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Limits on information have deep economic impact and affect the conduct of economic policy. In the present paper we explore the effect of substantive uncertainty. A macro model is then derived in order to make this condition work at micro economic level too: the investment function implies an...
Persistent link: https://www.econbiz.de/10005063122
The paper discusses the dynamic properties of a macro model with an investment function based upon both real and financial aspects and a labor market ruled by imperfect competition. The model is then enriched by a monetary policy rule and by agents who forecast according to a time series...
Persistent link: https://www.econbiz.de/10005063130
The objective of the study is to test the hypothesis that growth in a worker’s competency level is affected by a number of educational, training and workplace features. The focus is on the expressed competencies. Our findings show the strong statistical significance of five variables...
Persistent link: https://www.econbiz.de/10008828458