Dieser kurze Text bietet eine kursorische Einführung in die klassische ökonomische Verhaltenstheorie, die auf der Kunstfigur des homo oeconomicus beruht. Es wird versucht die konzeptionellen Grundlagen des Modells darzulegen, die wesentlichen Intuitionen des Modells zu vermitteln und zentrale...

The results of the Bhaduri-Marglin model build on the assumption of an exogenous profit share. The present paper examines critically the robustness of these results by asking how its results change if we take the endogeneity of the profit share into account. In doing so, the constituents of the...

When discussing the employment effects of minimum wages, mainstream economic discussion as well as mainstream economics textbooks mainly center around two variations of the neoclassical model: the model of the competitive and the monopsonistic labor market. The current paper offers a different...

We use an agent-based stock-flow consistent model of a closed economy without technological change that considers different classes of households, status consumption and a Minskyan banking sector to analyze the relationship between rising saving rates, the accumulation and distribution of...

This paper proposes a 2-country stock-flow consistent agent-based model of a monetary union and exposes it to three supposed drivers of imbalances in the build-up to the Great Recession: unequal developments in investment, competitiveness and wages. The model has some innovative features: It...

The debate on the cyclical adjustment procedure of the debt brake has focused on problems with regards to potential output. The second key determinant of the cyclical budget component, however, has been neglected: the semi-elasticity of the budget balance, which measures the response of federal...

Die Konjunkturbereinigung des Budgetsaldos bestimmt im Rahmen der deutschen Schuldenbremse maßgeblich die maximal zulässige Nettokreditaufnahme des Bundes. Die Konjunkturkomponente erfordert eine Schätzung des gesamtwirtschaftlichen Produktionspotenzials in einer konjunkturellen Normallage...