pdf,402KB - Iowa State University Department of Economics
... This work studies an agent-based model (ABM) of endogenous growth and business cycles and explores its properties under different public policies impacting on supply, demand, and the “fundamentals” of the economy. We extend the model presented in Dosi et al. (2006, 2008), which we use also as a sort ...
... This work studies an agent-based model (ABM) of endogenous growth and business cycles and explores its properties under different public policies impacting on supply, demand, and the “fundamentals” of the economy. We extend the model presented in Dosi et al. (2006, 2008), which we use also as a sort ...
Stagflation - Annenberg Learner
... accepted policy for the government to fight unemployment by stimulating total demand. Often, inflation resulted. When that happened, the government shifted gears and clamped down on demand in order to decrease inflation. For five administrations the government more or less successfully practiced the ...
... accepted policy for the government to fight unemployment by stimulating total demand. Often, inflation resulted. When that happened, the government shifted gears and clamped down on demand in order to decrease inflation. For five administrations the government more or less successfully practiced the ...
Trade and Resource Sustainability with Overlapping
... policy is a subsidy that exacerbates the Tragedy of the Commons. Our dynamic model builds on Hassler et al. (2003), Conde-Ruiz and Galaso (2005) and Klein et al. (2008), papers that study dynamic games in OLG settings. Related models study dynamic recursive bargaining (Sorger, 2006). We extend Karp ...
... policy is a subsidy that exacerbates the Tragedy of the Commons. Our dynamic model builds on Hassler et al. (2003), Conde-Ruiz and Galaso (2005) and Klein et al. (2008), papers that study dynamic games in OLG settings. Related models study dynamic recursive bargaining (Sorger, 2006). We extend Karp ...
Towards a Theory of Sustainable Development
... In short, the idea of creating an enforceable contract was reduced to a radically simple form of communication. The other form of contract, the contract of sale, was a matter worked out by legal officials and stakeholders in actual market exchanges. The Roman law of contract of sale still forms the ...
... In short, the idea of creating an enforceable contract was reduced to a radically simple form of communication. The other form of contract, the contract of sale, was a matter worked out by legal officials and stakeholders in actual market exchanges. The Roman law of contract of sale still forms the ...
Microfoundations - EUR RePub - Erasmus Universiteit Rotterdam
... Another approach New Keynesian economists followed is to incorporate the literature on imperfect competition in macroeconomic models. Hart (1982), Blanchard and Kiyotaki (1987), Kiyotaki (1988) and d'Aspremont et al. (1990) are among the pioneering articles in this area. These models can explain why ...
... Another approach New Keynesian economists followed is to incorporate the literature on imperfect competition in macroeconomic models. Hart (1982), Blanchard and Kiyotaki (1987), Kiyotaki (1988) and d'Aspremont et al. (1990) are among the pioneering articles in this area. These models can explain why ...
Economic Development and Diaspora
... • Entrepreneurial families are often described as collective actors in which individuals do not follow selfish behaviors but adhere to the familial strategy. • Women in particular playa key role, functioning simultaneously as employees, children, too, are often expected to contribute. • Transnationa ...
... • Entrepreneurial families are often described as collective actors in which individuals do not follow selfish behaviors but adhere to the familial strategy. • Women in particular playa key role, functioning simultaneously as employees, children, too, are often expected to contribute. • Transnationa ...
as a PDF
... minerals used in industry, “construction” stands for mineral resources used for construction purposes. “Fossil fuels” refers to crude oil, coal, lignite, peat and natural gas. The accounts exclude water except for the water content of the above-mentioned materials. Material flow data were taken from ...
... minerals used in industry, “construction” stands for mineral resources used for construction purposes. “Fossil fuels” refers to crude oil, coal, lignite, peat and natural gas. The accounts exclude water except for the water content of the above-mentioned materials. Material flow data were taken from ...
The Evolution of Human Ecological Systems During the Period of
... a broad-ranging and difficult subject, and one that anthropology, for the most part, has eschewed and left to history and geography. However, anthropology, with its emphasis on holism and its insistence that societies be viewed as a system of interrelated parts, has much to offer in explaining what ...
