Showing 1 - 10 of 4,884
The paper presents a post-keynesian growth model in which (i) the mark-up rate varies in the long-term due to a misalignment between the actual rate and the 'anticipated' profit rate; and (ii) the capital-output ratio is not necessarily constant, on the contrary, it may shift as a result of the...
Persistent link: https://www.econbiz.de/10005056737
In this paper we formulate an economic model with tax evasion, corruption and taxes. In the first part the static model is considered, where there are a representative agent and a public institution. The public institution by its tax collectors detects the tax evasion and enacts a system of tax...
Persistent link: https://www.econbiz.de/10009293382
This paper analyses two types of models: 1. Those based on assumptions of monetary and financial market equilibrium disturbance in line with mainstream thinking that there is self-regulating market, the units would have rational expectations, and the crisis would be a temporary phenomenon caused...
Persistent link: https://www.econbiz.de/10010527416
This paper develops a neo-Kaleckian dynamical model that investigates how an increased financial instability affects the investment rate and the wage share of income in the long run. It is shown that a rising benchmark interest rate affects negatively the capital accumulation and the wage share...
Persistent link: https://www.econbiz.de/10011858468
This paper examines how variable output and profit share jointly determine investment and saving, while the difference between investment and saving determines the changes in output and profit share. Analysis of the resulting pair of differential equations yields novel implications for the...
Persistent link: https://www.econbiz.de/10012099871
We investigate monetary policy under the assumption that a country’s capital market is “open” under the WTO framework while the exchange rate is fixed. Our purpose is to determine if it is possible in this case for the economy to maintain an effective monetary policy for stabilizing the...
Persistent link: https://www.econbiz.de/10004984508
We analyze a discrete version of a simple Kaldor model. As is typical for Kaldor model we consider an S shaped investment function. This leads to either a one or three equilibria of the model. For simplicity reasons we do not consider an S shape saving function as assumed in the original Kaldor...
Persistent link: https://www.econbiz.de/10005036367
This thesis consists of four papers. The first three deal with deterministic chaos in exchange rate series whereas the fourth deals with technical analysis in the foreign exchange market. Paper [i] (
Persistent link: https://www.econbiz.de/10005651992
This paper examines how variable output and profit share jointly determine investment and saving, while the difference between investment and saving determines the changes in output and profit share. Analysis of the resulting pair of differential equations yields novel implications for the...
Persistent link: https://www.econbiz.de/10005321914
It has been argued,in the context of modern economies that there are many margins of compensation that could serve to mask the demand side impact of the deteriorated income distribution. Investment Exhilarationism was seen as one such mechanism that served to mask the impact of deteriorating...
Persistent link: https://www.econbiz.de/10008543409