent attempts to integrate …

Persistent link: https://www.econbiz.de/10011185688

Graph representation of balance sheets: from exogenous to endogenous money

Pitrou, Cyril - Volkswirtschaftliche Fakultät, … - 2015

A graph representation of the financial relations in a given monetary structure is proposed. It is argued that the graph of debt-liability relations is naturally organized and simplified into a tree structure, around banks and a central bank. Indeed, this optimal graph allows to perform payments...

Persistent link: https://www.econbiz.de/10011262872

Salarios, demanda agregada y desempeño económico en Colombia: un debate no resuelto

Quintero, Loaiza; Leandro, Osmar; Ríos, Sierra; Milena, Ana - Volkswirtschaftliche Fakultät, … - 2010

According to neoclassical economic theory, there is a negative relationship between real wages, and the level of output and employment. Therefore, neoclassical theory tends to favor policy measures that seek to diminish real wages and deregulate the labor market, explaining that poor economic...

Persistent link: https://www.econbiz.de/10011259796

The New Value debate and the birth of a paradigm

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1997

Economics Society in Vancouver. It assesses the challenge presented by temporal analysis to both neoclassical orthodoxy and … economics and offers a rigorous foundation for political economy as a whole. It has met powerful resistance. The conclusion …

Persistent link: https://www.econbiz.de/10005621983

The limits of Ricardian value: law, contingency and motion in economics

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 1999

modern economics, which has focussed on equilibrium as the de facto defining principle from which value may be deduced. The …

Persistent link: https://www.econbiz.de/10005789658

Money, credit and the interest rate in Marx's economic. On the similarities of Marx's monetary analysis to Post-Keynesian economics

Hein, Eckhard - Volkswirtschaftliche Fakultät, … - 2004

between Marx’s economics and post-Keynesian approaches in the field of money, credit and the rate of interest. Starting from … Marx’s economics cannot only be seen as one of the sources of post-Keynesian economics because his theory of capitalist … reproduction has had a major impact on Kalecki’s theory of effective demand, but also because his monetary economics fit quite well …

Persistent link: https://www.econbiz.de/10008574607

Kaleckian vs. Marxian specifications of the investment function: Some empirical evidence for the US

Schoder, Christian - Volkswirtschaftliche Fakultät, … - 2011

Following Lavoie et al. (2004), this paper empirically assesses four investment functions closing the Kaleckian baseline model in the long-run: (a) the Naive-Kaleckian specification without any long-run adjustment; (b) the Intermediate-Kaleckian specification with an endogenous adjustment of the...

Persistent link: https://www.econbiz.de/10008871183

Die Aufgaben der Einkommenspolitik im Rahmen einer keynesianischen Beschäftigungspolitik: Eine Skizze

Hein, Eckhard - Volkswirtschaftliche Fakultät, … - 1996

Recent Post-Keynesian proposals for an economic policy to overcome stagnation and mass unemployment also stress the necessity of incomes policy without precisely specifying the role of such a policy. Starting from the theories of distribution by Kalecki and Kaldor this paper therefore tries to...

Persistent link: https://www.econbiz.de/10008587489

Macroeconomic Effects of a Low-Carbon Electricity Transition in Kenya and Ghana : An Exploratory Dynamic General Equilibrium Analysis

Willenbockel, Dirk - 2019

The present study applies purpose-built dynamic computable general equilibrium models for Ghana and Kenya with a disaggregated country-specific representation of the power sector to simulate the prospective medium-run growth and distributional implications associated with a shift towards a...

Persistent link: https://www.econbiz.de/10012894601

Equilibrium Models of Macroeconomic Science: What to Look For in (DSGE) Models?

Chatterjee, Sidharta - Volkswirtschaftliche Fakultät, … - 2014

Models in macroeconomic sciences are designed with the aim of understanding and then simulating the real world economic and monetary policy making. There has been a considerable debate over how to model the real world economic phenomena, and how correctly those models allow explanations of...

Persistent link: https://www.econbiz.de/10011113664