Showing 1 - 10 of 13
We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal...
Persistent link: https://www.econbiz.de/10009435028
activities. It starts with the Schumpeter’s circular flow of creditary production that argues that the banks start the production … increased real money balances. The banks’ credit and lending capacity are found to depend on the private sector investments …
Persistent link: https://www.econbiz.de/10009428994
entrepreneurship in the work of Schumpeter, Kirzner, and (especially) Knight, the paper makes the case for the entrepreneurial theory …
Persistent link: https://www.econbiz.de/10009430025
Schumpeter. Schumpeter's analysis emphasises innovation and structural change, particularly creative destruction, which impart … uneven development on the economy and can foster financial crises. By applying Schumpeter's analysis the current crisis is …
Persistent link: https://www.econbiz.de/10009434784
monetary policy.Chapter 1 studies the choice of endogenous means of payment when holding money is risky. In steady state … interest rate. Credit may be used when the return on money is not positive. A positive money injection reduces the crime rate … households exchange money for interest-bearing government nominal bonds in the asset market. The government injects money through …
Persistent link: https://www.econbiz.de/10009466028
The Forest Service manages land for a diverse array of purposes under the Multiple Use Doctrine. Many of these uses are incompatible and lead to conflict The goal of my research is to explain what guides the Forest Service's management decisions, since this is critical to understanding how...
Persistent link: https://www.econbiz.de/10009474978
In this paper the authors report the results of the estimation of a rich dynamic stochastic general equilibrium (DSGE) model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule. They use the results of this estimation to examine the recent monetary...
Persistent link: https://www.econbiz.de/10009475410
Tyrimo tikslas: įvertinti atlyginimų "vokelyje" praktikos paplitimo mastus Lietuvoje. Respondentams buvo pateikti klausimai, ar jie gauna neapmokestinamų pajamų bei klausta, kokią dalį pajamų procentais sudaro tokios neapmokestinamos pajamos. Socialinės demografinės charakteristikos:...
Persistent link: https://www.econbiz.de/10009478373
This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the subdiscipline has evolved. It considers some implications...
Persistent link: https://www.econbiz.de/10009447272
While there has been a relatively large number of studies conducted to investigate associations between financial problems and marital outcomes, little research has been done to examine possible relationships between materialistic attitudes, perceived financial problems, and marital outcomes....
Persistent link: https://www.econbiz.de/10009456714