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Firms' heterogeneity, endogenous entry, and exit decisions

Totzek, Alexander - 2009

As GDP is highly correlated with both entering and exiting firms, we develop a totally microfounded DSGE model with endogenous firms entry as well as exit decisions. We show that the simplifying assumption of a constant firms' death rate made by the recent literature on DSGE modelling can lead...

Persistent link: https://www.econbiz.de/10003914203

On the macroeconomic implications of firm dynamics, banking, and reputation

Totzek, Alexander - 2011

combine elements of the Real Business Cycle literature such as rational expectations, microfoundations, and the concept of the … control for the inflation rate. Fourth, traditional New Keynesian approaches analyze the impacts of fiscal stimuli on standard …

Persistent link: https://www.econbiz.de/10008907265

Macroeconomics before microeconomics : a sceptic's guide to macroeconomics

Milgate, Murray; Eatwell, John - In: Pasinetti and the classical Keynesians : nine …, (pp. 157-186). 2021

Persistent link: https://www.econbiz.de/10013198819

Microfoundations

Denis, Andrew Martin Paul - In: Review of political economy 28 (2016) 1, pp. 134-152

Persistent link: https://www.econbiz.de/10011446487

The conceptual flaw in the microeconomic foundations of dynamic stochastic general equilibrium models

Rogers, Colin - In: Review of political economy 30 (2018) 1, pp. 72-83

Persistent link: https://www.econbiz.de/10011882526

Konjunktur und Wachstum als Gegenstand der Wirtschaftstheorie : eine modelltheoretische und methodologische Beurteilung moderner makroökonomischer Erklärungsansätze aus evolutionsö...

Kersten, Marc - 2002

In den letzten zwei Jahrzehnten war die Nationalökonomik Zeugin einer sprichwörtlichen "Hochkonjunktur" bei der Entwicklung kausaler Erklärungsansätze mittelfristiger gesamtwirtschaftlicher Fluktuationen. Aufbauend auf der "Theorie realer Konjunkturzyklen" und deren Erweiterung in Modellen...