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Contractionary effects of foreign price shocks (and potentially expansionary effects of inflation)

Nikiforos, Michalis; Grothe, Simon - 2023

Using the model proposed in Krugman and Taylor's "Contractionary effects of devaluation" (1978), we examine what macroeconomic effects of shocks to foreign prices. We show that these shocks can be contractionary for two reasons: (i) because they imply a loss of income if an economy has a trade...

Persistent link: https://www.econbiz.de/10014331852

The endogeneity-to-demand of the national emergency utilization rate

Nikiforos, Michalis - 2021

The paper provides an empirical discussion of the national emergency utilization rate (NEUR), which is based on a "national emergency" definition of potential output and is published by the US Census Bureau. Over the peak-to-peak period 1989-2019, the NEUR decreased by 14.2 percent. The paper...

Persistent link: https://www.econbiz.de/10012548209

Notes on the accumulation and utilization of capital : some empirical issues

Nikiforos, Michalis - 2020

This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity … utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution … determined distribution (along classical lines). Second, it responds to some recent criticism by Girardi and Pariboni (2019). I …

Persistent link: https://www.econbiz.de/10012208160

Markups, profit shares, and cost-push-profit-led inflation

Nikiforos, Michalis; Grothe, Simon; Weber, Jan - 2024

we know about the price-setting behavior of firms, income distribution, and inflation. We do that in juxtaposition to two … heterogeneity across sectors or the position of the firms in the distribution of markups. …

Persistent link: https://www.econbiz.de/10014449786

Demand, distribution, productivity, structural change, and (secular?) stagnation

Nikiforos, Michalis - 2020

The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other …

Persistent link: https://www.econbiz.de/10012165405