The article discusses the incompatibility of promoting individual interests of capitalists and workers with the promotion of macroeconomic goals of society. The article implements the ``instrumental method'' developed by Adolph Lowe, and articulates the separation of microeconomic goals with...

In this article we examined and tested the effects of monetary policy driven by Central Bank of Chile over the Chilean stock market’s real returns for monthly data which spans between I.1996 and XII.2006. Based on a theoretical background, we analyzed the monetary policy from the monetarist...

Production and distribution needs a proper place in heterodox economics. It has recently been suggested that the construction of production models needs to be empirically grounded. Also it has been stated that empirically grounded production models must be circular production models. This...

The article discusses the incompatibility of promoting individual interests of capitalists and workers with the promotion of macroeconomic goals of society. The article implements the ``instrumental method'' developed by Adolph Lowe, and articulates the separation of microeconomic goals with...

In this paper we characterize the unemployment rate for the main cities of the Bío Bío Region using the state-space multivariate approach, in order to isolate and evaluate their tendency and seasonal components. We present theoretical expressions for each structural model for monthly...

The article discusses the incompatibility of promoting individual interests of capitalists and workers with the promotion of macroeconomic goals of society. The article implements the ``instrumental method'' developed by Adolph Lowe, and articulates the separation of microeconomic goals with...

This paper analyzes the cyclical behavior of production and unemployment at regional level, using Chilean quarterly data which spans between 1986:Q1 and 2005:Q4. Once the data set is characterized, it proceeds to modeling the cyclical performance of regional unemployment using auto regressive...