payment equilibrium." Our econometric analysis of linked employer-employee data for Russia supports the model's contention …

der Boden- und Kapitalanteile, zum Abstimmungsmodus, zur Höhe der Schulden, zu den Kosten der Sozialleistungen und der … in effizientere Betriebe möglich ist. Die durchschnittliche Kostenrentabilität der Großbetriebe, die in Russland zum … be feasible in order to raise the profitability level. The average cost efficiency of large-scale farms as used in Russia …

Most US credit card holders revolve high-interest debt, often combined with substantial (i) asset accumulation by …

The recent financial crises pointed out the central role of public and private debt in modern economies. However, even … if debt is a recurring topic in discussions about the current economic situation, economic modelling does not take into … account debt as one of the crucial determinants of economic dynamics. Our contribution, in this paper, is to investigate the …

The recent financial crises pointed out the central role of public and private debt in modern economies. However, even … if debt is a recurring topic in discussions about the current economic situation, economic modeling does not take into … account debt as one of the crucial determinants of economic dynamics. The authors' contribution, in this paper, is to …

Money, which provides liquidity, is distinct from debt. The introduction of a bank that issues money in exchange for … debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can …

question through an examination of the widespread practice of wage arrears, the late and non-payment of wages, in Russia during … under difficult economic conditions. We develop an alternative theory that explains wage arrears through their acceptance as …

complementarity in the practice. The model is estimated on panel data for workers and firms in Russia, facilitating identification …