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The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This half semester class presents an...
Persistent link: https://www.econbiz.de/10009432111
oceanic trade. Moreover, Atlantic ports grew much faster than other West European cities, including Mediterranean ports …. Atlantic trade and colonialism affected Europe both directly, and indirectly by inducing institutional changes. In particular …, the growth of New World, African, and Asian trade after 1500 strengthened new segments of the commercial bourgeoisie, and …
Persistent link: https://www.econbiz.de/10005458472
oceanic trade. Moreover, Atlantic ports grew much faster than other West European cities, including Mediterranean ports …. Atlantic trade and colonialism affected Europe both directly and indirectly by inducing institutional changes. In particular …, the growth of New World, African and Asian trade after 1500 strengthened new segments of the commercial bourgeoisie and …
Persistent link: https://www.econbiz.de/10005067437
Persistent link: https://www.econbiz.de/10014442026
This paper provides evidence from the US and Denmark that managers with a business degree ("business managers") reduce their employees' wages. Within five years of the appointment of a business manager, wages decline by 6% and the labor share by 5 percentage points in the US, and by 3% and 3...
Persistent link: https://www.econbiz.de/10013172173
Persistent link: https://www.econbiz.de/10010496491
Persistent link: https://www.econbiz.de/10012200395
We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular, to more intensive use and development of robots. Using US data, we document that robots substitute for middle-aged workers (those between the ages of (36 and 55). We then show...
Persistent link: https://www.econbiz.de/10011820230
Persistent link: https://www.econbiz.de/10011959513
We document a change in the character and quality of Turkish economic growth with a turning point around 2007 and link this change to the reversal in the nature of economic institutions, which eat underwent a series of growth-enhancing reforms following Turkey's financial crisis in 2001, but...
Persistent link: https://www.econbiz.de/10011491841