In this paper, we revise the diverse processes of agent’s expectations formation and their relationship with the economic policy effectiveness. We center our attention in the aggregate supply, particularly in the well-known relationship as Phillips curve, but we also address to the aggregate...

We present evidence on the frequency of nominal wage adjustment using SIPP data adjusted for measurement error. The SIPP is a representative sample of the US population. Our main results are: (i) The average quarterly probability of a nominal wage change is between 21.1 and 26.6 percent,...

In this paper it is argued that the domestic division of labor and trade is organized according to the same principle as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source of these comparative advantages is the individual. The...

Earth Endogenous System, 2nd edition (hereunder, the 2nd) is endowed with a unique unite for philosophy, theories, practices, and national taste; solely policy-oriented and harmonizing culture by country and civilization by area. This is because each of these are data-numerically and precisely...

Earth Endogenous System, 2nd edition (hereunder, the 2nd) is endowed with a unique unite for philosophy, theories, practices, and national taste; solely policy-oriented and harmonizing culture by country and civilization by area. This is because each of these are data-numerically and precisely...

In this paper, we explore three scenarios for the future of the European Union, using history and reasoned imagination as guides. Our three scenarios are rooted in European contemporary challenges but draw on three ages that have shaped what Europe has become. Scenario 1 harks back to Antiquity...

İktisat İşletme ve Finans’ın otuzuncu yılı özel sayısı için hazırlanan bu makalede Türkiye ekonomisinin 2000’li yıllarına ilişkin dört temel soru soruluyor ve sorulara kısaca yanıt veriliyor. Bu çerçevede, otuzuncu yıl için hazırlanan ve özel sayıda yer alan tüm...