Similar Search Results

Employer sanctions, and the welfare of native workers

Stark, Oded; Jakubek, Marcin - 2012

impedes production efficiency and, consequently, leads to a reduction in the wages of both illegal migrants and native workers …

Persistent link: https://www.econbiz.de/10010309224

Resolving sovereign debt crises: Opening or closing the tap?

Kohler, Wilhelm - 2012

This paper first describes the ingredients the present crisis in the euro zone and then evaluates the key options that policy makers face in resolving the crisis and avoiding similar crises in the future. I argue that the crisis should not be seen as caused by government profligacy alone. In...

Persistent link: https://www.econbiz.de/10010309225

Trade and the environment: The role of firm heterogeneity

Kreickemeier, Udo; Richter, Philipp M. - 2012

This paper derives a new effect of trade liberalisation on the quality of the environment. We show that in the presence of heterogeneous firms the aggregate volume of emissions is influenced not only by the long-established scale effect, but also by a reallocation effect resulting from an...

Persistent link: https://www.econbiz.de/10010309226

Order, displacements and recurring financial crises

Hoffmann, Andreas; Urbansky, Björn - 2012

The paper describes boom-and-bust cycles within Hayek's framework of order and aims to provide an understanding of recurring crises in recent financial history. We argue that a boom-and-bust cycle is initiated by a displacement that lowers the degree of (ex-post) plan coherence (or order) in an...

Persistent link: https://www.econbiz.de/10010309229

Journey into the unknown? Economic consequences of factor market integration under increasing returns to scale

Schäfer, Andreas; Steger, Thomas - 2012

What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. We set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level....

Persistent link: https://www.econbiz.de/10010309230

Distal embedding as a technology innovation network formation strategy

Paredes-Frigolett, Harold; Pyka, Andreas - 2012

Although the area of innovation economics dates back to the early twentieth century with the seminal contributions of Schumpeter (1911), it is only recently that governments have understood the role of a comprehensive approach towards public sector economics that puts innovation systems in the...

Persistent link: https://www.econbiz.de/10010309236

Foucault, Gouvernementalität und Staatstheorie

Biebricher, Thomas - 2012

Michel Foucault and the Governmentality Studies on the one hand and the more established frameworks of state theory on the …

Persistent link: https://www.econbiz.de/10010309297

Circuit theory extended: The role of speculation in crises

Lancastle, Neil - 2012

This paper asks why modern finance theory and the efficient market hypothesis have failed to explain long-term carry … Profits, 2010) and the Theory of the Monetary Circuit to give a mathematical representation of Minsky's Financial Instability …

Persistent link: https://www.econbiz.de/10010309299

Energieeffizienzpotenziale und staatlicher Lenkungsbedarf

Dobroschke, Stephan - 2012

energy efficiency. For this reason, an extensive review of actual research is being undertaken, followed by an elaboration on … the actual meanings of energy efficiency and the energy efficiency gap. On these grounds, an instrumental discussion on … how to successfully address energy efficiency reduction potentials is being conducted. From a political perspective, this …

Persistent link: https://www.econbiz.de/10010309486

Interactions in the New Keynesian DSGE models: The Boltzmann-Gibbs machine and social networks approach

Chen, Shu-heng; Chang, Chia-ling - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-26, pp. 1-32

The BoltzmannGibbs distribution is currently widely used in economic modeling. One of the applications is integrated with the DSGE (Dynamic Stochastic General Equilibrium) model. However, a question that arises concerns whether the BoltzmannGibbs distribution can be directly applied, without...

Persistent link: https://www.econbiz.de/10010309601