... a broad-ranging and difficult subject, and one that anthropology, for the most part, has eschewed and left to history and geography. However, anthropology, with its emphasis on holism and its insistence that societies be viewed as a system of interrelated parts, has much to offer in explaining what ...
Schumpeter Meeting Keynes: A Policy
... This work studies an agent-based model (ABM) of endogenous growth and business cycles and explores its properties under different public policies impacting on supply, demand, and the “fundamentals” of the economy. We extend the model presented in Dosi et al. (2006, 2008), which we use also as a sort ...
... This work studies an agent-based model (ABM) of endogenous growth and business cycles and explores its properties under different public policies impacting on supply, demand, and the “fundamentals” of the economy. We extend the model presented in Dosi et al. (2006, 2008), which we use also as a sort ...
Theories of Development: A Comparative Analysis
... would then be self-sustaining. The tricks of economic growth and development, therefore, are simply a matter of increasing national savings and investment. The main obstacle to or constraint on development, according to this theory, was the relatively low level of new capital formation in most poor ...
... would then be self-sustaining. The tricks of economic growth and development, therefore, are simply a matter of increasing national savings and investment. The main obstacle to or constraint on development, according to this theory, was the relatively low level of new capital formation in most poor ...
LSIS Brief Guide - UK Government Web Archive
... more than £3 billion ploughed into research and development (p. 12). However, the UK has two major shortcomings in the innovation field. Firstly, ’both UK-based businesses and the Government itself continue to invest less in R&D as a percentage of GDP than other comparator economies’ – a bit more th ...
... more than £3 billion ploughed into research and development (p. 12). However, the UK has two major shortcomings in the innovation field. Firstly, ’both UK-based businesses and the Government itself continue to invest less in R&D as a percentage of GDP than other comparator economies’ – a bit more th ...
P.S. 1 solutions - University of California, Berkeley
... label all curves and relevant points in your graph. In the area to the left of your graph, explain why you think your graph is correct. In that area, also answer the questions asked. a. Gasoline: Fracking, a technological development that allows low cost oil extraction from large parts of the United ...
... label all curves and relevant points in your graph. In the area to the left of your graph, explain why you think your graph is correct. In that area, also answer the questions asked. a. Gasoline: Fracking, a technological development that allows low cost oil extraction from large parts of the United ...
Hátrányos helyzetből előnyök
... more, and it is not worth operating the public services. In order to ease the tension, the local population can make a choice of shouldering the higher expenditure, increasing selfsufficiency and/or lowering their level of demand, or moving away from the region. After a certain age the latter one is ...
... more, and it is not worth operating the public services. In order to ease the tension, the local population can make a choice of shouldering the higher expenditure, increasing selfsufficiency and/or lowering their level of demand, or moving away from the region. After a certain age the latter one is ...
Forecast of Economic Growth by Time Series and Scenario Planning
... Ying used ARIMA model according to time data materials of actual GDP in China to make analysis and prediction over the national GDP growth pattern [11]. Macroscopic control group of economics institute in China Academy of Social Science used ARIMA model to predict the economic growth rate of China d ...
... Ying used ARIMA model according to time data materials of actual GDP in China to make analysis and prediction over the national GDP growth pattern [11]. Macroscopic control group of economics institute in China Academy of Social Science used ARIMA model to predict the economic growth rate of China d ...
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... transitional period during which intergenerational equity fails to prevail. This is because, as in the previous case, the earlier generations during this transitional period will be worse off than later generations who in turn will be less well off than those living in the steady state, with the pre ...
... transitional period during which intergenerational equity fails to prevail. This is because, as in the previous case, the earlier generations during this transitional period will be worse off than later generations who in turn will be less well off than those living in the steady state, with the pre ...
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... 1999), as reflected in the absence of any correlation impact on the preconditions for mobile commerce. between use of the Internet and the adoption of a Technologies, as well as institutions and regulatory formal e-commerce strategy by European firms. In conditions, are changing fast, and the scope ...
