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Structure versus Agency in the Great Deprivation of 21st Century
Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2009
Agency-based explanations of the great deprivation, contrasted with structure-based explanations, suffer not merely from the criticism of relying on irrational and irresponsible behavior of millions, including that of the most astute financial experts, but are also at a loss to explain why such...
Persistent link: https://www.econbiz.de/10005619598
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Credit Expansion, the Prisoner´s Dilemma, and Free Banking as Mechanism Design
van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2008
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10011267869
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Using sentiment surveys to predict GDP growth and stock returns
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647399
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Credit Expansion, the Prisoner´s Dilemma, and Free Banking as Mechanism Design
van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2008
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10005622098
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Economic Cycle Volatility in the World Economy and Prospects for Global Economic Equilibrium Recovery
Konchyn, Vadym - Volkswirtschaftliche Fakultät, … - 2011
The article examines the problems of cyclical economic development in the world economy. The trends in economic development and the degree of economic cycle volatility in the world during the 1970-2010 are analyzed. The phenomenon of the Great Moderation as a period of achieving the long-term...
Persistent link: https://www.econbiz.de/10009353833
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Has the Globalisation really generated more competition in OECD economies
Jambu, Marc-Antoine - Volkswirtschaftliche Fakultät, … - 2010
Globalisation have generated a more or less competetive market according to the kind of rms. The Great moderation has structural causes such as market power, which is possible to study through the reduced form of the NKPC obtained with the Calvo and Rotemberg price setting assumptions. The Calvo...
Persistent link: https://www.econbiz.de/10008596381
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Unbundling the Great European Recession (2009-2013): Unemployment, Consumption, Investment, Inflation and Current Account
Campiglio, Luigi Pierfranco - Volkswirtschaftliche Fakultät, … - 2014
between investment and unemployment, c) we show the revival of the Phillips curve, especially in Germany, d) we test for the … products, looking to the case of Italy, m) we analyze the trade relationship between Germany and China, arguing that since the … the Germany’s export led growth model is raised. …
Persistent link: https://www.econbiz.de/10011261122
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Time Varying Fiscal Multipliers in Germany
Berg, Tim Oliver - Volkswirtschaftliche Fakultät, … - 2014
This paper provides novel evidence on the time varying impact of government spending shocks on output in Germany over …
Persistent link: https://www.econbiz.de/10011109253
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An Analysis of Macroeconomic State and Prospects of Pakistan during Recent Global Financial Turmoil
Mahmood, Haroon; Rehman, Kashif-ur- - Volkswirtschaftliche Fakultät, … - 2013
The overall economic situation of the world is facing a threat with a deep and prolonged recession as the consequence of the squeeze in the fiscal system which was triggered by housing mortgage crisis in the United States. The importunate financial ramification of the worldwide macroeconomic...
Persistent link: https://www.econbiz.de/10011258593
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BRICs versus Other Emerging Economies: The Case of India
Koumparoulis, Dimitrios Nikolaou - Volkswirtschaftliche Fakultät, … - 2014
In late April 2013, Jim O’Neill retired as chairman of Goldman Sachs (GS). The 56-year-old British economist, among other accomplishments, left his mark on the still unfolding globalization story by coining the acronym BRIC, referring to the four rapidly developing nations—Brazil, Russia,...
Persistent link: https://www.econbiz.de/10011259594