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Can Capitalists Afford Recovery? Economic Policy When Capital is Power
Bichler, Shimshon; Nitzan, Jonathan - 2013
Economic, financial and social commentators from all directions and persuasion are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different question that...
Persistent link: https://www.econbiz.de/10011645084
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Can Capitalists Afford Recovery? Three Views on Economic Policy in Times of Crisis
Nitzan, Jonathan; Bichler, Shimshon - In: Review of Capital as Power 1 (2014) 1, pp. 110-155
Economic, financial and social commentators from all directions and of various persuasions are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different...
Persistent link: https://www.econbiz.de/10011646063
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Economic interests and the origins of electoral systems
Cusack, Thomas R.; Iversen, Torben; Soskice, David - 2007
Die gängige Begründung – basierend auf der bahnbrechenden Arbeit Rokkans – dafür, dass ein spezifisches Wahlsystem bevorzugt wird, ist, dass die Verhältniswahl („proportional respresentation“ oder „PR“) von einer zersplitterten Rechte eingeführt wurde, um ihre Klasseninteressen...
Persistent link: https://www.econbiz.de/10010307104
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An Artificial Stock Market: Asset Pricing and Endogenous Expectations using Neural Nets
Sommer, Joerg; Hanusch, Horst - 1998
In this paper the relatively new technique of neural nets is integrated in a traditional model of portfolio choice. On the basis of Arrow’s State Preference Model the investment decision depends on the expectation building process which consists of two components. The individual information...
Persistent link: https://www.econbiz.de/10010291745
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The Fisher Relation in the Great Depression and the Great Recession
Laidler, David - 2013
The Fisher relation played a very different role in debates surrounding the Great Depression and the more recent Great Recession. This paper explores some of these differences, and suggests an explanation for them derived from a sketch of the idea's evolution between the two events, thus...
Persistent link: https://www.econbiz.de/10010291897
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The role of expectations in sudden stops
Mertens, Karel - 2007
rationally adjust their beliefs about future productivity growth after the arrival of news. A downward revision of expectations …
Persistent link: https://www.econbiz.de/10010292050
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Comments on Piazzesi and Schneider's "Bond positions, expectations, and the yield curve"
Faust, Jon - 2008
This working paper comments on Monika Piazzesi and Martin Schneider's 'Bond Positions, Expectations, and the Yield …
Persistent link: https://www.econbiz.de/10010292346
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Bond positions, expectations, and the yield curve
Piazzesi, Monika; Schneider, Martin - 2008
This paper implements a structural model of the yield curve with data on nominal positions and survey forecasts. Bond prices are characterized in terms of investors' current portfolio holdings as well as their subjective beliefs about future bond payoffs. Risk premia measured by an...
Persistent link: https://www.econbiz.de/10010292351
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Deception through telling the truth?!: Experimental evidence from individuals and teams
Sutter, Matthias - 2007
Informational asymmetries abound in economic decision making and often provide an incentive for deception through telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling the truth should be classified as deception too if the...
Persistent link: https://www.econbiz.de/10010293415
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Macroeconomic expectations of households amd professional forecasters
Carroll, Christopher D. - 2002
Economists have long emphasized the importance of expectations in determining macroeconomic outcomes Yet there has been … almost no recent effort to model actual empirical expectations data; instead macroeconomists usually simply assume … expectations are rational This paper shows that while empirical household expectations are not rational in the usual sense …
Persistent link: https://www.econbiz.de/10010293441