Showing 1 - 10 of 1,533
A dynamic general equilibrium model of the Italian economy is used to assess the impact of carbon taxation (or auctioned carbon permits), where additional revenue is used to cut either existing taxes on labour or on capital income. Simulation results do not support the existence of the so-called...
Persistent link: https://www.econbiz.de/10011335683
European countries: Belgium and Italy. We focus on the post-World War II period, taking as the main message of Keynesian …. The study shows that Belgium and Italy were two countries were Keynesian economics gained ground only relatively late. The … countries was the strong position of fundamentalist Keynesianism in the academic world in Italy, while in Belgium …
Persistent link: https://www.econbiz.de/10011506634
In this paper, we provide an overview of an emerging class of monotone map methods in analyzing distorted equilibrium in dynamic economies. In particular, we focus on proving the existence and characterization of competitive equilibrium in non-optimal versions of the optimal growth models. We...
Persistent link: https://www.econbiz.de/10010324915
Persistent link: https://www.econbiz.de/10010332252
properties of each single parameter in a DSGE model separately. In the case of France, Germany, and Italy our results point to … behavior for France, Italy, and Spain, while monetary policy in Germany seems to be stable over time. …
Persistent link: https://www.econbiz.de/10010294717
The carbon emissions abatement, undertaken by some countries, may induce other countries to increase their own emissions. This effect, known as "carbon leakage", may be due to rather different mechanisms. The simplest case is when outside countries do not change their environmental policies and...
Persistent link: https://www.econbiz.de/10011608812
Using Adam Smith's notion of an 'invisible hand', this extraordinary contribution identifies dogmatic versus pragmatic views of free markets. Published posthumously, with new contributions by Rod O'Donnell, Daniel B. Klein and Christopher Torr, this book outlines Mittermaier's main thesis and...
Persistent link: https://www.econbiz.de/10014321720
Ákos Navratil (1875-1952) is an outstanding theoretical economist from the first half of the 20th century. A selection of his works was published as volume 8 in the series Classics in Hungarian Economics (Old truths and new theories in economics by Ákos Navratil, (int., ed. by M. Hild)). The...
Persistent link: https://www.econbiz.de/10010494387
In this paper the view of humankind and nature upon which the thinking of Malthus is founded will be reflected on and contrasted with the opposed understanding of his contemporary Wordsworth. We show that the economic considerations of both are based decidedly on the premise of these views, and...
Persistent link: https://www.econbiz.de/10011422113
This book considers the relationship between Hayek and Mill, taking issues with Hayek's criticism of Mill and providing a broader perspective of the liberal tradition. Featuring contributions from the likes of Ross Emmett, Leon Montes and Robert Garnett, these chapters ask whether Hayek had an...
Persistent link: https://www.econbiz.de/10011902028