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and Facts; The basic model: the consumption/saving choice; Allowing for a labor/leisure choice (the RBC model); Allowing … for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing … basic models macroeconomists use to study fluctuations. The course is organized around nine topics/sections: Fluctuations …
Persistent link: https://www.econbiz.de/10009433264
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 … case for a money growth rule, and the expectations augmented Phillips curve are then taken up, followed by a discussion of …
Persistent link: https://www.econbiz.de/10010291906
Persistent link: https://www.econbiz.de/10005812564
consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 … case for a money growth rule, and the expectations augmented Phillips curve are then taken up, followed by a discussion of …
Persistent link: https://www.econbiz.de/10010681093
the level and severity of poverty in developing countries. Householders use this money received from migrants for their … private consumption and their investments. This paper aims to analyse the impact of remittances on economic growth, private … consumption, private investments and the government tax revenue in low and upper middle-income countries. The paper highlights one …
Persistent link: https://www.econbiz.de/10011793525
tends to be long lasting and associated with significant effects on current accounts, wages and investment. Adjustment … leverage. The adjustment is generally achieved by reducing investment and increasing savings on the back of a falling wage …
Persistent link: https://www.econbiz.de/10014619288
be long lasting and associated with significant effects on current accounts, wages and investment. Adjustment episodes …. The adjustment is generally achieved by reducing investment and increasing savings on the back of a falling wage share. A …
Persistent link: https://www.econbiz.de/10011198683
Persistent link: https://www.econbiz.de/10002709191