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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
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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
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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
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Keynes’s missing axioms
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2011
Between Keynes’s verbalized theory and its formal basis persists a lacuna. The conceptual groundwork is too small and … applied to a central part of the General Theory in order to achieve consistency and generality. …
Persistent link: https://www.econbiz.de/10009220654
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Technology, structural change and BOP constrained growth: A structuralist toolbox
Cimoli, Mario; Porcile, Gabriel - Volkswirtschaftliche Fakultät, … - 2011
The Latin American Structuralism (LAS) is a significant part of the heterodox tradition in the theory of long run …
Persistent link: https://www.econbiz.de/10009323923
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The Regional Benefits of the Employer of Last Resort Program
Murray, Michael; J, M - Volkswirtschaftliche Fakultät, … - 2012
The Employer of Last Resort (ELR) program is a New Deal type of program to provide a government position for anyone seeking work. Unlike private industries who compete over prices and wages, the ELR “industry” is not meant to compete with the private sector; rather it provides public...
Persistent link: https://www.econbiz.de/10009418493
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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
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How Bad is US Unemployment?
Freeman, Alan; Desai, Radhika - Volkswirtschaftliche Fakultät, … - 2009
This article assesses the significance of the January 2009 US unemployment figures. The steep fall of 4 million jobs is greater than any 12-month fall in history. Does this mean that 2007-2008 heralds the worst recession since 1929? This article assesses the empirical evidence of the US payroll...
Persistent link: https://www.econbiz.de/10005617073
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Variable labor effort, involuntary unemployment, and effective demand
Mason, Patrick L. - Volkswirtschaftliche Fakultät, … - 1993
The paper theoretically examines the relationship between variable labor effort (also labeled efficiency wages), effective demand, and involuntary unemployment.
Persistent link: https://www.econbiz.de/10005619911
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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