Search Results - subject:"Capacity utilization"

Hysteresis in the Normal Rate of Capacity Utilization : A Behavioural Explanation

Setterfield, Mark - 2019

Kaleckians describe a normal rate of capacity utilization that is subject to hysteresis effects. This means that the … normal rate varies directly with the actual rate of capacity utilization, ensuring that steady-state equilibrium conditions … in the Kaleckian model are fully adjusted (the actual and normal rates of capacity utilization are equalized) but without …

Persistent link: https://www.econbiz.de/10012868603

Tolerable Ranges of Variation in the Rate of Capacity Utilization and Corridor Instability : A Reply to Florian Botte

Setterfield, Mark - 2019

utilization and a tolerable interval of variation in the actual rate of capacity utilization around the normal rate in Setterfield …This reply to Botte (2019) responds to criticisms of the methods used to estimate the normal rate of capacity …

Persistent link: https://www.econbiz.de/10012869549

Capacity Constraints and Service Quality : Do Airport Slot Controls Reduce Flight Delays?

Luttmann, Alexander - 2019

Slot controls (restrictions on the number of departing and arriving flights) are implemented at over 200 capacity constrained airports worldwide to mitigate persistent congestion and delays. However, evidence is limited regarding the effectiveness of these policies. This paper uses a...

Persistent link: https://www.econbiz.de/10012870776

Slack and Cyclically Sensitive Inflation

Stock, James H. - 2019

We investigate the flattening Phillips relation by making two departures from standard specifications. First, we measure slack using real activity variables that are bandpass filtered or year-over-year changes in activity (these are similar), instead of gaps. Second, we study the components of...

Persistent link: https://www.econbiz.de/10012479936

Labor market slack and the output gap : the case of Korea

Hansen, Niels-Jakob Harbo; Mongardini, Joannes; Zhang, Fan - 2019

Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many...

Persistent link: https://www.econbiz.de/10012102193

Do firm's organisational slacks influence the relationship between corporate lobbying and corporate financial performance? : more is not always better

Lin, Woon Leong - In: International Journal of Financial Studies : open … 7 (2019) 1/2, pp. 1-23

A political involvement in any organisation has often proved to be profitable for such firms that are seeking support and favourable regulatory conditions. Though many studies have investigated the effect of the corporate lobbying activities on the organisations, no clear results have been...

Persistent link: https://www.econbiz.de/10011964124

Indicator-based estimates of the output gap in the euro area

Weiske, Sebastian - 2019

The output gap is a key variable of business cycle analysis and policy. Obtaining reliable estimates for it, is very difficult, though. Most real-time estimates are frequently revised over time. The idea of this paper is to use various indicators, for example from business surveys, that (i) were...

Persistent link: https://www.econbiz.de/10012309596

Investment, autonomous demand and long run capacity utilization : an empirical test for the Euro Area

Gallo, Ettore - 2019

diffierence between the models is recognized to be the role attached to the rate of capacity utilization in the long run. Second … actual rate of capacity utilization and its discrepancies from the normal rate is empirically assessed, through a time … demand and output in the long run, the results show that the dynamics of the rate of capacity utilization still plays a key …

Persistent link: https://www.econbiz.de/10011984077

No One is Alone : Strategic Complementarities, Capacity Utilization, Growth, and Distribution

Petach, Luke; Tavani, Daniele - 2019

A longstanding criticism to Keynesian and Kaleckian growth theories is the question: why would firms operating with underutilized capacity accumulate capital stock? Our answer hinges on firms’ utilization choices depending on their beliefs about the level of demand, as captured by aggregate...

Persistent link: https://www.econbiz.de/10014116286

Underutilized potential : the business costs of unreliable infrastructure in developing countries : Lifelines: the Resilient Infrastructure Opportunity : background paper

Rentschler, Jun; Kornejew, Martin; Hallegatte, Stéphane; … - 2019

disruptions on the capacity utilization rates of firms. The estimates suggest that utilization losses amount to 151 billion dollar …

Persistent link: https://www.econbiz.de/10012052026