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THE HUNGARIAN CRISIS: AN AUSTRIAN SCHOOL EXPLANATION

Toth, Andras - In: Annals of Faculty of Economics 1 (2013) 1, pp. 175-182

world economy and European economic area in the nineties. Currently, Hungary is suffering from a full-blown crisis 1996 … only way out of the crisis. The paper intends to portray, through the case of Hungary, how economy and politics is … tragedy of Hungary was that it went through a government inspired spending binge in the first half of the 2000s. The deficit …

Persistent link: https://www.econbiz.de/10010685533

Theoretische Grundlagen demokratischer Wirtschafts- und Gesellschaftspolitik : der Beitrag von John Maynard Keynes

Pies, Ingo - 2013

Dieser Beitrag gibt einen Überblick über den Lebenslauf von John Maynard Keynes und entwickelt darauf aufbauend folgende Thesen: (a) Keynes sah sich selbst nicht primär als Wissenschaftler, sondern als Publizist. (b) Seine "General Theory" lässt sich am besten verstehen, wenn man sie als...

Persistent link: https://www.econbiz.de/10011758149

Implications of the financial crisis to the relevance of Taylor rule Case study: European Union

HUIDUMAC-PETRESCU, Cătălin-Emilian; POPA, Alexandru … - In: Theoretical and Applied Economics XVIII(2014) (2014) 5(594), pp. 113-126

The recent global economic crisis has caused huge losses not only financial but also and more important losses related to the general confidence in the ability of the science of economics to contribute to the political decision making in a manner that will ensure an economic, social and...

Persistent link: https://www.econbiz.de/10011004996

Macroeconomics, Macrosectoral Policies, and Agriculture in Developing Countries

Diaz-Bonilla, Eugenio; Robinson, Sherman - In: Handbook of Agricultural Economics

This handbook devotes most of its chapters to reviewing sectoral policies related to agriculture. This chapter moves to a macroeconomic and macrosectoral view of the policy framework and its possible interaction with the agricultural sector. A previous handbook (Gordon Rausser and Bruce Gardner,...

Persistent link: https://www.econbiz.de/10009642964

The fundamental role of money and banking in macroeconomic analysis and policymaking

Rossi, Sergio - In: International Journal of Pluralism and Economics Education 3 (2012) 3, pp. 308-319

The crisis that burst in 2007 has revealed a number of conceptual and methodological flaws of neoclassical economic analysis, based on rational behaviour, representative agents, and microfounded macroeconomics, where money and banking are considered as pertaining to the microeconomics of goods...

Persistent link: https://www.econbiz.de/10010669848

Foreword: Implementing a new curriculum for economics education after the crisis: a call for action

Rossi, Sergio; Rochon, Louis-Philippe - In: International Journal of Pluralism and Economics Education 3 (2012) 3, pp. 225-239

The financial and economic crisis that has been devastating a number of countries in the world since its outbreak in 2007-2008 originates in the currently still dominant paradigm in both finance and economics. The contributions selected for this special issue explain collectively that the only...

Persistent link: https://www.econbiz.de/10010669869

ECONOMIC GROWTH AND REFORM: LESSONS FROM THE UNITED STATES AND JAPAN

Hubbard, R. Glenn - The European Institute of Japanese Studies, … - 2002

The Japanese economy has had four recessions since 1990. Also the U.S. economy has been in difficulties during more recent years but there are clear signs of an economic recovery. While Japan’s difficulties are not the mirror image of those in the United States, it is interesting to note that...

Persistent link: https://www.econbiz.de/10005644838

Animal spirits: Die verhaltensökonomischen Grundlagen der Keynesschen Theorie

Schettkat, Ronald - 2018

Keynes' General Theory (GT) ist in zweierlei Hinsicht umfassender als das (neo-) klassische Modell: (1) sie schließt das Vollbeschäftigungsgleichgewicht als Sonderfall ein und (2) sie basiert auf realistischem mikroökonomischem Verhalten, dessen sozial isolierter, den Eigennutz maximierender...

Persistent link: https://www.econbiz.de/10012140492

Wage flexibility or Wage Coordination? Economic Policy Implications of the Wage-Led Demand Regime in the Euro Area

Stockhammer, Englebert - 2008

Wage shares have fallen substantially in Europe since the early 1980s. To some extent this is due to a macroeconomic policy package that encourages wage flexibility and wage competition. A system of wage coordination in the Euro area would facility a return to a productivity-oriented wage policy...

Persistent link: https://www.econbiz.de/10009467898

Essays on Macroeconomics in Mixed Frequency Estimations

Kim, Tae Bong - 2011

This dissertation asks whether frequency misspecification of a New Keynesian model results in temporal aggregation bias of the Calvo parameter. First, when a New Keynesian model is estimated at a quarterly frequency while the true data generating process is the same but at a monthly...

Persistent link: https://www.econbiz.de/10009475386

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