Showing 1 - 10 of 408
This study aims to introduce a new analytical macroeconomic framework, the expanded reproduction system, that combines the accumulated wisdom of several contemporary economic models while also compensating for their shortcomings. This new framework may be used to study macroeconomic phenomena...
Persistent link: https://www.econbiz.de/10011379776
Four talks on Keynes in relation to the Bloomsbury Group: I. Maynard Keynes of Bloomsbury (Craufurd Goodwin); II. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce Caldwell). The talks were delivered as part of roundtable...
Persistent link: https://www.econbiz.de/10011613791
This work nests the Agent-Based macroeconomic perspective into the earlier history of macroeconomics. We discuss how the discipline in the 70's took a perverse path relying on models grounded on fictitious rational representative agent in order to try to pathetically circumvent aggregation and...
Persistent link: https://www.econbiz.de/10012060654
Structural changes play an essential role in the economic development of a country. They represent the evolution of economic dynamics within the macroeconomy. As we know, the economic sectors of a country do not affect the whole economy equally and their level of output generates economic...
Persistent link: https://www.econbiz.de/10012939246
With our book Saving and Investment in the Twenty-First Century: The Great Divergence (published as open access), we present a comprehensive theoretical explanation as well as empirical evidence for the phenomenon of low interest rates observed in the OECD countries and China and make various...
Persistent link: https://www.econbiz.de/10014363427
location also benefit from a public good that enhances their productivity. The model predicts that in the competitive … positive effect of public goods in urban production. …
Persistent link: https://www.econbiz.de/10011400642
actions is perfect (perfect monitoring), noisy but public (public monitoring), and noisy and private (private monitoring). We … treatments. Specifically, we observe that the strategies are more complex under public and private monitoring than under perfect … forgiving than under public monitoring. …
Persistent link: https://www.econbiz.de/10011421467
We estimate the public-private sector pay gap for 27 European countries, using the 2008 EU SILC. The coefficients of … conditional (on personal and job characteristics) public sector controls give a first impression on wage differences, while … decomposition analyses show that the public-private pay gap is, generally, negatively related to income quantiles. …
Persistent link: https://www.econbiz.de/10010331976
This paper extends theory and experimentation in the context of two parties in a group who contribute to a public good … with a provision point. This study analyzes the voluntary contributions game in which a public good is provided if and only … examine their efficiency implications. In an experimental test of a public-goods problem with a threshold and rebate, the …
Persistent link: https://www.econbiz.de/10010334331
evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk … (psychological approach), which try to investigate how the public is influenced by certain variables in perceiving risk as … and communication: mostly about the factors, which influence the public perception of risk. On the basis of these factors …
Persistent link: https://www.econbiz.de/10011608544