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Investigating the Contribution of the ICT Sectors Using the Input-Output Model Previous studies have been devoted to investigating the future of economic growth and examining the importance of technology and the ICT sectors in accelerating the growth of the economy. These studies are from a...
Persistent link: https://www.econbiz.de/10010304248
' General Theory of Employment, Interest and Money, in particular on the theory of interest and the multiplier. His attitude can …
Persistent link: https://www.econbiz.de/10010369478
Fiscal policy is widely criticized for its failure to act as a stabilizing countercyclical force in the European Monetary Union. Two periods should be distinguished: Prior to the Financial Crisis of 2008, when monetary policy had traction to pursue stability for the aggregate eurozone, fiscal...
Persistent link: https://www.econbiz.de/10010427209
A number of recent studies regress a "narratively" identified measure of a macroeconomic shock directly on an outcome variable. In this note, we argue that this approach can be viewed as the reduced-form regression of an instrumental variable approach in which the narrative time series is used...
Persistent link: https://www.econbiz.de/10010435756
Die Debatte um Konsolidierung im Euroraum wird von der Frage dominiert, ob Konsolidierung dem Wachstum schadet. Der Beitrag gibt einen kurzen Überblick zum Diskussionsstand über die Zusammenhänge zwischen Konsolidierung und Wachstum. Darüber hinaus werden gängige Forderungen analysiert, die...
Persistent link: https://www.econbiz.de/10010464598
distribution. The cost of modifying existing models is low compared to the benefits. We find, analytically, that (1) the multiplier …
Persistent link: https://www.econbiz.de/10010513043
Keynes had many plausible things to say about unemployment and its causes. His "mercurial mind", though, relied on intuition, which means that he could not strictly prove his hypotheses. This explains why Keynes's ideas immediately invited bastardizations. One of them, the Phillips curve...
Persistent link: https://www.econbiz.de/10010513068
or analytical framework integrates the Keynesian multiplier into Leontief's traditional model. Empirically, we apply our …
Persistent link: https://www.econbiz.de/10010520529
same city with a simple model. The model predicts a significant positive local employment multiplier that increases in size … city with 3.7% unemployment the average local employment multiplier is 0.91 for current inhabitants and 0.60 for migrants …. And in a city with 8.4% unemployment the average local employment multiplier is 1.82 for current inhabitants and 0.23 for …
Persistent link: https://www.econbiz.de/10011400415
the jobs multiplier effect in the high-tech sector is significantly different/higher than for almost any other sector … and significant local employment multiplier of 2.2 additional jobs. These results bear important implications for the …
Persistent link: https://www.econbiz.de/10011400627