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Animal Spirits and Credit Cycles [PDF]
SSRN Electronic Journal, 2013 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
De Grauwe, Paul, Macchiarelli, Corrado
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Animal spirits and monetary policy [PDF]
Economic Theory, 2008 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Paul Grauwe +2 more
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Testing the animal spirits theory for ethical investments: further evidence from aggregated and disaggregated data [PDF]
Annals of Operations Research, 2022 Fredj Jawadi +2 more
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Increasing Returns and Animal Spirits [PDF]
American Economic Review, 1989 The purpose of this note is to simply point out that the multiplicity, intrinsic of course to the presence of non-convexities, characterizes the models of growth with external increasing returns which have been studied recently, and, more importantly, to show that the many competitive equilibria which often arise in those models can be interpreted as ...
Weil, Philippe
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American Economic Review, 1990 This paper constructs a stationary rational-expectations equilibrium in which an extraneous random variable, called animal spirits, causes fluctuations in unemployment. The model assumes costly matching in the labor market and a thin-market externality in the output market that makes the profitability of hiring depend positively on the number of firms ...
Howitt, Peter, McAfee, R Preston
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Search and Offshoring in the Presence of 'Animal Spirits' [PDF]
SSRN Electronic Journal, 2009 In this paper, we introduce two sources of unemployment in a two-factor general equilibrium model: search frictions and fairness considerations. We find that a binding fair-wage constraint increases the unskilled unemployment rate and can at the same time lead to a higher unemployment rate for skilled workers, as compared to an equilibrium where ...
Mitra, Devashish, Ranjan, Priya
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Confidence, Crashes and Animal Spirits [PDF]
The Economic Journal, 2011 This article is an attempt to reformulate what I take to be two key insights from Keyness General Theory (Keynes, 1936). The first is that there is something profoundly different about the labour market from most other markets in the economy. The second is that the beliefs of participants in the asset markets have an independent influence on economic ...
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Philosophy, 2022 AbstractHegel conceives of human beings as both natural and spirited. On Robert Pippin's influential reading, we are natural by being ‘ontologically’ like other animals, but spirited through a ‘social-historical achievement’. I contest both the coherence of this reading and its fidelity to Hegel's texts.
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The Simple Dynamics of 'Animal Spirits'
, 2020 In the tradition of physiological psychology dating back to Wilhelm Wundt, an adaptation-level approach is taken to the level of economic certainty, as measured by the psychologically sensitive unemployment series. Unemployment levels ‘low’ relative to the adaptation level are shown to promote confidence — high ‘animal spirits’ — while the converse ...
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