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Policy and state in complexity economics
Elsner, Wolfram - 2017
Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the … theoretical and empirical findings are consistent with older heterodox research interests and predictions. Economic complexity is … perceived complexity, and generating social institutions. Boosted by the financial crisis 2008ff., a surge to explore complexity …
Persistent link: https://www.econbiz.de/10011660103
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Fear of model misspecification and the robustness premium
Angelopoulos, Konstantinos; Malley, James R. - 2010
Robust decision making implies welfare costs or robustness premia when the approximating model is the true data generating process. To examine the importance of these premia at the aggregate level we employ a simple two-sector dynamic general equilibrium model with human capital and introduce an...
Persistent link: https://www.econbiz.de/10008697052
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Fear of model misspecification and the robustness premium
Angelopulos, Kōnstantinos I.; Malley, James R. - 2010
Persistent link: https://www.econbiz.de/10008659388
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Modeling and control of national and international economies
Neck, Reinhard - 2001
Persistent link: https://www.econbiz.de/10001684564
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"Optimale" Entscheidungen unter Unsicherheit - die Wahl langfristiger Politiken, die möglichst auch nach Berücksichtigung zukünftiger Daten Bestand haben
Gaschler, Hans Joachim - In: Selected papers of the Symposium on Operations Research …, (pp. 176-181). 1998
Persistent link: https://www.econbiz.de/10001323339
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A neo-Schumpeterian perspective on the analytical macroeconomic framework : the expanded reproduction system
Jun, Bogang; Gim, Tae yu - 2015
This study aims to introduce a new analytical macroeconomic framework, the expanded reproduction system, that combines the accumulated wisdom of several contemporary economic models while also compensating for their shortcomings. This new framework may be used to study macroeconomic phenomena...
Persistent link: https://www.econbiz.de/10011377743
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Supporting economic growth with innovation-oriented entrepreneurship
Crnogaj, Katja; Rebernik, Miroslav; Bradač Hojnik, Barbara - In: Ekonomický časopis : časopis pre ekonomickú … 63 (2015) 4, pp. 395-409
Persistent link: https://www.econbiz.de/10011341403
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An analytical framework for the Post-Keynesian macroeconomic paradigm
Herr, Hansjörg - 2013
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10009756278