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Macrodynamics of debt-financed investment-led growth with interest rate rules
Datta, Soumya - Volkswirtschaftliche Fakultät, … - 2014
This paper demonstrates the diverse dynamical possibilities arising out of a simple macroeconomic model of debt-financed investment-led growth in the presence of interest rate rules. We show possibilities of convergence to steady state, growth cycles around it as well as various complex...
Persistent link: https://www.econbiz.de/10011108256
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Convergence, cycles and complex dynamics of financing investment
Datta, Soumya - Volkswirtschaftliche Fakultät, … - 2013
This paper demonstrates the diverse dynamical possibilities of a simple macroeconomic model of debt-financed investment-led growth in the presence of interest rate rules. We show possibilities of convergence to steady state, growth cycles around it as well as various complex dynamics from codim...
Persistent link: https://www.econbiz.de/10011108609
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Nonlinear inflation expectations and endogenous fluctuations
Gomes, Orlando - Volkswirtschaftliche Fakultät, … - 2006
The standard new Keynesian monetary policy problem is, in its original presentation, a linear model. As a result, only three possibilities are admissible in terms of long term dynamics: the equilibrium may be a stable node, an unstable node or a saddle point. Fixed point stability (a stable...
Persistent link: https://www.econbiz.de/10005837344
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Monetary part of Abenomics: a simplified model
Krouglov, Alexei - Volkswirtschaftliche Fakultät, … - 2014
Presented is a simplified mathematical model that describes dynamics developing on financial market after the liquidity pumping. The model is used to examine theoretical and practical implications of the monetary component of Abenomics. Based on the theoretical considerations, proposed is a...
Persistent link: https://www.econbiz.de/10011260671
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Composition of public expenditure, effective demand, distribution and growth
Commendatore, Pasquale; Panico, Carlo; Pinto, Antonio - Volkswirtschaftliche Fakultät, … - 2007
function in the spirit of Kalecki’s (1937) investment theory and Kaldor’s (1940) trade cycle model. A plethora of results …
Persistent link: https://www.econbiz.de/10005836670
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2008 Economic crisis analysis
Golmohammadpoor Azar, Kamran; Mansori, Massoud - Volkswirtschaftliche Fakultät, … - 2011
Recent economic crisis started from the American Housing. In 2005, the price of housing started to grow and for gaining more profit, the banks inclined to housing and provided applicants with lots of facilities. With the burst of price bubbles, intense reduction of prices occurred in the housing...
Persistent link: https://www.econbiz.de/10009295281
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Impact of fiscal policy shocks on the Indian economy
Yadav, Swati; Upadhyaya, V; Sharma, Seema - Volkswirtschaftliche Fakultät, … - 2010
Impact of Fiscal Policy Shocks on the Indian Economy Swati Yadav , V.Upadhyay , Seema Sharma Abstract In this paper, we analyse the impact of fiscal shocks on the Indian economy using structural vector autoregression (SVAR) methodology. The study uses quarterly data for the period 1997Q1 to...
Persistent link: https://www.econbiz.de/10009325591
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Business cycle: From birth to the Austrian school theory
Vieru, Elena Bianca - Volkswirtschaftliche Fakultät, … - 2011
Approaching the theory of economic cycle is not an issue that comes in hand! We are permitted to make such a statement … based on the idea that explanations concerning the business cycle theory are strictly related to how each school of thought … various points of view. Throughout this paper we will make a brief doctrinaire promenade starting with the monetary theory …
Persistent link: https://www.econbiz.de/10009368464
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How much is enough?
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2009
This article assesses the extent and nature of the stimulus that will be required to end the economic crisis that opened in 2008. It compares the present economic situation to that which opened in 1929 and studies the relation between state spending, investment, and employment.
Persistent link: https://www.econbiz.de/10005836783
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Explaining persistent cycles in a short-run context: firms’ propensity to invest and omnipotent shareholders
Charles, Sébastien - Volkswirtschaftliche Fakultät, … - 2009
In this article, we develop a standard short-run Kaleckian macromodel. First, we study the stability of equilibrium and make some comparative static exercises. Then, we take into account different specifications for an endogenous propensity to invest and systematically analyze the short-run...
Persistent link: https://www.econbiz.de/10008541507