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Orthodox versus heterodox (Minskyan) perspectivesof financial crises : explosion in the 1990s versus implosion in the 2000s
Muñoz, Jesús - 2011
Orthodox and heterodox theories of financial crises are hereby compared from a theoretical viewpoint, with emphasis on their genesis. The former view (represented by the fourthgeneration models of Paul Krugman) reflects the neoclassical vision whereby turbulence is an exception; the latter...
Persistent link: https://www.econbiz.de/10009380295
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Appropriate fiscal policy over the business cycle : proper stimulus policies can work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10008653412
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Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case
Manuel, Eduardo Gando - 2007
This paper explains and shows us the Phillips Curve for advanced economies on period 1996-2007 for specially for the United States and Euro area case. The informations for 2006 and 2007 was considered being in attention the forecasting of International Monetary Fund (IMF) for these years. We...
Persistent link: https://www.econbiz.de/10014057264
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The Transformation of U.S. Banking and Finance : From Regulated Competition to Free-Market Receivership
Canova, Timothy A. - 2008
to rebuild Western Europe and Japan, and the G.I. Bill of Rights to educate and house returning U.S. war veterans …
Persistent link: https://www.econbiz.de/10014056011
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Capital Productivity and the Profit Share in the United States : A Keynesian Approach
Perez-Montiel, Jose - 2020
With US economy data we suggest that there exists a causal relationship between negative shocks in capital productivity and positive shocks in the profit share. We argue that, faced with a capital productivity decrease, the US firm sector politically pushes wages down in order to maximize the...
Persistent link: https://www.econbiz.de/10014095775
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Does Economic Policy Uncertainty in the United States Affect Stock Market Performance in Europe?
Sum, Vichet - 2012
This paper investigates the effect of economic policy uncertainty in the United States on stock market performance in the European Union, Croatia, Norway, Russia, Switzerland, Turkey and Ukraine. The analyses of monthly returns on the major stock market indices in these countries from 1985:2 to...
Persistent link: https://www.econbiz.de/10013104689
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Economic Policy Uncertainty in the United States and Europe : A Cointegration Test
Sum, Vichet - 2013
economic policy uncertainty between the United States and Europe. The results reveal a long-run equilibrium relationship … (cointegration) in economic policy uncertainty between the United States and Europe. The findings provide evidence of the … interconnectedness of economic conditions between the United State and Europe in line with the international transmission and spill …
Persistent link: https://www.econbiz.de/10013090882
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Long-Term Changes in Married Couples' Labor Supply and Taxes : Evidence from the US and Europe Since the 1980s
Bick, Alexander - 2018
We document the time-series of employment rates and hours worked per employed by married couples in the US and seven European countries (Belgium, France, Germany, Italy, the Netherlands, Portugal, and the UK) from the early 1980s through 2016. Relying on a model of joint household labor supply...
Persistent link: https://www.econbiz.de/10012910734
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Long-term changes in married couples' labor supply and taxes : evidence from the US and Europe since the 1980s
Bick, Alexander; Brüggemann, Bettina; … - 2018
We document the time-series of employment rates and hours worked per employed by married couples in the US and seven European countries (Belgium, France, Germany, Italy, the Netherlands, Portugal, and the UK) from the early 1980s through 2016. Relying on a model of joint household labor supply...
Persistent link: https://www.econbiz.de/10011913193
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Long-term changes in married couples' labor supply and taxes : evidence from the US and Europe since the 1980s
Bick, Alexander; Brüggemann, Bettina; … - 2018
We document the time-series of employment rates and hours worked per employed by married couples in the US and seven European countries (Belgium, France, Germany, Italy, the Netherlands, Portugal, and the UK) from the early 1980s through 2016. Relying on a model of joint household labor supply...
Persistent link: https://www.econbiz.de/10011919474