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The Political Economy of Kazakhstan. A Case of Good Economics, Bad Politics?
CASE; Prieskienyte, Ruta - 2022
Can autocracies and their associated institutions successfully implement economic policies that promote growth and investment? Can ‘good economics’ somehow offset the effects of ‘bad’ politics? Kazakhstan is a case where an autocratic regime has actively projected market-friendly...
Persistent link: https://www.econbiz.de/10013308387
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Causality in Vietnam's parallel exchange rate system during 2005-2011 : policy implications for macroeconomic stability
Bui, Minh Tam - In: Economies : open access journal 6 (2018) 4/68, pp. 1-20
As in many transition economies, Vietnam has experienced a multiple exchange rate system with three exchange rates …-run relationship between the official and parallel market rates of the Vietnam dong against the U.S. dollar. The short-run dynamics of … of the State Bank of Vietnam not to follow black market signals in managing official exchange rates for macroeconomic …
Persistent link: https://www.econbiz.de/10011956312
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Macroeconomic policy in DSGE and agent-based models redux : new developments and challenges ahead
Fagiolo, Giorgio; Roventini, Andrea - 2016
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,...
Persistent link: https://www.econbiz.de/10011457386
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Populism, economic policies and central banking
Agur, Itai; Gnan, Ernest; Masciandaro, Donato; Binder, … - Populism, Economic Policies and Central Banking …; … - 2020
Persistent link: https://www.econbiz.de/10012225066
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Nominal wage adjustment, demand shortage and economic policy
Ono, Yoshiyasu; Ishida, Junichiro - 2009
We formulate nominal wage adjustment by incorporating various concepts of fairness. By applying it into a continuous-time money-in-utility model we examine macroeconomic dynamics with and without a liquidity trap and obtain the condition for persistent unemployment, and that for temporary...
Persistent link: https://www.econbiz.de/10003921842
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Micro and macro policies in the Keynes+Schumpeter evolutionary models
Dosi, Giovanni; Napoletano, Mauro; Roventini, Andrea; … - 2014
This paper presents the family of the Keynes+Schumpeter (K+S, cf. Dosi et al, 2010, 2013, 2014) evolutionary agent-based models, which study the effects of a rich ensemble of innovation, industrial dynamics and macroeconomic policies on the long-term growth and short-run fluctuations of the...
Persistent link: https://www.econbiz.de/10010430728
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The financial crisis : what have macroeconomists learnt?
Chadha, Jagjit - 2010
I outline a simple roadmap for work in micro-founded models. Rather than abandoning the route to further micro-foundations and returning to ad hoc economics, the techniques we have used over the past two decades to develop micro-founded business cycle models will allow us to develop models with...
Persistent link: https://www.econbiz.de/10008771340
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Can we prevent boom-bust cycles during euro area accession?
Brzoza-Brzezina, Michał; Jacquinot, Pascal; Kolasa, Marcin - 2010
Euro-area accession caused boom-bust cycles in several catching-up economies. Declining interest rates and easier financing conditions fuelled spending and worsened the current account balance. Over time inflation deteriorated external competitiveness and lowered domestic demand, turning the...
Persistent link: https://www.econbiz.de/10008771781
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The multi-faceted concept of transparency
Forssbæck, Jens; Oxelheim, Lars - 2014
Transparency has become a catchword and in the economic-political debate is often seen as a universal remedy for all sorts of problems. In this paper, we analyze and discuss the meaning and use of the concept of transparency in economic research. We look for common denominators across different...
Persistent link: https://www.econbiz.de/10010393290
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Can We Prevent Boom-Bust Cycles During Euro Area Accession?
Brzoza-Brzezina, Michal - 2011
Euro-area accession caused boom-bust cycles in several catching-up economies. Declining interest rates and easier financing conditions fuelled spending and worsened the current account balance. Over time inflation deteriorated external competitiveness and lowered domestic demand, turning the...
Persistent link: https://www.econbiz.de/10013131035