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Measuring Macroeconomic Uncertainty in Zimbabwe

Bonga, Wellington Garikai - 2019

What matters to economic decision-making is whether the economy has become more or less predictable. People and businesses use information around them to form judgements about what might happen in the future. The rise in uncertainty might be associated with increased concern about extreme...

Persistent link: https://www.econbiz.de/10012866688

Theory and empirics of an affine term structure model applied to European data

Jakas, Vicente - Volkswirtschaftliche Fakultät, … - 2011

The basic asset pricing equation is adapted to include the effects of unemployment, consumers’ expectations, the price level and money supply on money market rates and government bond yields. Expected consumption growth is modelled using European unemployment figures and Eurostat Consumer...

Persistent link: https://www.econbiz.de/10009418500

Akciové trhy zemí eurozóny s nejvyšším veřejným zadlužením

Kulhanek, Lumir - Volkswirtschaftliche Fakultät, … - 2013

In this paper, first, we will take notice of the development of the stock markets in six euro area countries with highest public debt: Greece, Italy, Portugal, Ireland, Belgium, and Spain. Subsequently, a comparison of returns and volatility will be made with the development of selected...

Persistent link: https://www.econbiz.de/10011071619

Verteilungskampf und geldpolitische Sanktion

Pusch, Toralf - Volkswirtschaftliche Fakultät, … - 2007

Zur makroökonomischen Interaktion von Zentralbank und Gewerkschaften hat es in den letzten Jahren vermehrt spieltheoretische Beiträge gegeben. Der Vorzug der spieltheoretischen Methode ist, dass sie den Blick auf die Handlungslogiken der makroökonomischen Akteure erweitert. Zielkonflikte...

Persistent link: https://www.econbiz.de/10008556299

Central Banks, Trade Unions and Reputation – Is there Room for an Expansionist Manoeuvre in the European Union?

Pusch, Toralf; Heise, Arne - Volkswirtschaftliche Fakultät, … - 2008

risk associated with employment expansion (if trade unions cooperate the risk pays off). Moreover, results change …

Persistent link: https://www.econbiz.de/10008476368

The empirical relevance of Goodwin’s business cycle model for the US economy

Tarassow, Artur - Volkswirtschaftliche Fakultät, … - 2010

The paper attempts to verify Richard Goodwin's (1967) endogenous business cycle theory which states that the driving … forces behind fluctuations are class struggles between capitalists and workers about income distribution. Based on a Marxian … market and find that income distribution is driven by labor market dynamics. …

Persistent link: https://www.econbiz.de/10008577638

Macro-determinants of UK regional unemployment and the role of employment flexibility

Monastiriotis, Vassilis - Volkswirtschaftliche Fakultät, … - 2006

This paper explores the macroeconomic determinants of UK regional unemployment and their relation to the influences on unemployment exerted by the levels and types of employment flexibility in the country. Theoretically the paper draws on Keynesian and monetarist explanations of unemployment and...

Persistent link: https://www.econbiz.de/10005623452

Keynes’s employment function and the gratuitous Phillips curve disaster

Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012

Keynes had a lot of plausible things to say about unemployment and its causes. His ‘mercurial mind’, though, relied on intuition which means that he could not prove his diverse opinions convincingly. This explains why Keynes’s ideas immediately invited bastardizations. One of them, the...

Persistent link: https://www.econbiz.de/10011257999

The Savings Glut and the Economic Crisis

bao, haisong - Volkswirtschaftliche Fakultät, … - 2013

Based on the savings glut argument, proposed a new point of view that unlike the neoclassical and Keynesian, and on … the economic disconnection between theory and reality is rooted in not distinguish the difference between real investment … demand and monetary investment demand. There is the savings glut, from the real economy,this is the main cause for the …

Persistent link: https://www.econbiz.de/10011258162

The Truly General Theory of Employment: How Keynes Could Have Succeeded

Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2014

There is not much use to attack standard economics because deep in his heart the representative economist long knows that he is tied to a degenerating research program. The problem is, rather, that it seems to be exceedingly difficult to build up a convincing alternative. Keynes, for one, tried...

Persistent link: https://www.econbiz.de/10011259647