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The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of money but it is the organising feature of modern...
Persistent link: https://www.econbiz.de/10009465939
This dissertation presents two essays on Markov-Switching dynamic stochastic general equilibrium models. The first essay is "Perturbation Methods for Markov-Switching Models," which is co-authored with Juan Rubio-Ramirez, Dan Waggoner, and Tao Zha. This essay develops an perturbation-based...
Persistent link: https://www.econbiz.de/10009475390
Diese Arbeit besteht aus vier Essays, die empirische und methodische Beiträge zu den Gebieten der Finanzmarktökonomik und der Makroökonomik liefern. Der erste Essay beschäftigt sich mit der Spezifikation der Investoren verfügbaren Informationsmenge in Tests bedingter Kapitalmarktmodelle. Im...
Persistent link: https://www.econbiz.de/10009467089
The present work is a chapter from my Ph.D thesis to be submitted in January 2006. Economists generate economic ideas, which are then spread to and impact on the very economic systems that they are ostensibly 'objectively' modelling. I term this dynamical relationship between economic theory and...
Persistent link: https://www.econbiz.de/10009447870
As a form of expert labour and organizational resource, knowledge workers are important in organizational life as producers and consumers of knowledge. The role of knowledge workers and the ways in which they transfer their knowledge become important as they possess the symbolic and analytic...
Persistent link: https://www.econbiz.de/10009465828
The dissertation tracks the media development and diversity policy positions of the SouthAfrican government with a particular focus on the establishment of the MediaDevelopment and Diversity Agency. It tracks the reasons for the reduction in theAgency’s funding and the curtailing of its...
Persistent link: https://www.econbiz.de/10009447851
It has been argued by some that the distinction between orthodox economics and heterodox economics does not fit the growing variety in economic theory, unified by a common methodological approach. On the other hand, it remains a central characteristic of heterodox economics that it does not...
Persistent link: https://www.econbiz.de/10009465887
konventionelle Sichtweisen über die Inflation zu modellieren. Ich verwende ein DSGE Modell mit klebriger Information und vergleiche … beide Modelle in meinem DSGE Rahmen gleich gut geeignet sind, die konventionellen Sichtweisen zu erklären. Der zweite … to model three conventional views about inflation. We use a fully-fledged DSGE model with sticky information and compare …
Persistent link: https://www.econbiz.de/10009466995
This dissertation computes the optimal monetary and fiscal policy for small open and emerging economies in an estimated medium-scale model. The model departs from the conventional approach as it encompasses all the major nominal and real rigidities normally found in the literature in a single...
Persistent link: https://www.econbiz.de/10009475440
analyzed within a dynamic general equilibrium framework (DSGE). After a short discussion of the effects of monetary …
Persistent link: https://www.econbiz.de/10009449073