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Information stickiness in general equilibrium and endogenous cycles

Gomes, Orlando - 2012

Traditionally, observed fluctuations in aggregate economic time series have been mainly modelled as being the result of exogenous disturbances. A better understanding of macroeconomic phenomena, however, surely requires looking directly at the relations between variables that may trigger...

Persistent link: https://www.econbiz.de/10010310317

Information stickiness on general equilibrium and endogenous cycles

Gomes, Orlando - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-4, pp. 1-43

Traditionally, observed fluctuations in aggregate economic time series have been mainly modeled as being the result of exogenous disturbances. A better understanding of macroeconomic phenomena, however, surely requires looking directly at the relations between variables that may trigger...

Persistent link: https://www.econbiz.de/10010311637

Equivalence of utilitarian maximal and weakly maximal programs

Banerjee, Kuntal; Mitra, Tapan - 2009

For a class of aggregative optimal growth models, which allow for a non-convex and non-differentiable production technology, this paper examines whether the set of utilitarian maximal programs coincides with the set of weakly maximal programs. It identifies a condition, called the...

Persistent link: https://www.econbiz.de/10010292060

Two stages of economic development

Gong, Gang - 2016

macroeconomics and in the various "turning point" theories in development economics, including Lewis's dual economy theory, Kuznets …

Persistent link: https://www.econbiz.de/10011688651

History of economic thought's place in macroeconomics revisited

Laidler, David E. W. - 2023

The History of Economics Society was founded at a time when the History of Economic Thought was being expelled from the … Economics post-graduate curriculum in many universities, and was one of the key institutions around which the sub …-discipline successfully re-organised itself and continued to develop. Laidler (2003) argued that Economics itself, especially Macroeconomics …

Persistent link: https://www.econbiz.de/10014545999

Short-run macro after the crisis: The end of the 'new' neoclassical synthesis?

Landmann, Oliver - 2014

The Financial Crisis of 2008, and the Great Recession in its wake, have shaken up macroeconomics. The paradigm of the 'New' Neoclassical Synthesis, which seemed to provide a robust framework of analysis for short-run macro not long ago, fails to capture key elements of the recent crisis. This...

Persistent link: https://www.econbiz.de/10010427210

La tasa de variación del PIB en un modelo simple de determinación de la renta

Escartin, Eduardo; Velasco, Francisco; González-Abril, Luis - In: Revista de Métodos Cuantitativos para la Economía y … 23 (2017), pp. 210-220

Persistent link: https://www.econbiz.de/10011995033

The review of theories of mainstream economics on the example of economic models

Wolska, Grazyna - 2014

Regardless of the fact that economics distinguishes itself from other social sciences by a high level of formal …

Persistent link: https://www.econbiz.de/10012232280

Fiscal policy tracking design in the time frequency domain using wavelet analysis

Crowley, Patrick M.; Hudgins, David - 2014

In this paper discrete wavelet filtering techniques are applied to decompose macroeconomic data so that they can be simultaneously analyzed in both the time and frequency domains. The MODWT (Maximal Overlap Discrete Wavelet Transform) is applied to U.S. quarterly GDP data from 1947–2012 to...

Persistent link: https://www.econbiz.de/10012148238

The socioeconomic impact of COVID-19 on Eastern European countries

Dykas, Paweł (contributor); Wisła, Rafał (contributor) - 2022

"The year 2020 went down in economic history due to the dramatic and drastic changes in economic and social conditions that resulted from the outbreak of the global pandemic of COVID-19. This book offers a multi-level narrative about the pandemic, written from national and international...

Persistent link: https://www.econbiz.de/10014280279