Similar Search Results

What Happens If Central Banks Misdiagnose a Slowdown in Potential Output

Bakker, Bas Berend - 2019

In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output growth (which has shifted the Okun curve to the left). We...

Persistent link: https://www.econbiz.de/10012859859

Gender issues in Kaleckian distribution and growth models : on the macroeconomics of the gender wage gap

Hein, Eckhard - 2020

We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model and examine the effects of improving gender wage equality on income distribution, aggregate demand, capital accumulation and productivity growth. For the closed economy model,...

Persistent link: https://www.econbiz.de/10012213998

Lumpy Investment, Partial Adjustment and the Business Cycle: A Reconciliation.

Thomas, J.K. - Carnegie Mellon University, Tepper School of Business - 1999

Empirical research indicates that distributed lag specifications perform well in describing aggregate investment. Such specifications are typically rationalized through the assumption of convex adjustment costs that imply smooth partial adjustment of capital. However, much of the capital stock...

Persistent link: https://www.econbiz.de/10005102318

Dynamics in the Underground: Thought and Methodology in the Study of Investment Cycles.

Courvisanos, J. - School of Economics and Finance, Tasmanian School of … - 1998

Many quantitative studies have shown a stylised fact that fluctuations in business fixed investment dominate the business cycle pattern. The dynamics of the investment process have historically been seen as important elements of capital formation and economic progress. Why is it then that...

Persistent link: https://www.econbiz.de/10005478490

Overdeterminacy and endogenous cycles : Trygve Haavelmo's business cycle model and its implications for monetary policy

Anundsen, André K.; Krogh, Tord S. H.; Nymoen, Ragnar; … - 2011

This paper presents the business cycle model that Trygve Haavelmo developed as part of his research program in macroeconomic and monetary theory. Driven by a mismatch between the marginal return to capital and the rate of return required by capital owners, this model generates endogenous cycles....

Persistent link: https://www.econbiz.de/10010285598

Overdeterminacy and endogenous cycles: Trygve Haavelmo’s business cycle model and its implications for monetary policy

Kallåk Anundsen, André; Sigurd Holmsen Krogh, Tord; … - Økonomisk institutt, Universitetet i Oslo - 2011

Persistent link: https://www.econbiz.de/10008865950

European Union Economy System Dynamic Model Development

Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2012

The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...

Persistent link: https://www.econbiz.de/10011259562

Belgian business investment in the context of the crisis

Sloover, F. De; Burggraeve, K.; Dresse, L. - In: Economic Review (2012) II, pp. 29-44

Against the backdrop of the worst economic crisis since the Great Depression of the thirties, the article analyses developments in business investment in Belgium. Firstly, it should be noted that, in 2009, Belgian business investment witnessed the biggest slump since 1980. However, when this...

Persistent link: https://www.econbiz.de/10011272831

The interdependent relationship between the types of investments and income in Republic of Macedonia

Mojanoski, Goran; Georgievski, Marko; Mitevski, Viktor; … - In: Journal of contemporary economic and business issues 4 (2017) 2, pp. 51-61

In this paper, we study the interdependent relationship between three types of investments: foreign direct investments …, central government investments, and all other investments, and their role in the gross domestic product dynamics in the … that, in the long run, there is only one relationship in which all other investments are dependent variables. In it, the …

Persistent link: https://www.econbiz.de/10011862144

Inflationary Financing of Public Expenditure and Endogenous Growth in an Open Economy.

Palokangas, T. - Politiikan ja Talouden Tutkimuksen Laitos, … - 2000

This paper examines inflationary finance in an open growing economy where the existence of an informal sector distorts ordinary taxation, and where either public services or capital in the public sector is used as an input to private production. Public input is assumed to be rival and...

Persistent link: https://www.econbiz.de/10005625260