Showing 14,741 - 14,750 of 15,106
This article examines the long run relationship between economic growth and stock prices for Canada and the United States through cointegration estimation procedure, and it implements the Vector Error Correction Models (VECM) to abstract simultaneously the short- and long-run information in the...
Persistent link: https://www.econbiz.de/10005619870
The current macro-economic crisis can be diagnosed as repressed stagflation bursting into the open. The Obama Administration and EU stimulus packages prevent economic collapse but do not tackle stagflation itself yet. Without proper measures, a protracted period of high unemployment or high...
Persistent link: https://www.econbiz.de/10005619928
We provide an operational identification of the complete class of superlative index numbers to track the exact aggregator functions of economic aggregation theory. If an index number is linearly homogeneous and a second order approximation in a formal manner that we define, we prove the index to...
Persistent link: https://www.econbiz.de/10005620202
An intermediate level macroeconomics textbook that develops the core elements of modern macroeconomic theory in easily digestible bits using indifference curves, budgets constraints, and simple math. Core ideas and applications are stressed throughout.
Persistent link: https://www.econbiz.de/10005621293
A thorough discourse on the underlying issues confronting the U.S. economy, as well as proposals for fixing the crisis. The proposed solutions include placement of soldiers who wish to remain federally employed in a public works program upon return from the Middle East, replacement of free trade...
Persistent link: https://www.econbiz.de/10005621345
The author starts from the assumption that Croatia will access the European Union. Following assumption, he analyzes the possible scenarios of Croatian strategy based on the achievements the country’ s monetary policy, on the degree of acceptance of the convergence criteria and on...
Persistent link: https://www.econbiz.de/10005621538
Abstract. This paper deals with a still unresolved issue - credit creation and control- in an interest free banking system. The available literature on the subject is scanty, controversial and inconclusive. The paper holds that credit creation per se is not un-Islamic; the essential point is how...
Persistent link: https://www.econbiz.de/10005622107
We formulate and estimate a small New Keynesian model for the Israeli economy. Our goal is to construct a small but still realistic model that can be used to support the inflation targeting process. The model contains three structural equations: An open economy Phillips curve for CPI inflation...
Persistent link: https://www.econbiz.de/10005622194
The goal of this paper is to examine the shape of the Laffer curve quantitatively in a simple neoclassical growth model calibrated to the US as well as to the EU-15 economy. We show that the US and the EU-15 area are located on the left side of their labor and capital tax Laffer curves, but the...
Persistent link: https://www.econbiz.de/10005652787
We develop a Shumpeterian theory of business cycles that relates job creation, job destruction and wages over the cycle to the processes of firm restructuring, innovation and implementation that drive long-run growth. Due to incentive problems, production workers are employed via relational...
Persistent link: https://www.econbiz.de/10005653098