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Modelling artificial intelligence in economics

Gries, Thomas; Naudé, Wim - 2021

Economists' two main theoretical approaches to understanding Artificial Intelligence (AI) impacts have been the task-approach to labor markets and endogenous growth theory. Therefore, the recent integration of the task-approach into an endogenous growth model by Acemoglu and Restrepo (AR) is a...

Persistent link: https://www.econbiz.de/10012485853

Wage bargaining and monetary policy in a Kaleckian monetary distribution and growth model: trying to make sense of the NAIRU

Hein, Eckhard - 2005

In a Kaleckian monetary distribution and growth model with conflict inflation we assess the role of a Non Accelerating … rate tool is analysed. The problem of long run endogeneity of the NAIRU is addressed integrating the long run distribution …

Persistent link: https://www.econbiz.de/10003744527

On the (in-)stability and the endogeneity of the "normal" rate of capacity utilisation in a post-Keynesian/Kaleckian "monetary" distribution and growth model

Hein, Eckhard - 2006

In Kaleckian models of distribution and growth the equilibrium rate of capacity utilisation may persistently diverge …. Since inflation in our model is driven by distribution conflict, the "normal rate" of utilisation is associated with … consistent claims of firms and employees. Taking into account real debt effects of changes in inflation and distribution effects …

Persistent link: https://www.econbiz.de/10003744529

Financialisation in a comparative static, stock flow consistent post-Kaleckian distribution and growth model

Hein, Eckhard - 2008

Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission … channels of 'financialisaton' are integrated. 1. 'Financialisation' is assumed to affect distribution between firms and … rentiers in the short run, and distribution between capital and labour through a dividend-elastic mark-up in firms' price …

Persistent link: https://www.econbiz.de/10003836933

Interest rates, distribution and capital accumulation : a post-Kaleckian perspective on the US and Germany

Hein, Eckhard; Schoder, Christian - In: International review of applied economics 25 (2011) 6, pp. 693-723

Persistent link: https://www.econbiz.de/10009406277

Cambridge and neo-Kaleckian growth and distribution theory : comparison with an application to fiscal policy

Palley, Thomas I. - In: Review of Keynesian economics 1 (2013) 1, pp. 79-104

Persistent link: https://www.econbiz.de/10009716305

Financialisation, distribution, growth and crises : long-run tendencies

Hein, Eckhard; Dodig, Nina - 2014

the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution … financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock …

Persistent link: https://www.econbiz.de/10010242861

Knowing the damages is not enough : the general equilibrium impacts of climate change

Kalkuhl, Matthias; Edenhofer, Ottmar - 2016

impacts on labor movement and income distribution. We apply our analytical findings to reasonable parameters for a large set …

Persistent link: https://www.econbiz.de/10011454039

Re-distribution, aggregate demand, and growth in an open economy : the crucial interaction of portfolio considerations and external account constraints

Razmi, Arslan - 2014

A large body of literature inspired by the seminal contribution of Marglin and Bhaduri (1988) has debated the distributional determinants of demand and growth. A general conclusion has been that open economy considerations weaken the potential for a wage-led growth regime. However, this...

Persistent link: https://www.econbiz.de/10010426603

"Financialisation" in Kaleckian, post-Kaleckian models of distribution and growth

Hein, Eckhard; Treeck, Till van - 2007

distribution and growth. The focus is on the effects of changes in distribution between shareholders/rentiers, firms and workers … shareholder power in Kaleckian/Post-Kaleckian models of distribution and growth, in: Review of Political Economy, 22(2). …

Persistent link: https://www.econbiz.de/10003747641