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accelerator programs. Seed accelerators offer programs of three to six months to enhance the growth of early-stage start …-ups through various means of training and organizational development. In this paper, seed accelerator programs are analysed as … eight different ways in which physical co-presence is used during seed accelerator programs. Through these eight types of co …
Persistent link: https://www.econbiz.de/10012249877
determining the autonomous expenditure multiplier (AEM) values, considering the investment accelerator action. The scientific …
Persistent link: https://www.econbiz.de/10013199987
Towards the end of 2009, the world economy was recovering from its deepest recession since the end of World War II. Most countries around the world took resort to fiscal policy in order to foster this recovery. In this paper, we first discuss the pros and cons of discretionary fiscal policy from...
Persistent link: https://www.econbiz.de/10010277785
The conventional wisdom about Keynes's Principle of Effective Demand is that it states something about quantities. It is widely held that the Principle determines the levels of output and employment in a world not governed by Say's Law. This paper argues that the Principle of Effective Demand...
Persistent link: https://www.econbiz.de/10010285937
This paper explores different fiscal stimuli within a business cycle model with an endogenous number of firms. We demonstrate that a changing number of firms is a crucial dimension for evaluating fiscal policy since it accelerates the impacts of fiscal policy. In the presence of demand stimuli...
Persistent link: https://www.econbiz.de/10010300076
The Great Recession, and the fiscal response to it, has revived interest in the size of fiscal multipliers. Standard business cycle models have difficulties generating multipliers greater than one. And they also fail to produce any significant asymmetry in the size of the multipliers over the...
Persistent link: https://www.econbiz.de/10010316048
Persistent link: https://www.econbiz.de/10014581236
Robert Triffin became famous with his trenchant analyses of the vulnerabilities of the Bretton Woods system. These are still at the center of many discussions today. This paper argues that there is a remarkable continuity in Triffin's work. From his earliest writings, Triffin developed a vision...
Persistent link: https://www.econbiz.de/10011506760
Persistent link: https://www.econbiz.de/10010294099
This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model to study how the instability of the banking sector can amplify and propagate business cycles. The model builds on Bernanke, Gertler and Gilchrist (BGG) (1999), who consider credit demand friction due to agency cost, but it...
Persistent link: https://www.econbiz.de/10010299852