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Dieser Beitrag behandelt Begriff, Ursachen, Wirkungen sowie Bewertung und mögliche Ausgleichsmaßnahmen gestörter Vertragsparität. Dabei wird auf die ökonomische Verhandlungstheorie und die Theorie der Wettbewerbsmärkte zurückgegriffen. Es werden in der Rechtswissenschaft vorfindbare...
Persistent link: https://www.econbiz.de/10008509571
We provide a theory of the interaction between intergenerational living arrangements and economic development. We show that, when technical progress is fast enough, the economy experiences a shift from stagnation to growth, there is a transition from coresidence to non-coresidence, and the...
Persistent link: https://www.econbiz.de/10010939664
This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...
Persistent link: https://www.econbiz.de/10005767351
Throughout his career, Malcolm Sawyer has both encouraged and contributed to the development of a Kaleckian alternative to conventional macroeconomic theory. In the spirit of this endeavour, we construct a Keynes-Kalecki model of cyclical growth with agent-based features. Our model is driven by...
Persistent link: https://www.econbiz.de/10008642731
leverage cycles, is explicit. We first discuss the extent to which complex securities can amplify boom–bust cycles. Then, we …Recent history suggests that many boom–bust cycles are naturally driven by linkages between the credit market and asset … propose a model in which distinct financial market boom–bust cycles emerge naturally. We demonstrate the interaction of …
Persistent link: https://www.econbiz.de/10010576931
leverage cycles, is explicit. We first discuss the extent to which complex securities can amplify boom-bust cycles. Then, we …Recent history suggests that many boom-bust cycles are naturally driven by linkages between the credit market and asset … propose a model in which distinct financial market boom-bust cycles emerge naturally. We demonstrate the interaction of …
Persistent link: https://www.econbiz.de/10011124046
Persistent link: https://www.econbiz.de/10005705327
Persistent link: https://www.econbiz.de/10005716615
Persistent link: https://www.econbiz.de/10005818422
The leading evidence against the unitary household models is that "who gets what" is significantly dependent upon "who earns how much." However, it is difficult to pin down the causal effect of relative earnings on intra-household resource allocation because households jointly decide both labor...
Persistent link: https://www.econbiz.de/10005822464