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Towards Keynesian DSGD (isequilibrium) Modelling: Real-Financial Market Interactions with Heterogeneous Expectations Dynamics

Charpe, Matthieu; Flaschel, Peter; Hartmann, Florian; … - 2012

We consider an alternative modelling approach to the mainstream DSGE paradigm, namely basically a Dynamic Stochastic General Disequilibrium model of continuous adjustment processes on interacting real and financial markets. We introduce heterogeneous capital gain expectations (chartists and...

Persistent link: https://www.econbiz.de/10010460516

Monthly recession predictions in real time: A density forecast approach for German industrial production

Rietzler, Katja; Stephan, Sabine - 2012

In this paper we present a methodology which can help to improve the assessment of the current economic situation. We propose an approach which combines multivariate single equations to forecast the monthly growth rate of industrial production with a density forecast. This allows to estimate the...

Persistent link: https://www.econbiz.de/10010460518

Real-time Markov Switching and Leading Indicators in Times of the Financial Crisis

Theobald, Thomas - 2012

This paper uses several macroeconomic and financial indicators within a Markov Switching (MS) framework to predict the turning points of the business cycle. The presented model is applied to monthly German real-time data covering the recession and the recovery after the financial crisis. We show...

Persistent link: https://www.econbiz.de/10010460521

Keynesian, Classical and New Keynesian Approaches to Fiscal Policy: Comparison and Critique

Palley, Thomas I. - 2012

The short-run macroeconomic effectiveness of fiscal policy depends on the effect of policy on AD and the effect of AD on output. This paper examines how macroeconomic perspectives (Keynesian, Post Keynesian, monetarist, classical, new classical, and new Keynesian) describe the effect of AD on...

Persistent link: https://www.econbiz.de/10010460522

A (Post-) Keynesian perspective on "financialisation"

Hein, Eckhard - 2009

Post-Keynesian demand driven distribution and growth models, based on the notion of distribution conflict between different groups, have been critical regarding the macroeconomic effects of 'financialisation'. In the present paper, firstly, we attempt to identify theoretically and empirically...

Persistent link: https://www.econbiz.de/10010464402

Entscheidung als zeitliche Setzung: Über Narration, Fiktion, Erwartung und Zeitlichkeit in der Ökonomie

Priddat, Birger P. - 2014

Was in Märkten sich künftig ereignen wird, kann man nicht wissen, nur erwarten. Was man erwartet, wird in der Ökonomik probabilistisch eingearbeitet: als Risikoentscheidungen. Elena Esposito zufolge besteht unter Ökonomen aber ein fundamentales Missverständnis bezüglich der...

Persistent link: https://www.econbiz.de/10010464432

Stabile Allokationen und Matching-Märkte: Zum Nobelpreis für Wirtschaftswissenschaften an Lloyd S. Shapley und Alvin E. Roth

Kübler, Dorothea - In: Wirtschaftsdienst 92 (2012) 12, pp. 843-847

The Nobel prize in economics in 2012 was awarded to Lloyd S. Shapley and Alvin E. Roth for 'the theory of stable … foundations of the theory of stable allocations (in particular the celebrated deferred-acceptance algorithm) as well as the …-sided matching markets, such as school choice, labour markets and kidney exchange, relies on both theory as well as on empirical …

Persistent link: https://www.econbiz.de/10010471332

Cyber Money: Entwicklungstendenzen und Abwicklungstechniken im Internet

Dreher, Stefan - 1999

Persistent link: https://www.econbiz.de/10010475179

Anwendung neuronaler Netze in der Finanzwirtschaft

Bülent, Acig - 2001

Persistent link: https://www.econbiz.de/10010475181

Perspektiven und Grenzen des Einsatzes von Realoptionen zur Unternehmensbewertung

Skudlarek, Guido - 2001

Persistent link: https://www.econbiz.de/10010475182