Showing 1 - 10 of 5,304
Persistent link: https://www.econbiz.de/10000883676
Persistent link: https://www.econbiz.de/10000368205
Persistent link: https://www.econbiz.de/10001514825
Persistent link: https://www.econbiz.de/10010228916
Persistent link: https://www.econbiz.de/10011452546
In this report Professor Samuelson staff prepares a tour of the work and thought of highlighting the contributions of Hayek Austrian economist and showing the world within which they took power broadly two contradictory paradigms of economic thought. This testimony intellectual frontline is...
Persistent link: https://www.econbiz.de/10013148972
“fundamental uncertainty”, “ambiguity”, “probability” and “risk” are common and universal. For a long time in economic theory, the … neoclassical theory is the neglect of strong types of uncertainty, in particular fundamental uncertainty. The problem of … uncertainty is one of the central issues in the Keynesian, post-Keynesian, and institutional areas of economic theory. A deep …
Persistent link: https://www.econbiz.de/10012896353
Distortionary income taxation in a standard New Keynesian model substantially increases the nominal term-premium on long-term bonds relative to a model with lumpsum taxes. Also the empirical level of the nominal term premium can be matched with lower risk-aversion coefficient in case of a model...
Persistent link: https://www.econbiz.de/10010222369
Certain stylized facts are common among successful economic latecomers: an inverse U-shaped gross domestic product and capital per capita growth rate, high growth rates during the catch-up period, and rapid structural changes. This paper, for the first time, proposes a general equilibrium...
Persistent link: https://www.econbiz.de/10011594388
focused on General Equilibrium Theory (GET), a formalism developed by Léon Walras over a century ago. Internally consistent … the Arrow- Debreu (AD) model of Neoclassical theory, and the Kuznets Curve of Developmental Economics. Broader …
Persistent link: https://www.econbiz.de/10013173058