Will smart machines replace humans like the internal combustion engine replaced horses? If so, can putting people out …

Will smart machines do to humans what the internal combustion engine did to horses – make them obsolete? If so, can …

This dissertation deals with the impact of speculative behaviour on output patterns of the real economy. The impact may … be twofold. Speculative behaviour occurs due to positive developments at the real economy and optimistic outlooks. Also …, speculative behaviour may occur at other markets, like the stock market. We address both, a spill-over effect and the build up of …