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Modeling economic growth : Domar on moving equilibrium
Boianovsky, Mauro - 2015 - Sixth draft (November 2016)
The paper investigates Evsey's Domar's introduction of the rate of growth as a variable in economics in the 1940s and … 1950s . Domar investigated the nature of what he called the "moving equilibrium" of ec onomic processes with infinite … duration. Reactions to Domar' s approach at the time brought about methodological assertions on the distinction between models …
Persistent link: https://www.econbiz.de/10011600630
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Liquidity preference theory revisited : to ditch or to build on it?
Bibow, Jörg (contributor) - 2005
Keynes's analysis offers insights into practical issues, such as policy credibility and expectations management, that reach …
Persistent link: https://www.econbiz.de/10003229836
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Russia and USA Scenario Planning – Trump and Putin Meeting – Business Boom or Lonely to Prove that They are Right?
ul Haq, Bina - 2020
Summary • Putin and Trump, leaders arguably with hostile powers. Their meeting holds significant importance in history, requiring scenario planning to structure long-term business relationships and a defense playground for both countries.• It will provide assurances; to the operating...
Persistent link: https://www.econbiz.de/10014031910
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What drives economic policy uncertainty in the long and short runs? : European and U.S. evidence over several decades
Duca, John V.; Saving, Jason L. - 2016
Economic policy uncertainty (EPU) has increased markedly in recent years in the U.S. and Europe, and some have posited a link between this phenomenon and subpar economic growth in advanced economies (see Baker, Bloom, and Davis, 2015). But methodological and data concerns have thus far raised...
Persistent link: https://www.econbiz.de/10011758464
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How did U.S. consumers use their stimulus payments?
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor-supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012263377
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How did U.S. consumers use their stimulus payments
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012266918
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Harvard, the Chicago tradition and the quantity theory: A reply to James Ahiakpor
Laidler, David; Sandilands, Roger - 2010
James Ahiakpor's critique of our 2002 work on the relationship between a certain 1932 Harvard Memorandum on anti-depression policies and the 1932 Harris Foundation Manifesto dealing with the same issues misses the significance of these documents, and of the relationships between them, both for...
Persistent link: https://www.econbiz.de/10010292038
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Growth and Savings in USA and Japan
Laski, Kazimierz; Römisch, Roman - 2001
In a simplified model GDP growth depends on the demand effect of private investment growth and on the growth of the private savings ratio. In a generalized model private investment (IP) has to be supplemented by the trade balance (E) and the budget deficit (D), their sum being termed NPCE...
Persistent link: https://www.econbiz.de/10012099845
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Minsky and economic policy :"Keynesianismʺ all over again?
Tymoigne, Éric (contributor) - 2008
Recently, national newspapers all over the world have suggested that we should reread John Maynard Keynes, and that Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and discovering Minsky are noble goals, one should also remember...
Persistent link: https://www.econbiz.de/10003773518
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The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall - 2011
incorporated true uncertainty or "unknowledge" and thus deviated substantially from Keynes's treatment of expectations in chapters … Markets Hypothesis ; Keynesian Economics ; Orthodoxy ; Heterodox Economics ; Minsky ; Uncertainty ; Rational Expectations …
Persistent link: https://www.econbiz.de/10008906589