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Arbeitsmarkt und Beschäftigung
Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2006
The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and...
Persistent link: https://www.econbiz.de/10005187342
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The IS-LM-BB: a model of unconventional monetary policy
Mendoza, Waldo - Departamento de Economía, Pontificia Universidad … - 2013
The Monetary policy of the United States has not been the same since the 2008-2009 international crisis. Following the crisis, given that the federal funds interest rate - the conventional monetary policy instrument - fell to almost zero, the Federal Reserve (FED) had to resort to two...
Persistent link: https://www.econbiz.de/10010990290
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El nivel de precios, la política monetaria y la regla de Taylor en una economía IS/LM de precios flexibles
Lizarazu Alanez, Eddy - In: Revista Nicolaita de Estudios Económicos VIII (2013) 2, pp. 7-34
We study a flexible price IS/LM economy in which the money supply and interest rate play the role of monetary policy instruments. If the central bank sets the nominal interest rate, the ambiguity in the price level is manifested. However, the equilibrium price level is permissible, if the...
Persistent link: https://www.econbiz.de/10010991609
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Políticas de Demanda, Choques Externos y Regímenes de Tipo de Cambio: un Análisis Formal
Liquitaya Briceño, José - In: Revista Nicolaita de Estudios Económicos VI (2011) 2, pp. 7-34
This paper examines the effects of the demand management policies and external shocks on the trade balance and real income in a small open economy. In addition to the Marshall-Lerner condition, it analyzes the conditions that must be met in so far that a currency devaluation may improve the...
Persistent link: https://www.econbiz.de/10010991615
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2008 Economic crisis analysis
Golmohammadpoor Azar, Kamran; Mansori, Massoud - Volkswirtschaftliche Fakultät, … - 2011
Recent economic crisis started from the American Housing. In 2005, the price of housing started to grow and for gaining more profit, the banks inclined to housing and provided applicants with lots of facilities. With the burst of price bubbles, intense reduction of prices occurred in the housing...
Persistent link: https://www.econbiz.de/10009295281
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2008 Economic Crisis Analysis: The Macroeconomic Approach
Golmohammadpoor Azar, Kamran - Deutsche Zentralbibliothek für … - 2011
Recent economic crisis started from the American Housing. In 2005, the price of housing started to grow and for gaining more profit, the banks inclined to housing and provided applicants with lots of facilities. With the burst of price bubbles, intense reduction of prices occurred in the housing...
Persistent link: https://www.econbiz.de/10009323191
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The History of Macroeconomics from Keynes’s General Theory to the Present
VROEY, Michel DE; MALGRANGE, Pierre - Institut de Recherche Économique et Sociale (IRES), … - 2011
of modern macroeconomics: its emergence after the publication of Keynes’s General Theory, the heydays of Keynesian …
Persistent link: https://www.econbiz.de/10009350363
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Hopf bifurcation in a dynamic IS-LM model with time delay
Neamtu, Mihaela; Opris, Dumitru; Chilarescu, Constantin - Volkswirtschaftliche Fakultät, … - 2005
The paper investigates the impact of delayed tax revenues on the fiscal policy out-comes. Choosing the delay as a bifurcation parameter we study the direction and the stability of the bifurcating periodic solutions. We show when the system is stable with respect to the delay. Some numerical...
Persistent link: https://www.econbiz.de/10005836580
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A Reinterpretation and Remedy of Keynes’s Liquidity Preference Theory
Huang, Wenge - Départment des sciences administratives, Université … - 2006
controversies of monetary economics. Keynes’s liquidity preference theory remains at the core of the center. This paper starts off … with analyzing the inherent logic of liquidity preference theory and presents a new interpretation of the theory in a more … crucial and unsolved mistake in Keynes’s liquidity preference theory, i.e. interest rate is indeterminate, which is revealed …
Persistent link: https://www.econbiz.de/10005773161
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El modelo IS-LM: una revisión crítica
Liquitaya, José D.; Ramírez, Miguel Ángel - In: Revista Nicolaita de Estudios Económicos III (2008) 2, pp. 9-36
In this paper a critical analysis of the IS-LM model is made. Previously, the backgrounds, general characteristics and logic-formal expression of the basic model are examined. With this support and some diagrams it is shown that the model contains limitations as analytical instrument. Among them...
Persistent link: https://www.econbiz.de/10008509694