Similar Search Results

Implicit Microfoundations for Macroeconomics

Wright, Ian - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-19, pp. 1-27

A large market economy has a huge number of degrees of freedom with weak microlevel coordination. The 'implicit microfoundations' approach considers this property of micro-level interactions to more strongly determine macro-level outcomes compared to the precise details of individual choice...

Persistent link: https://www.econbiz.de/10010298637

Macroeconomic Relaxation: Adjustment Processes of Hierarchical Economic Structures

Aoki, Masanao; Hawkins, Raymond - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-17, pp. 1-21

We show how time-dependent macroeconomic response follows from microeconomic dynamics using linear response theory and a time-correlation formalism. This theory provides a straightforward approach to time-dependent macroeconomic model construction that preserves the heterogeneity and complex...

Persistent link: https://www.econbiz.de/10010298636

Aggregation with a double non-convex labor supply decision: indivisible private- and public-sector hours

Vasilev, Aleksandar - In: Ekonomia 47 (2016), pp. 123-133

aggregation over homogeneous individuals features different disutility of labor across the two sectors, which is in line with the …

Persistent link: https://www.econbiz.de/10011565141

Aggregation with two-member households and home production

Vasilev, Aleksandar - In: Theoretical and Practical Research in Economic Fields 8 (2017) 1 (15), pp. 73-77

in Rogerson (1988) can again be used to convexify consumption sets, and we perform aggregation over individual …

Persistent link: https://www.econbiz.de/10011646097

Gorman revisited: Nonparametric conditions for exact linear aggregation

Cherchye, Laurens; Crawford, Ian; De Rock, Bram; … - In: SERIEs - Journal of the Spanish Economic Association 7 (2016) 2, pp. 203-220

(Econometrica 50:945-972, 1982), we provide a revealed preference characterisation of exact linear aggregation. This guarantees that …

Persistent link: https://www.econbiz.de/10011650318

Vierteljährliche VGR für Sachsen: Ergebnisse für das erste Quartal 2018

Nierhaus, Wolfgang - In: ifo Dresden berichtet 25 (2018) 04, pp. 37-38

Persistent link: https://www.econbiz.de/10012017878

Real GDP: The Flawed Metric at the Heart of Macroeconomics

Fix, Blair; Nitzan, Jonathan; Bichler, Shimshon - In: Real-World Economics Review (2019) 88, pp. 51-59

The study of economic growth is central to macroeconomics. More than anything else, macroeconomists are concerned with finding policies that encourage growth. And by ‘growth’, they mean the growth of real GDP. This measure has become so central to macroeconomics that few economists question...

Persistent link: https://www.econbiz.de/10012027064

Vierteljährliche VGR für Sachsen: Ergebnisse für das vierte Quartal 2018

Nierhaus, Wolfgang - In: ifo Dresden berichtet 26 (2019) 03, pp. 26-27

Persistent link: https://www.econbiz.de/10012140799

The Solvency II Standard Formula, linear geometry, and diversification

Paulusch, Joachim - In: Journal of Risk and Financial Management 10 (2017) 2, pp. 1-12

The core of risk aggregation in the Solvency II Standard Formula is the so-called square root formula. We argue that it … should be seen as a means for the aggregation of different risks to an overall risk rather than being associated with … immediately find that it defines a norm and therefore provides a homogeneous and sub-additive tool for risk aggregation. Hence …

Persistent link: https://www.econbiz.de/10011843289

Aggregation with non-convex labor supply, unobservable effort, and efficiency wages of the no-shirking type

Vasilev, Aleksandar - In: Journal of Mathematical Economics and Finance IV (2018) 1(6), pp. 19-33

addition, the paper and explicitly performs the aggregation presented in Vasilev (2017) without a formal proof, and thus …

Persistent link: https://www.econbiz.de/10011848513