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Nachdruck mit einem Vorwort und einer ausführlichen Einleitung von Heinz-J. Bontrup. Heinz-J. Bontrup und der Duncker & Humblot Verlag würdigen mit dem Nachdruck dieses Buches aus dem Jahr 1992 das Lebenswerk des herausragenden deutschen Ökonomen Helmut Arndt zu seinem 110. Geburtstag. In...
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In fiscal interaction, a policy is evolutionarily stable if, once adopted by all governments, jurisdictions that deviate from it fare worse than those that stick to it. Evolutionary stability is the appropriate solution concept for models of imitative learning (policy mimicking). We show that...
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The Great Recession seems to be a natural experiment for economic analysis, in that it has shown the inadequacy of the predominant theoretical framework - the New Neoclassical Synthesis (NNS) - grounded on the DSGE model. In this paper, we present a critical discussion of the theoretical,...
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’s Growth and Debt since the 90s -- Parameter Heterogeneity and Convergence Clubs: Shedding Light on the Human Capital Puzzle …This volume presents state-of-the-art contributions to the theory and practice of economic policy. In light of the 2007 … part addresses issues in the theory of monetary and fiscal policy in intertemporal settings with forward-looking agents, in …
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This study provides a detailed investigation of the time-frequency and frequency-domain analysis of the interconnectedness of country-level macroeconomic variables. Hence, the wavelet techniques-vector wavelet and wavelet multiple-employed with TVP-VAR are utilised as a robustness check. The...
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