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two kinds of credit: commodity and circulation credit, and with the description of the impact of circulation credit … Cycle Theory, and how the same observations on the nature of credit constituted the kernel of the Chicago Plan (though Mises …’ views on the nature of credit led him to different conculsions than it led the authors of the Chicago Plan), and how this …
Persistent link: https://www.econbiz.de/10010226596
This study sought to identify the traditional and institutional inflation variables responsible for inflation phenomenon and the magnitude of the contribution of the identified variables to the rise in general price level. Secondary data on key macroeconomic variables in the economy from 1974 to...
Persistent link: https://www.econbiz.de/10011661500
As the coronavirus pandemic spread across the globe in early 2020, the European Central Bank as well as national governments in the euro area enacted or announced numerous economic policy measures to counteract the severe economic consequences of the resulting lockdowns. In this paper, the...
Persistent link: https://www.econbiz.de/10012231998
A common problem in estimating dynamic stochastic general equilibrium models is that the structural parameters of economic interest are only weakly identified. As a result, classical confidence sets and Bayesian credible sets will not coincide even asymptotically, and the mean, mode, or median...
Persistent link: https://www.econbiz.de/10011757054
Past financial crises and recessions have revealed the importance of the economy’s condition for the loan quality. Macroeconomic determinants of the non-performing loans have been attracting considerable attention in recent years. The aim of this paper is to organize and summarize studies...
Persistent link: https://www.econbiz.de/10012887740
Persistent link: https://www.econbiz.de/10011430778
Persistent link: https://www.econbiz.de/10012593413
Purpose: This paper is an analysis based on the comparison of the Greek Depression with the Great Depression of 1929 in the US. Design/methodology/approach: This analysis does neither focus on the pre-crisis period, nor on the manifestation of the crisis or the structural problems and economic...
Persistent link: https://www.econbiz.de/10012801939
Persistent link: https://www.econbiz.de/10010433983
The aim of this paper is to provide a Post-Keynesian view to economic theory as an alternative to traditional theory. Keynesian economics consists of an approach to economics derived mainly from the work of Keynes. It is grounded on the fields of observations of stylized facts of the economy and...
Persistent link: https://www.econbiz.de/10012210643