Showing 1 - 10 of 162
Economics has always had a difficult relationship with literature. Although early economists such as Adam Smith adopted … its implications. Separation of economics from literature is unhelpful, as it plays down the cultural and historical …, economics had become professionalised into a self-contained discipline expressed in mathematical language and making little …
Persistent link: https://www.econbiz.de/10013369618
‘Potterian economics’, the economic ideas, insights and structure, found in Harry Potter books, to assess how the books might … principles of Potterian economics are consistent with economists’ models. Many other principles, however, are distorted and … contain numerous inaccuracies, contradicting professional economists’ views and insights. We conclude that Potterian economics …
Persistent link: https://www.econbiz.de/10013330839
Das weltweit gestiegene Interesse an Leben und Werk Hannah Arendts hat in den letzten zehn Jahren eine unüberschaubare Menge an neuer Literatur hervorgebracht. Der Literaturbericht konzentriert sich zum einen auf Schriften Arendts, die erstmals zugänglich gemacht wurden. Ein Schwerpunkt liegt...
Persistent link: https://www.econbiz.de/10014501696
This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary regimes of the (quarterly) U.S. GDP. In this regard, the authors apply a mixed-frequency Markov-switching vector autoregressive (MF-MS-VAR) model, and compare its in-sample and...
Persistent link: https://www.econbiz.de/10011555275
Persistent link: https://www.econbiz.de/10011599644
We present an estimated dynamic stochastic general equilibrium model of stock market bubbles and business cycles using Bayesian methods. Bubbles emerge through a positive feedback loop mechanism supported by self-fulfilling beliefs. We identify a sentiment shock that drives the movements of...
Persistent link: https://www.econbiz.de/10011599686
More debt forgiveness directly benefits households but indirectly makes credit more expensive. How does aggregate risk affect this trade-off? In a calibrated general equilibrium life-cycle model, aggregate risk reduces the welfare benefit of making default very costly when the costs are borne by...
Persistent link: https://www.econbiz.de/10011599691
Fast alle Branchen der deutschen Industrie haben in diesem Jahr kräftig expandiert. Die Produktion im produzierenden Gewerbe ohne Baugewerbe wird im Jahresdurchschnitt um knapp neun Prozent höher sein als 2009. Die schnelle und kräftige Erholung beruht auch darauf, dass Deutschland im...
Persistent link: https://www.econbiz.de/10011602267
Die Industrie in Deutschland hat dank des seit Anfang 2009 ununterbrochenen Wachstums im Sommer 2011 das Produktionsniveau von vor der Wirtschaftskrise wieder erreicht. Getrieben wurde die Erholung durch die starke in- und ausländische Nachfrage nach deutschen Investitions- und...
Persistent link: https://www.econbiz.de/10011602449
This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...
Persistent link: https://www.econbiz.de/10011310264