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Demand, distribution, productivity, structural change, and (secular?) stagnation
Nikiforos, Michalis - 2020
The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other …
Persistent link: https://www.econbiz.de/10012610173
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Notes on the accumulation and utilization of capital: Some theoretical issues
Nikiforos, Michalis - 2020
This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity … utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution … determined distribution (along classical lines). Second, it responds to some recent criticism by Girardi and Pariboni (2019). I …
Persistent link: https://www.econbiz.de/10012610180
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Notes on the accumulation and utilization of capital: Some empirical issues
Nikiforos, Michalis - 2020
The paper makes three contributions. First, following up on Nikiforos (2016), it provides an in-depth examination of the Federal Reserve measure of capacity utilization and shows that it is closer to a cyclical indicator than a measure of long run variations of normal utilization. Other...
Persistent link: https://www.econbiz.de/10012610181
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The endogeneity-to-demand of the national emergency utilization rate
Nikiforos, Michalis - 2021
The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...
Persistent link: https://www.econbiz.de/10012610217
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Estimating a time-varying distribution-led regime
Carrillo-Maldonado, Paul; Nikiforos, Michalis - 2022
This paper estimates the distribution-led regime of the US economy for the period 1947-2019. We use a time varying …
Persistent link: https://www.econbiz.de/10014322565
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Markups, profit shares, and cost-push-profit-led inflation
Nikiforos, Michalis; Grothe, Simon; Weber, Jan - 2024
we know about the price-setting behavior of firms, income distribution, and inflation. We do that in juxtaposition to two … heterogeneity across sectors or the position of the firms in the distribution of markups. …
Persistent link: https://www.econbiz.de/10014474483
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Contractionary effects of foreign price shocks (and potentially expansionary effects of inflation)
Nikiforos, Michalis; Grothe, Simon - 2023
Using the model proposed in Krugman and Taylor's "Contractionary effects of devaluation" (1978), we examine what macroeconomic effects of shocks to foreign prices. We show that these shocks can be contractionary for two reasons: (i) because they imply a loss of income if an economy has a trade...
Persistent link: https://www.econbiz.de/10014474508
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Uncertainty and contradiction: An essay on the business cycle
Nikiforos, Michalis - 2013
This paper presents a discussion of the forces at play behind the economic fluctuations in the medium run and their relation with the short-run macroeconomic equilibrium. The business cycle is the result of two separate phenomena. On the one hand, there is the instability caused by the...
Persistent link: https://www.econbiz.de/10010318639
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Uncertainty and contradiction : an essay on the business cycle
Nikiforos, Michalis - 2013
This paper presents a discussion of the forces at play behind the economic fluctuations in the medium run and their relation with the short-run macroeconomic equilibrium. The business cycle is the result of two separate phenomena. On the one hand, there is the instability caused by the...
Persistent link: https://www.econbiz.de/10009773474
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The endogeneity-to-demand of the national emergency utilization rate
Nikiforos, Michalis - 2021
The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...
Persistent link: https://www.econbiz.de/10012548209