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Growth, cycles and residential investment
Santetti, Marcio; Nikiforos, Michalis; Von Arnim, Rudiger - 2022
capital accumulation. Further, and across different theoretical approaches, residential investment is seen as a critical …
Persistent link: https://www.econbiz.de/10013448820
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Classical and Keynesian models of inequality and stagnation
Rada, Codrina; Tavani, Daniele; Von Arnim, Rudiger; … - 2022
endogenous income-capital ratio: one through the Keynesian notion of effective demand, the other building on induced bias in … consistent with the observed decline of the labor share, the income-capital ratio, and labor productivity growth during the …
Persistent link: https://www.econbiz.de/10014327602
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The distributive cycle : evidence and current debates
Barrales-Ruiz, Jose; Mendieta-Muñoz, Ivan; Rada, Codrina; … - 2021
This paper surveys current debates on the distributive cycle. The literature builds on R.M. Goodwin's seminal 1967 chapter titled "A growth cycle." We review theoretical motivations for the distributive cycle, which, despite significant differences, all imply that macroeconomic activity leads...
Persistent link: https://www.econbiz.de/10012581571
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The distributive cycle : evidence and current debates
Barrales-Ruiz, Jose; Mendieta-Muñoz, Ivan; Rada, Codrina; … - 2020
This paper surveys current debates on the distributive cycle. The literature builds on R.M. Goodwin's seminal 1967 chapter titled "A growth cycle." We review theoretical motivations for the distributive cycle, which, despite significant differences, all imply that macroeconomic activity leads...
Persistent link: https://www.econbiz.de/10012286094
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Countercyclical elasticity of substitution
Koh, Dongya; Santaeulàlia-Llopis, Raül - 2022
Persistent link: https://www.econbiz.de/10013186227
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Fluttuazioni Endogene, Deflazione Da Debiti E Instabilità Finanziaria (Endogenous Fluctuations, Debt Deflation and Financial Instability)
Ferri, Piero - 2013
Il presente lavoro studia le relazioni che intercorrono fra fluttuazioni endogene e crisi finanziarie facendo riferimento ad alcuni concetti, strumenti e metodologie che si rifanno all'analisi di Minsky. In particolare, l'articolo utilizza una funzione degli investimenti basata sul concetto di...
Persistent link: https://www.econbiz.de/10013091014
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A New Keynesian Model with Robots : Implications for Business Cycles and Monetary Policy
Lin, Tsu-ting Tim - 2018
This paper examines the effects of labor-replacing capital, which we call robots, on business cycle dynamics using a … New Keynesian model with a role for both traditional and robot capital. We find that shocks to the price of robots have … capital. In addition, the inclusion of robots alters the response of employment and labor's share to a variety of shocks and …
Persistent link: https://www.econbiz.de/10012932260
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Do Wild Fluctuations in Quarterly Inventory Investment Data Matter? : A Study of Japanese GDP Statistics, 1994-2010
Miwa, Yoshiro - 2013
For more than half a century, inventory investment has attracted wide attention as a major cause of short-term macroeconomic fluctuations, and the mechanisms involved have been the focus of many major studies. Yet microeconomists and business people familiar with corporate behavior have...
Persistent link: https://www.econbiz.de/10013076396
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What Happens If Central Banks Misdiagnose a Slowdown in Potential Output
Bakker, Bas Berend - 2019
growth. Moreover, low interest rates will lead to an increase in the capital output ratio, a low return on capital and high …
Persistent link: https://www.econbiz.de/10012859859
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Delayed Capital Reallocation
Cui, Wei - 2014
Why is capital reallocation across firms procyclical and more volatile than investment? To answer the question, this … they are subject to partial capital irreversibility and financing constraints. Partial capital irreversibility generates …
Persistent link: https://www.econbiz.de/10013048943