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It is a widespread view that derivatives played a crucial role during the recent financial and economic crisis. This opinion manifested in headlines such as “Why Derivatives Caused Financial Crisis” and derivatives have been termed “Financial Weapons of Mass Destruction”. However, the...
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derivative data in growth estimates. Beyond the most recent Wacthel and Rousseau (2010) evidence which documents the interruption … derivative positively or insignificantly with a much smaller effect in magnitude. At the same time the impact of the crisis is …
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From a structural perspective, this article is divided into two parts. The first part deals with the perception of investments from global Investors at a macroeconomic level. In this respect, the goal is to assess the impact of the direct tax policies related to profits derived from investments...
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The main task of this work is to develope a model able to encompass, at the same time, Keynesian, demand-driven, and Marxian, profit-driven determinants of fluctuations. Our starting point is the Goodwin's model (1967), rephrased in discrete time and extended by means of a coupled dynamics...
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Chaos theory reveals structure in aperiodic, dynamic systems. The number of nonlinear business cycle models use chaos … theory to explain complex motion of the economy. The basic aim of this paper is to provide a relatively simple chaotic …
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