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An empirical evaluation of three post Keynesian models

Skott, Peter - 2010

these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the …

Persistent link: https://www.econbiz.de/10010287839

Cyclical patterns of employment, utilization and profitability

Zipperer, Ben; Skott, Peter - 2010

The interaction between income distribution, accumulation, employment and the utilization of capital is central to macroeconomic models in the 'heterodox' tradition. This paper examines the stylized pattern of these variables using US data for the period after 1948. We look at the trends and...

Persistent link: https://www.econbiz.de/10010287851

An empirical evaluation of three post-Keynesian models

Skott, Peter; Zipperer, Ben - In: Intervention. European Journal of Economics and … 09 (2012) 2, pp. 277-307

these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the …

Persistent link: https://www.econbiz.de/10014363154

Families in Macroeconomics

Doepke, Matthias; Tertilt, Michèle - 2016

aggregate labor supply and savings. Next, we turn to economic growth, and describe how accounting for families is central for …

Persistent link: https://www.econbiz.de/10011479320

Making the case for a low intertemporal elasticity of substitution

Braun, R. Anton; Nakajima, Tomoyuki - 2012

We provide two ways to reconcile small values of the intertemporal elasticity of substitution (IES) that range between 0.35 and 0.5 with empirical evidence that the IES is large. We do this reconciliation using a model in which all agents have identical preferences and the same access to asset...

Persistent link: https://www.econbiz.de/10010292314

Growth and volatility regime switching models for New Zealand GDP data

Buckle, Robert A; Haugh, David; Thomson, Peter - 2002

utility of these methods for modelling growth and volatility regimes present in the New Zealand data and their interaction … Maximisation (EM) algorithm. The models are fitted to New Zealand GDP and production sector growth rates to analyse changes in … their mean and volatility over time. The paper discusses applications of the methodology to identifying changes in growth …

Persistent link: https://www.econbiz.de/10012115495

Growth, volatility and learning

Blackburn, K; Galindev, R - School of Economics, University of Manchester - 2003

This paper presents a simple stochastic growth model in which productivity improvements are the result of both internal … endogenous technological change can lead to different implications for the correlation between output growth and output …

Persistent link: https://www.econbiz.de/10005702830

Big Government as an Accidental Controller in Minsky's Financial

Keen, Steve - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005706779

Long-run trend, Business Cycle & Short-run shocks in real GDP

Arby, Muhammad Farooq - Volkswirtschaftliche Fakultät, … - 2001

decomposition of real GDP of Pakistan reveals that the Pakistan’s economy has a declining growth in long-run trend since early 1980s …

Persistent link: https://www.econbiz.de/10005787051

Search and Matching in Macroeconomics

Yashiv, Eran - C.E.P.R. Discussion Papers - 2006

macroeconomic questions such as business cycles, growth, and policy. Particular attention is given to the ability of the model to …

Persistent link: https://www.econbiz.de/10005792066