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Firms' heterogeneity, endogenous entry, and exit decisions
Totzek, Alexander - 2009
As GDP is highly correlated with both entering and exiting firms, we develop a totally microfounded DSGE model with endogenous firms entry as well as exit decisions. We show that the simplifying assumption of a constant firms' death rate made by the recent literature on DSGE modelling can lead...
Persistent link: https://www.econbiz.de/10003914203
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On the macroeconomic implications of firm dynamics, banking, and reputation
Totzek, Alexander - 2011
Since the publication of Keynes' "General Theory of Employment, Interest, and Money" in 1936 many new ideas and … combine elements of the Real Business Cycle literature such as rational expectations, microfoundations, and the concept of the … control for the inflation rate. Fourth, traditional New Keynesian approaches analyze the impacts of fiscal stimuli on standard …
Persistent link: https://www.econbiz.de/10008907265
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Konjunktur und Wachstum als Gegenstand der Wirtschaftstheorie : eine modelltheoretische und methodologische Beurteilung moderner makroökonomischer Erklärungsansätze aus evolutionsö...
Kersten, Marc - 2002
Entwicklung kausaler Erklärungsansätze mittelfristiger gesamtwirtschaftlicher Fluktuationen. Aufbauend auf der "Theorie realer … gleichzeitig mit einer Entfremdung von Theorie und Praxis einher; die Hilfsfunktion der Theorie für die Wirtschaftspolitik weicht …
Persistent link: https://www.econbiz.de/10011402164
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The conceptual flaw in the microeconomic foundations of dynamic stochastic general equilibrium models
Rogers, Colin - In: Review of political economy 30 (2018) 1, pp. 72-83
Persistent link: https://www.econbiz.de/10011882526
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Kinky perceived demand curves and Keynes-Negishi equilibria
Drèze, Jacques H.; Herings, Peter Jean-Jacques - 2007
Persistent link: https://www.econbiz.de/10003647595
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Kinky perceived demand curves and Keynes-Negishi equilibria
Drèze, Jacques H. (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003595730
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Kinky perceived demand curves and Keynes-Negishi equilibria
Drèze, Jacques H. (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003543696
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Kinky perceived demand curves and Keynes-Negishi equilibria
Drèze, Jacques H.; Herings, Peter Jean-Jacques - In: International journal of economic theory 4 (2008) 2, pp. 207-246
Persistent link: https://www.econbiz.de/10003723238
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Kinky Perceived Demand Curves and Keynes-Negishi Equilibria
Dreze, Jacques H. - 2007
The label quot;Keynes-Negishi equilibriaquot; is attached here to equilibria in a monetary economy with imperfectly competitive product and labor markets where business firms and labor unions hold demand perceptions with kinks - as posited in Negishi's 1979 book Microeconomic Foundations of...
Persistent link: https://www.econbiz.de/10012728674