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Essays on macroeconomic theory as a guide to economic policy
Ried, Stefan - 2009
Die vorliegende Dissertation zu makroökonomischen Themen beinhaltet einen einleitenden Literaturüberblick, drei eigenständige und voneinander unabhängige Kapitel sowie einen technischen Anhang. In Kapitel zwei wird ein Zwei-Länder Modell einer Währungsunion betrachtet, in dem die...
Persistent link: https://www.econbiz.de/10009467184
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Neoklassische Wachstumstheorie : Darstellung, Kritik und Erweiterung
Christiaans, Thomas - 2004
sich auf den Ansatz der dynamischen Optimierung in Erklärungsmodellen einerseits und auf die Skaleneffekte in der Theorie … Ausrichtung auf die Theorie des semi-endogenen Wachstums und der ausführlichen Erörterung der erforderlichen mathematischen …
Persistent link: https://www.econbiz.de/10009459138
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The New Economy and the Dollar Puzzle: the Case of Australia
Karunaratne, Neil Dias - 2002
The revolutionary changes in information technology (IT), globalisation and financial innovation have overturned the Solow productivity paradox and spawned a New Economy (NE) in Australia in the late 1990s. Both growth accounting estimates and the use of the information superhighway ranks...
Persistent link: https://www.econbiz.de/10009447976
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Aggregate Information and the Role of Monetary Policy in an Open Economy
Kimbrough, K. P. - 1984
A model of a small open economy in which agents trade in local goods markets and an economy-wide asset market is developed. Purchasing-power parity is assumed to hold at the aggregate level. However, because of local deviations from purchasing-power parity, agents possess differential...
Persistent link: https://www.econbiz.de/10009475597
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Dynamic multivariate analysis of a small open economy: The case of Hawai'i
Zhou, Ting - 2003
-tourism. Recent research in the literature on identified cointegrating VARs emphasizes the need to rely on economic theory to impose … tourism model is developed, exploiting Hall, Henry, and Greenslade's (2002) theory-directed sequential reduction methodology … highly restricted VAR, or BVAR, or a model of pseudo theory driven equations. In contrast, my third essay makes use of BVAR …
Persistent link: https://www.econbiz.de/10009451227
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Is the Genuine Progress Indicator really genuine? Considering well-being impacts of exports and imports
Clarke, Matthew - 2007
The Genuine Progress Indicator (GPI) is estimated as if nations operate within a closed economy. Therefore, in terms of coverage, the GPI is most analogous to Gross Domestic Product (GDP). Indeed, within the relevant literature, these two indicators are most often contrasted. However,...
Persistent link: https://www.econbiz.de/10009483739
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BEMOD : a DSGE model for the Spanish economy and the rest of the euro area
Andrés Domingo, Javier Angel; Burriel Llombart, Pablo; … - 2006
Incluye bibliografía ; In this paper we present the theoretical foundations and the simulation results obtained with a new dynamic general equilibrium model developed at the Banco de España for the Spanish economy and the rest of Euro area. The model is designed to help in simulating the...
Persistent link: https://www.econbiz.de/10012530143
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Bifurcation Analysis of Open Economy New Keynesian Models
Eryilmaz, Unal - 2011
In this study, we first review the bifurcation phenomena in dynamic economic systems and point out the importance of bifurcations together with a summary of the common types of bifurcations which have been encountered in economic research. Although bifurcation analysis is a relatively new...
Persistent link: https://www.econbiz.de/10009430886
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14.452 Economic Growth, Fall 2008
Acemoglu, Daron - 2008
Description This half semester class presents an introduction to macroeconomic modeling, focusing on the theory of economic growth …
Persistent link: https://www.econbiz.de/10009432111
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Can the Policy Trilemma Be Exposited in the Mundell-Fleming Framework?
Boyer, Russell S. - 2006
There is a general recognition that there are deficiencies in the Mundell-Fleming model. Nonetheless, Rose [2000] has stated that Mundell was the first to exposit the Policy Trilemma, which identifies an intrinsic incompatibility among: high capital mobility, fixed exchange rates, and monetary...
Persistent link: https://www.econbiz.de/10009440668