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A 2019 Social Accounting Matrix for Benin with detailed representation of agriculture and food processing sectors
Kinkpe, A. Thierry; Luckmann, Jonas; Grethe, Harald; … - 2022
This paper presents a detailed 2019 Social Accounting Matrix (SAM) for Benin as a basis for policy analysis with a focus on agriculture, food processing and energy generation from byproducts. It is based on official statistics collected from national and international institutions (national...
Persistent link: https://www.econbiz.de/10013185594
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ACE model of endogenous interactions
Vriend, Nicolaas J. - 2005
Various approaches used in Agent-based Computational Economics (ACE) to model endogenously determined interactions between agents are discussed. This concerns models in which agents not only (learn how to) play some (market or other) game, but also (learn to) decide with whom to do that (or not).
Persistent link: https://www.econbiz.de/10010284102
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Outside money: The advantages of owning the magic porridge pot
Wray, L. Randall - 2014
Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...
Persistent link: https://www.econbiz.de/10010513039
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From the state theory of money to modern money theory: An alternative to economic orthodoxy
Wray, L. Randall - 2014
(Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to …
Persistent link: https://www.econbiz.de/10010513085
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The epidemiology of macroeconomic expectations
Carroll, Christopher D. - 2001
Since the foundational work of Keynes (1936) macroeconomists have emphasized the importance of agents' expectations in … explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark …
Persistent link: https://www.econbiz.de/10010293481
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How to pay for the Green New Deal
Nersisyan, Yeva; Wray, Larry Randall - 2019
This paper follows the methodology developed by J. M. Keynes in his How to Pay for the War pamphlet to estimate the … voluntary saving. Following Keynes, we recommend deferred consumption as our first choice should inflation pressures arise. We …
Persistent link: https://www.econbiz.de/10012142978
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Henry Calvert Simons and the Quantity Theory of Money
Rockoff, Hugh - 2000
Henry Simons is one of the most puzzling figures in the history of economics. He made important contributions to public finance and was the founder of the Chicago tradition in monetary economics. Indeed, George Stigler dubbed him the 'Crown Prince' of Chicago economics. He was an advocate of the...
Persistent link: https://www.econbiz.de/10010334337
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Der spezifische Liberalismus von Hayek im Spektrum des Neoliberalismus
Quaas, Friedrun - 2019
Friedrich August von Hayek hat der Nachwelt ein breites theoretisches Werk hinterlassen. Ein durchgängiger Wesenszug darin ist sein spezifischer Liberalismus, der durch einen negativen Begriff von Freiheit bestimmt ist. Damit verbunden ist Hayeks ausgeprägter methodologischer Individualismus....
Persistent link: https://www.econbiz.de/10011985041
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"Disarticulation" as a constraint to "wage-led growth" in dual economies
Aboobaker, Adam - 2019
Much of the recent interest in the relationship between growth and distribution has focused on advanced economies and neglected issues of development and structural transformation. The purpose of this paper is to make a contribution to this gap by arguing that, even in the short-run, some of the...
Persistent link: https://www.econbiz.de/10012059919
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The continuing legacy of John Maynard Keynes
Wray, L. Randall - 2007
This working paper examines the legacy of Keynes's General Theory of Employment, Interest, and Money (1936) on the … occasion of the 70th anniversary of its publication and the 60th anniversary of Keynes's death. The paper incorporates some of … the latest research by prominent followers of Keynes, presented at the 9th International Post Keynesian Conference in …
Persistent link: https://www.econbiz.de/10010266511