... 1999), as reflected in the absence of any correlation impact on the preconditions for mobile commerce. between use of the Internet and the adoption of a Technologies, as well as institutions and regulatory formal e-commerce strategy by European firms. In conditions, are changing fast, and the scope ...
Elhanan Cambridge, MA 02138
... to the point, a lack of satisfactory research results), and the availability of new tools. As far as events are concerned, there is the decline of output growth in the 1970s that was associated with a productivity slowdown. During those years the volume of world trade declined for the first time sin ...
... to the point, a lack of satisfactory research results), and the availability of new tools. As far as events are concerned, there is the decline of output growth in the 1970s that was associated with a productivity slowdown. During those years the volume of world trade declined for the first time sin ...
Sustainable Development: Between Moral Injunctions and Natural
... the other that draws attention to natural limits on growth. The two approaches are often opposed, perhaps too hastily. One might also consider that the two ideas may feed a dialogue where principles—for example, a concern for intergenerational equity—are called into question because of the practical ...
... the other that draws attention to natural limits on growth. The two approaches are often opposed, perhaps too hastily. One might also consider that the two ideas may feed a dialogue where principles—for example, a concern for intergenerational equity—are called into question because of the practical ...
Macroeconomics - Nuffield College, University Of Oxford
... ‘Productivity Growth isn’t everything, but in the longrun, it is almost everything’, Paul Krugman, 1990. • Unemployment and business cycles are important in explaining short and medium run growth, but play almost no rôle in the long-run: in the long-run, national output is determined by supply. • In ...
... ‘Productivity Growth isn’t everything, but in the longrun, it is almost everything’, Paul Krugman, 1990. • Unemployment and business cycles are important in explaining short and medium run growth, but play almost no rôle in the long-run: in the long-run, national output is determined by supply. • In ...
Keynes and Polanyi: the 1920s and the 1990s - IEIM-UQAM
... The 1990s witnessed an attempt to accelerate policies initiated in the early 1980s, designed to recreate the ‘golden age’ of 1870--1914 promoted and marketed as ‘globalisation’. The ‘neo-liberal’ project is the creation of an all-embracing ‘free’ global market for goods, services and capital -- but ...
... The 1990s witnessed an attempt to accelerate policies initiated in the early 1980s, designed to recreate the ‘golden age’ of 1870--1914 promoted and marketed as ‘globalisation’. The ‘neo-liberal’ project is the creation of an all-embracing ‘free’ global market for goods, services and capital -- but ...
The Macroeconomist as Scientist and Engineer
... By the late 1960s, cracks in the Keynesian consensus were starting to appear. Those cracks would grow into fissures, which would eventually crumble the macroeconomic consensus and undermine confidence in the mainstream econometric models. In its place, a more classical view of the economy would reem ...
... By the late 1960s, cracks in the Keynesian consensus were starting to appear. Those cracks would grow into fissures, which would eventually crumble the macroeconomic consensus and undermine confidence in the mainstream econometric models. In its place, a more classical view of the economy would reem ...
Arne Heise - WiSo-Fakultät
... the refutation needed to be rigorous. Before we start scrutinizing the arguments put forward in that debate, let us first take a closer look at the meaning and derivation of Walras’ law. Leon Walras’ intention was to show (or, rather, to prove mathematically) that there may exist a system of relativ ...
... the refutation needed to be rigorous. Before we start scrutinizing the arguments put forward in that debate, let us first take a closer look at the meaning and derivation of Walras’ law. Leon Walras’ intention was to show (or, rather, to prove mathematically) that there may exist a system of relativ ...
Post-Hegemonic US Economic Hegemony
... (including Crotty 1990, Itoh and Lapavitsas 1999, and Skott 1989) have combined these authors’ insights in theoretical models incorporating financial and labor dynamics. This essay, by contrast, takes an empirical approach. It shows first that Minsky and Kalecki explain key aspects of post-War U.S. ...
... (including Crotty 1990, Itoh and Lapavitsas 1999, and Skott 1989) have combined these authors’ insights in theoretical models incorporating financial and labor dynamics. This essay, by contrast, takes an empirical approach. It shows first that Minsky and Kalecki explain key aspects of post-War U.S. ...