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Persistent link: https://www.econbiz.de/10005013157
equilibrium paths. Hysteresis is viewed as the result of a selection between these different equilibrium paths. We use this model … of the 1970’s may have played a central role in generating hysteresis. …
Persistent link: https://www.econbiz.de/10005822131
A general growth model with explicit resource reallocation costs is set up. A new feature is the property of hysteresis … (i.e. a continuum of stationary equilibria) in closed-economy growth models. Employing a linear model the hysteresis … part of the education sector, there is a straightforward possibility for the government to reduce the range of hysteresis …
Persistent link: https://www.econbiz.de/10005800875
equilibrium paths. Hysteresis is viewed as the result of a selection between these different paths. We use this model to argue …’s may have played a central role in generating hysteresis. …
Persistent link: https://www.econbiz.de/10005731615
equilibrium paths. Hysteresis is viewed as the result of a selection between these di?erent equilibrium paths. We use this model … of the 1970’s may have played a central role in generating hysteresis. …
Persistent link: https://www.econbiz.de/10005562457
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Although three years have passed since the onset of the deepest recession from 1929, the most world economies are still fragile, the slipping into another recession being imminent for many of them. “It is a sin to waste a crisis” without learning something of the causes that generated it,...
Persistent link: https://www.econbiz.de/10011004849
В статье представлены результаты анализа российского фондового рынка за последнее полугодие. Описаны причины спада его отраслевых индексов и предложены меры...
Persistent link: https://www.econbiz.de/10011220782
This paper analyzes empirically the recent Asian financial crisis using high frequency data of exchange rates and stock indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence that developments in some sectoral...
Persistent link: https://www.econbiz.de/10005263754