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contingent on the new atmosphere of “scarcity” and oil crisis, which was in turn dependent on the progressive militarization of …
Persistent link: https://www.econbiz.de/10011644564
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10011644566
game, where firms lobby for regulation before they compete in the product market, we derive a testable measure of lobbying …
Persistent link: https://www.econbiz.de/10010278063
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
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization … economic crises during the 1990s. We find that the severity of crisis has had a positive impact on the subsequent pace of … economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …
Persistent link: https://www.econbiz.de/10010280828
As the world has witnessed the worst financial crisis and climate crisis of our age, during the period of 2007 …
Persistent link: https://www.econbiz.de/10011902004
' volatility, through spillover effects, into economic and financial crisis and social anomy. What fuels the wildfire does not … policy makers. The current financial system is discredited. It is necessary to reform the financial institutions and …
Persistent link: https://www.econbiz.de/10012232370
markets during crisis (limiting contagion on cleared instruments). The post-crisis reforms favored CCPs as risk minimizers …
Persistent link: https://www.econbiz.de/10012427261
The COVID-19 pandemic has taught us to live in social isolation and has brought an important element of social life, the events industry, to a complete standstill. In resurrecting the events industry, the most urgent focus is on managing the risk of any crowd-control measures with a view to...
Persistent link: https://www.econbiz.de/10013200980
implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …
Persistent link: https://www.econbiz.de/10010270643