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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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New directions in stabilisation policies
Fendel, Ralf - In: BNL Quarterly Review 57 (2004) 231, pp. 365-394
theory and stabilization policies. The paper presents the main characteristics and implications of the new class of models in …
Persistent link: https://www.econbiz.de/10010752473
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New directions in stabilisation policies
Fendel, Ralf - In: Banca Nazionale del Lavoro Quarterly Review 57 (2004) 231, pp. 365-394
theory and stabilization policies. The paper presents the main characteristics and implications of the new class of models in …
Persistent link: https://www.econbiz.de/10010752515
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The current state of the theory of cycles
Marrama, Vittorio - In: Rivista Internazionale di Scienze Sociali 123 (2013) 3-4, pp. 373-386
The article offers a review of modern business cycle theory as developed in the first half of XX century. Marrama … considered as the most important for understanding the current state of business cycle theory: cyclical aggregative models (using …
Persistent link: https://www.econbiz.de/10010786802
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Coordination Failure in Macroeconomics: An Overview
Irons, John S. - In: Eastern Economic Journal 31 (2005) 1, pp. 45-54
volume. It also addresses sunspot equilibrium theory and well as policy implications. The papers in this symposium represent …
Persistent link: https://www.econbiz.de/10005769912
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Misallocation and manufacturing TFP in China and India
Chang, Tai Hsieh; Peter, J- Klenow - Volkswirtschaftliche Fakultät, … - 2007
Resource misallocation can lower aggregate total factor productivity (TFP).We use microdata on manufacturing establishments to quantify the potential extent of misallocation in China and India versus the United States. We measure sizable gaps in marginal products of labor and capital across...
Persistent link: https://www.econbiz.de/10009372619
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Keynes, Kalecki, Sraffa: Coherence?
Hart, Neil; Kriesler, Peter - School of Economics, UNSW Business School - 2014
This paper, in honour of John King, addresses the question raised by him in his A History of Post-Keynesian since 1936, reflected in the title. Initial surveys of post-Keynesian economics defined it in term of the Keynesian, Kaleckian and Sraffian strands. However, subsequently, it has become...
Persistent link: https://www.econbiz.de/10010751332
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Notes and Discussions - The Issue of the Stability of Capitalism in Recent Literature
Vito, Francesco - In: Rivista Internazionale di Scienze Sociali 119 (2011) 3/4, pp. 297-308
The definition of capitalism is the focus of a wide-ranging debate raised by W. Sombart. The author indicates his own definition according to which capitalism is a system characterized by ‘‘free choice of activity for economic subjects; private property of the means of production...
Persistent link: https://www.econbiz.de/10010786872
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Notes and Discussions - The Issue of the Stability of Capitalism in Recent Literature
Vito, Francesco - In: Rivista Internazionale di Scienze Sociali (2011) 3/4, pp. 297-308
The definition of capitalism is the focus of a wide-ranging debate raised by W. Sombart. The author indicates his own definition according to which capitalism is a system characterized by ‘‘free choice of activity for economic subjects; private property of the means of production...
Persistent link: https://www.econbiz.de/10010575099
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"Is There Room for Bulls, Bears, and States in the Circuit?"
Wray, L. Randall - Levy Economics Institute - 2011
John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … capital asset prices, and thus investment theory, hanging. This paper extends Kregel's analysis to an examination of the role … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …
Persistent link: https://www.econbiz.de/10009395384