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Distribution and Growth : A Dynamic Kaleckian Approach
Patriarca, F. - 2011
This paper studies the effects of an (exogenous) increase of nominal wages on profits, output, and growth. Inspired by an article by Michał Kalecki (1991), who concentrated on the effects on total profits, the paper develops a model that explicitly considers the dynamics of demand, prices,...
Persistent link: https://www.econbiz.de/10013117904
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Macroeconomic Implications of the Global Crisis on Bulgarian Economy Since 2008
Zlatinov, Dimitar - 2016
The paper examines changes in the Bulgarian economy following the global financial and economic crisis of 2008. The discussion is primarily based on the behavior of economic agents in the crisis – households and companies. The paper also seeks to address the changes in the external and fiscal...
Persistent link: https://www.econbiz.de/10012985515
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Virtually everywhere? : digitalisation and the euro area and EU economies : degree, effects, and key issues
Anderton, Bob; Jarvis, Valerie; Labhard, Vincent; … - 2020
Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of developments in the digital economy and their possible impacts...
Persistent link: https://www.econbiz.de/10012254362
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Inflation and Output Dynamics with Firm-Owned Capital
Weinke, Lutz; Sveen, Tommy - 2010
We model firm-owned capital in a stochastic dynamic New-Keynesian general equilibrium model a la Calvo. We find that this structure implies equilibrium dynamics which are quantitatively different from the ones associated with a benchmark case where households accumulate capital and rent it to...
Persistent link: https://www.econbiz.de/10014070812
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Distribution and growth : a dynamic Kaleckian approach
Patriarca, Fabrizio; Sardoni, Claudio - 2011
This paper studies the effects of an (exogenous) increase of nominal wages on profits, output, and growth. Inspired by an article by Michał Kalecki (1991), who concentrated on the effects on total profits, the paper develops a model that explicitly considers the dynamics of demand, prices,...
Persistent link: https://www.econbiz.de/10009380290
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The interdependent relationship between the types of investments and income in Republic of Macedonia
Mojanoski, Goran; Georgievski, Marko; Mitevski, Viktor; … - In: Journal of contemporary economic and business issues 4 (2017) 2, pp. 51-61
In this paper, we study the interdependent relationship between three types of investments: foreign direct investments …, central government investments, and all other investments, and their role in the gross domestic product dynamics in the … that, in the long run, there is only one relationship in which all other investments are dependent variables. In it, the …
Persistent link: https://www.econbiz.de/10011862144
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Autoregressions in small samples, priors about observables and initial conditions
Jarociński, Marek; Marcet, Albert - 2010
We propose a benchmark prior for the estimation of vector autoregressions: a prior about initial growth rates of the modeled series. We first show that the Bayesian vs frequentist small sample bias controversy is driven by different default initial conditions. These initial conditions are...
Persistent link: https://www.econbiz.de/10011605309
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Analysis of the impact of monetary policy shocks on domestic output growth in Nigeria : evidence from dynamic ARDL and VECM tests
Iorember, Paul Terhemba; Jelilov, Gylych; Alymkulova, … - In: International journal of public policy : IJPP 16 (2021) 1, pp. 13-25
Persistent link: https://www.econbiz.de/10013257267
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Monetary policy surprises and corporate investment growth in China
Jiang, Lunan; Chen, Yinghui; Zhang, Lin - In: Economic modelling 131 (2024), pp. 1-21
Persistent link: https://www.econbiz.de/10014451187
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The relationship between housing investment and economic growth in China: A panel analysis using quarterly provincial data
Chen, Jie; Zhu, Aiyong - 2008
In this paper we investigate the long-run and short-run relationship between housing investment and economic growth in China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric techniques for panel unit root testing and heterogeneous...
Persistent link: https://www.econbiz.de/10010321479