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interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to … staggered wage contracts with time discounting), the price adjustments to each successive change in the money supply are never … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational …
Persistent link: https://www.econbiz.de/10008520206
Dieser Beitrag analysiert die Existenz und das Ausmaß nach unten starrer Nominallöhne, sowie deren realwirtschaftliche Implikationen für den deutschen Arbeitsmarkt. Unter Verwendung von drei alternativen Modellvarianten für die proportionale Abwärtsnominallohnrigidität wurde auf Grundlage...
Persistent link: https://www.econbiz.de/10005176947
Persistent link: https://www.econbiz.de/10005056395
Persistent link: https://www.econbiz.de/10008575496
ILO pub. Article reviewing the findings of case studies of consumer behaviour with a view to testing the validity of certain assumptions regarding consumer efficiency, effects of choice of technology and choice of product and the availability of labour intensive techniques in Bangladesh,...
Persistent link: https://www.econbiz.de/10010690072
the endogenousty focused price theory and limited boundaries of modern economics. It is argued in 'The Justice of the Just …The medieval notion of the just price was an outcome of neither an exclusively economic analysis nor a completely … of price and justice and how an integrated economics and ethics made for a mode of reasoning about price different from …
Persistent link: https://www.econbiz.de/10009221637
In diesem Beitrag werden die wichtigsten Erkenntnisse zu Ausmaß und Ursachen der strukturellen Arbeitslosigkeit in Europa vor dem Hintergrund eines einheitlichen theoretischen Bezugrahmens zusammengefasst, erklärt und bewertet. Die strukturelle Arbeitslosigkeit wird in der Literatur...
Persistent link: https://www.econbiz.de/10005176945
Eine hohe Auslastung der Produktionskapazitäten birgt Inflationsrisiken in sich, da übermässig ausgelastete Unternehmen dazu tendieren, die Nachfrage über höhere Preise mit ihren Produktionsmöglichkeiten in Einklang zu bringen. Umgekehrt ist bei einer Unterauslastung mit einer Dämpfung...
Persistent link: https://www.econbiz.de/10010685148
Why is inflation so much lower and at the same time more stable in developed economies in the 1990s, compared with the 1970s? This paper suggests that the United Kingdom, United States and other countries may have escaped from a volatile inflation equilibrium. Our argument builds on the story...
Persistent link: https://www.econbiz.de/10005504556
The establishment of appropriate policy measures for fighting unemployment has always been difficult since causes of unemployment are hard to identify. This paper analyses an approach used mainly in the 1960s and 1970s in economics, in which classification is used as a way to deal with such a...
Persistent link: https://www.econbiz.de/10005504957