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Towards money market in general equilibrium framework

Truong Hong Trinh - In: International Journal of Financial Studies : open … 10 (2022) 1, pp. 1-18

This paper aims to integrate the money market into the structure of the economy. The microfoundation is the starting point to define the money market and the general equilibrium mechanism of the economy. On this basis, this research seeks a linking mechanism of the money market with economic...

Persistent link: https://www.econbiz.de/10013040920

Society matters: a post-Keynesian approach to economic development

Marmissolle, Pablo - In: PSL quarterly review 77 (2024) 310, pp. 351-369

This paper discusses methodological individualism and the perceived "need" for microfoundations in economic theory. It … argues that the persistent focus on microfoundations has led a large part of the field to overlook the complexity of social … development. The paper suggested focusing on social foundations as an alternative to microfoundations that is particularly …

Persistent link: https://www.econbiz.de/10015191316

On optimal leader's investments strategy in a cyclic model of innovation race with random inventions times

Aseev, Sergey; Katsumoto, Masakazu - In: Games 11 (2020) 4/52, pp. 1-21

In this paper, we develop a new dynamic model of optimal investments in R&D and manufacturing for a technological leader competing with a large number of identical followers on the market of a technological product. The model is formulated in the form of the infinite time horizon stochastic...

Persistent link: https://www.econbiz.de/10012432372

Modelos de riesgo de crédito : aplicación práctica a un modelo de refinanciación de hipotecas

Barrera, Caro; Rafael, José - In: Revista de métodos cuantitativos para la economía y … 28 (2019), pp. 183-197

Facing an hypothetical, but increasingly, case of default risk on a mortgage or a fall in interest rates, an important issue raised by the borrower is the possibility of minimizing that risk by selecting the best refinancing option. In this paper, a mortgage refinancing model is presented,...

Persistent link: https://www.econbiz.de/10012258702

Product innovation investment under bankruptcy threat

Dawid, Herbert; Ippoliti, R.; Wen, Xingang - 2023

We analyze the effect of external financing and associated bankruptcy threat on the speed of product innovation in a market characterized by technological and demand uncertainty. In a dynamic market setting we characterize the optimal R&D investment strategy of a monopolistic incumbent firm that...

Persistent link: https://www.econbiz.de/10014285041

Toward the end of the Corporate Social Performance - Corporate Financial Performance debate

Soriano, Luis; Fong Reynoso, Carlos - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 24 (2023) 2, pp. 416-424

relevant changes were associated with the level of maturity of the Corporate Social Performance, micro-foundations approach …

Persistent link: https://www.econbiz.de/10014502217

Financial Distortions and the Distribution of Global Volatility

Eden, Maya - 2012

developed economies. These predictions are consistent with a wide variety of microfoundations, in which distortions cause … microfoundations. …

Persistent link: https://www.econbiz.de/10012550951

Does the Investment Climate Matter? Microeconomic Foundations of Growth in Latin America

Fajnzylber, Pablo; Guasch, J. Luis; L??pez, J. Humberto - 2012

This book aims to fill that gap by using extensive and new firm-level data. It provides an alternative, albeit complementary, approach to previous studies of the determinants of the region's growth performance, which are mostly based on cross-country regressions using aggregate data. This book...

Persistent link: https://www.econbiz.de/10012561315

Micro Efficiency and Macro Growth

Nallari, Raj; Bayraktar, Nihal - 2012

This paper is about micro foundations of productivity and growth. There are several studies on productivity for advanced economies but relatively few for developing countries. Using data from the investment climate surveys of the World Bank, estimation results from 45 developing countries,...

Persistent link: https://www.econbiz.de/10012551486

Microdynamics of Turkey's Export Boom in the 2000s

Cebeci, Tolga; Fernandes, Ana Margarida - 2014

This paper examines the microdynamics behind the dramatic export boom experienced by Turkey during the 2000s. Using disaggregated exporter-level customs data covering the universe of export transactions for Turkey during the period 2002–11, we characterize firm-level dynamics in the export...

Persistent link: https://www.econbiz.de/10012564321