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Policy-induced boom in non-bank funding enabled prosperity in the technology sector and large corporate issuers. At the same time, income growth remained stagnant in low-to-middle-skill jobs and peripheral areas amid persistent job polarization, and combination of asset price appreciation and...
Persistent link: https://www.econbiz.de/10015260415
As well as a two-fold contribution to the literature as highlighted in their paper“, Financial Disruptions and the Cyclical Upgrading of Labor” (2017:8), and elaborated on by Epstein et al, the reconciliation of two quantitative limitations of current general equilibrium theories...
Persistent link: https://www.econbiz.de/10015257100
Implications of the digital economy and its impact on the Economics of Employment in the 21st Century are reflected through lower wages which have been fueled through the rise of Information Technology, with the consequential advents of phenomena such as the Fourth Industrial Revolution and the...
Persistent link: https://www.econbiz.de/10015264476
This paper studies the role of narratives for macroeconomic fluctuations. Microfounding narratives as directed acyclic graphs, we show how exposure to different narratives can affect expectations in an otherwise-standard macroeconomic framework. We identify such competing narratives in news...
Persistent link: https://www.econbiz.de/10015268144
Investment in Capital Markets creates a strategic vision on the financial capital investment in the capital markets with the aim to get an increased return premium in the short and long time periods. The book is written with a main goal to explain the pros and cons of the financial capital...
Persistent link: https://www.econbiz.de/10015255145
A study was carried out in Mitundu, Chiwamba and Chiponde EPAs to analyze the impact of donor and NGO activities on maize seed and fertilizer markets and food security in Malawi. Farmers, traders and officials were interviewed in both the production and trading activities. The study showed that...
Persistent link: https://www.econbiz.de/10015225049
The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and operation of the firm in such conditions, with the theories of income distribution, particularly among the macroeconomic aggregates of capital and labor. And formulating a working...
Persistent link: https://www.econbiz.de/10015234937
Under the background of the electronic security trading platform Xetra operated by Frankfurt Stock Exchange, we consider the Xetra auction market system (XAMS) from `bottom-up', which the interaction among heterogeneous traders and Xetra auction market mechanism generates non-equilibrium price...
Persistent link: https://www.econbiz.de/10015234989
This paper analyzes price collusion in a repeated game with two submarkets; a standard and a premium quality segment. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only, (ii) a segment-wide cartel in the standard submarket...
Persistent link: https://www.econbiz.de/10015235987
In this introduction, we briefly overview the topics covered by the contributions included in this special issue which, from different angles, deal with the organization and governance of social economy enterprises. Three different approaches are taken by the contributions to the special issue:...
Persistent link: https://www.econbiz.de/10015256957