This paper develops a neo-Kaleckian endogenous growth model that incorporates aggregate supply - demand balance and balance between labor force and employment growth. The paper explicitly models income distribution which is a critical channel whereby unemployment affects investment and growth....

We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic optimization model that explains a shortage of aggregate demand and unemployment. We show that government purchases boost aggregate demand through a multiplier-like process but...

Über einen Punkt der wirtschaftspolitischen Debatte herrscht in Deutschland derzeit weitgehende Einigkeit: Für mehr Wachstum und einen nennenswerten Abbau der Arbeitslosigkeit bedarf es dringend einer nachhaltigen Zunahme der gesamtwirtschaftlichen Investitionen. Die Investitionstätigkeit...

This paper gives an empirical analysis of the impact of regional conditions on regional manufacturing employment growth. Based upon a firm-level panel of manufacturing establishments in Baden-Wuerttemberg, Germany, which can be aggregated to regional panel data for forty-four counties, both the...

Die Corona-Pandemie sowie die zu ihrer Eindämmung in vielen Staaten getroffenen Maßnahmen gehen mit einer massiven Beeinträchtigung der Wirtschaftsaktivität einher. In diesem Papier werden die verschiedenen volkswirtschaftlichen Einschränkungen diskutiert, denen Unternehmen, Arbeitnehmer...

The paper shows how a dynamic neoclassical AS-AD can be derived and used to describe business cycles and growth trends to undergraduates. Derived within the Ramsey-Cass-Koopmans (RCK) model, the AS-AD is the stationary equilibrium of the deterministic dynamic general equilibrium framework....

The paper considers growth and fluctuations in the Finnish economy in the post-war period starting from her long-run dual strategy vis-à-vis export markets in Western Europe and Russia. Finland has wanted to utilise the more rapid growth based on deeper integration in the former, but has...