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Persistent link: https://www.econbiz.de/10008520202
Seit 1971 ist dem ifo Institut die Geschäftsstelle des Centre for International Research on Economic Tendency Surveys angegliedert. Alle zwei Jahre treffen sich CIRET-Mitglieder und andere Experten zur Diskussion neuer Forschungsergebnisse. Die umfangreiche Tagesordnung der 22. CIRET-Konferenz,...
Persistent link: https://www.econbiz.de/10005055645
The article is a synthetic discussion of the current state of the business cycle theory. Three groups of current …
Persistent link: https://www.econbiz.de/10010875594
We develop a market model which explains how prices react to short-run demand variations when the number of active price-setting firms is held fixed on its long-run level. We assume that for each firm the average production cost function is U-shaped, that customers are imperfectly informed about...
Persistent link: https://www.econbiz.de/10010956868
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10011267869
. His doctoral dissertation on imperfect competition theory and his Latin American experience further reinforced this basic …
Persistent link: https://www.econbiz.de/10011272764
evaluation and analysis of the recent revival of capital-based macroeconomics and capital-based business cycle theory, as …
Persistent link: https://www.econbiz.de/10005076773
This paper is focused on the neoclassical approach in economics and its fundamentals as they are coming from the philosophy of science. However, the author does not want to be treated as an advocate of this approach; this paper is an attempt to popularize several relevant features of...
Persistent link: https://www.econbiz.de/10005258290
Capital-based business cycle theory identifies monetary mismanagement as a major source of economy-wide distortions in …
Persistent link: https://www.econbiz.de/10005260212
Hayek's business cycle theory in the 1930s was pioneering both in developing the general equilibrium framework and in … integrating capital with monetary theory. From published and unpublished work and correspondence a more complete picture of the … evolution of Hayek's thought emerges. This article traces how Hayek's effort to produce a consistent business cycle theory led …
Persistent link: https://www.econbiz.de/10010545680