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Regional development in the context of an innovation process

Gust-Bardon, Natalia Irena - 2012

The purpose of this paper is to identify main components and driving forces behind an innovation process in order to support regions in organising their endogenous innovation process. To that end, we study models of an innovation process and analyse the case of Sophia Antipolis. This theoretical...

Persistent link: https://www.econbiz.de/10010309828

Wage subsidies and international trade: When does policy coordination pay?

Braun, Sebastian; Spielmann, Christian - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-30, pp. 1-42

National labour market institutions interact across national boundaries when product markets are global. Labour market … studies the effects of wage subsidies in an international duopoly model with unionized labour markets. The authors document …

Persistent link: https://www.econbiz.de/10010309835

A DSGE model for a SOE with systematic interest and foreign exchange policy in which policymakers exploit the risk premium for stabilization purposes

Escudé, Guillermo J. - 2012

the domestic currency bond and the FX markets using two policy rules: a Taylor-type rule and a second rule in which the …

Persistent link: https://www.econbiz.de/10010310074

On the Necessity of Pairs and Triplets for the Equivalence between Rationality Axioms

He, Junnan - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-31, pp. 1-15

This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in the …

Persistent link: https://www.econbiz.de/10010310081

Circuit theory extended: The role of speculation in crises

Lancastle, Neil - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-34, pp. 1-27

This paper asks why modern finance theory and the efficient market hypothesis have failed to explain long-term carry …: An Integrated Approach to Credit, Money, Income, Production and Wealth, 2007) and the Theory of the Monetary Circuit to … enter investment markets and the system is precariously liquid/illiquid. In a Ponzi economy, where loans never get repaid …

Persistent link: https://www.econbiz.de/10010310322

The directional identification problem in Bayesian factor analysis: An ex-post approach

Aßmann, Christian; Boysen-Hogrefe, Jens; Pape, Markus - 2012

estimates. For Bayesian estimation, these identifying assumptions are usually implemented by imposing constraints on certain …

Persistent link: https://www.econbiz.de/10010310637

A terminological note on cyclotomic polynomials and Blaschke matrices

Offick, Sven; Wohltmann, Hans-Werner - 2012

In a recent paper, Mertens and Ravn (2010) study the effects of anticipated fiscal policy shocks in a structural vector autoregressive model. The authors maintain that (i) the lag polynomial associated with news shocks is a cyclotomic polynomial and (ii) the matrix B(L) which transforms a...

Persistent link: https://www.econbiz.de/10010310729

The value-added of sectoral disaggregation: Implications on competitive consequences of climate change policies

Alexeeva-Talebi, Victoria; Böhringer, Christoph; … - 2012

Global impact assessment of unilateral climate policies is commonly based on multi-sector, multi-region computable general equilibrium (CGE) models that are calibrated to consistent accounts of production, consumption, and bilateral trade flows. However, global economic databases such as GTAP...

Persistent link: https://www.econbiz.de/10010310857

Money creation and financial instability: An agent-based credit network approach

Lengnick, Matthias; Krug, Sebastian; Wohltmann, Hans-Werner - 2012

We pick up the standard textbook approach of money creation and develop a simple agent-based alternative. We show that our model is well suited to explain the endogenous creation of money. Although more general, our model still contains the standard results as a limiting case. We also uncover a...

Persistent link: https://www.econbiz.de/10010310887

Konstruktionsfehler von festen Wechselkurssystemen: Die Europäische Währungsunion als Musterbeispiel?

Weeber, Joachim - 2012

Wechselkurssysteme werden als Mittel der Wirtschaftspolitik eingesetzt. So war es auch bei der Europäischen Währungsunion. Die Notwendigkeit dazu leiteten die Gründungsväter aus der wirtschaftspolitischen Realität der 'Nach-Bretton-Woods-Ära' ab. Bereits im Zuge des Abkommens der Staats-...

Persistent link: https://www.econbiz.de/10010310899