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Hysteresis, endogenous growth, and monetary policy

Amador, Sebastián - 2022

I provide evidence of substantial hysteresis (i.e., a situation in which temporary shocks have longrun effects) from … identification by incorporating a mean-unbiased instrumental variable estimator. Results show substantial hysteresis in both human … long lasting responses. I evaluate the aggregate importance of monetary hysteresis with a growth accounting exercise …

Persistent link: https://www.econbiz.de/10013179301

The Long-Run Effects of Monetary Policy

Jordà, Òscar - 2020

. Notably, the capital stock and total factor productivity (TFP) exhibit hysteresis, but labor does not. Money is non …

Persistent link: https://www.econbiz.de/10012842574

General information product theory in economics science

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2015

The information, including the knowledge in the science, business and society, is being generated, transmitted, received and analyzed by the humans in the various countries over the centuries. The information is a most valuable asset in possession by the economic agents in the modern economies...

Persistent link: https://www.econbiz.de/10015247929

General information product theory in economics science

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2015

The information, including the knowledge in the science, business and society, is being generated, transmitted, received and analyzed by the humans in the various countries for many centuries. The generated information can be structured, coded, stored and retrieved, representing a most valuable...

Persistent link: https://www.econbiz.de/10015248001

Switching-track after the great recession

Vinci, Francesca; Licandro, Omar - 2021

We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, encompassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower...

Persistent link: https://www.econbiz.de/10012533939

Endogenous growth, skill obsolescence and output hysteresis in a New Keynesian model with unemployment

Lechthaler, Wolfgang; Tesfaselassie, Mewael F. - 2020

contractionary effect on output. The temporary growth slowdown translates into output hysteresis (permanently lower output and labor …

Persistent link: https://www.econbiz.de/10012269664

Endogenous technology, scarring and fiscal policy

Schmöller, Michaela - 2022

occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R …

Persistent link: https://www.econbiz.de/10013463787

Digital waves in economics

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2015

The recent discovery of the Ledenyov digital waves in the economies of scale and scope led to an origination of considerable scientific interest in the modeling of new types of the discrete-time digital signals generators for the business cycles generation in the macroeconomics. Article aims: 1)...

Persistent link: https://www.econbiz.de/10015247824

Digital waves in economics

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2015

Persistent link: https://www.econbiz.de/10015247928

Quantum macroeconomics theory

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2015

The quantum macroeconomics theory is formulated for the first time, assuming that the business cycle has the discrete-time oscillations spectrum in analogy with the electronics excitations discrete-time spectrum in the Bohr’s atom model in the quantum physics. The quantum macroeconomics theory...

Persistent link: https://www.econbiz.de/10015248279