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Sankey diagrams for macroeconomics: A teaching complement bridging undergraduate and graduate Macro [PDF]
Heliyon, 2022 There is a widespread call in the academy to teach macroeconomics more homogeneously at the graduate and undergraduate levels. Current state-of-the-art research in macroeconomics obliges teachers of graduate courses to focus on dynamic stochastic general
Gonzalo F. de-Córdoba +1 more
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On the Low Degree of Entropy Implied by the Solutions of Modern Macroeconomic Models [PDF]
Entropy, 2022 The non-causal (“forward-looking”) solution used routinely in academic macroeconomics may represent a violation of a law of entropy, namely that the direction of time is one way (from the past and towards the present), and that the variance of economic ...
Ragnar Nymoen
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The Yield Curve and Macroeconomic Dynamics [PDF]
SSRN Electronic Journal, 2007 We show that microfounded DSGE models with nominal rigidities can be successful in replicating features of bond yield data, including sizeable term premia and volatile long-term yields, which have previously been considered puzzling in general equilibrium frameworks.
Hördahl, Peter +2 more
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Kondratiev Waves and Macroeconomics [PDF]
AlterEconomics, 2022 Contemporary mainstream macroeconomics tends to ignore the phenomenon of K-waves in dynamic economic modelling. The relevance of this article lies in the fact that it describes the conditions in which it is possible to implement K-waves in macro- and ...
Vladimir I. MAEVSKY
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The Macroeconomic Dynamics of Demographic Shocks [PDF]
SSRN Electronic Journal, 2004 The paper employs an extended Yaari-Blanchard model of overlapping generations to study how the macroeconomy is affected over time by various demographic changes. It is shown that a proportional decline in fertility and death rates has qualitatively similar effects to capital income subsidies; both per capita savings and per capita consumption increase
Heijdra, B.J., Ligthart, J.E.
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Immigration, uncertainty and macroeconomic dynamics [PDF]
The World Economy, 2019 AbstractThis paper examines the macroeconomic effects of rising migration uncertainty in four advanced economies (i.e. US, UK, Germany and France). Migration uncertainty is first captured by the Migration Policy Uncertainty (MPUI) and the Migration Fear (MFI) news‐based indexes developed by Baker et al. (Immigration fears and policy uncertainty, 2015),
Michael Donadelli +3 more
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Self-Organized Criticality in Economic Fluctuations: The Age of Maturity
Frontiers in Physics, 2021 Self-Organized Criticality (SOC) has been proposed as a paradigm that may rationalize the emergence of macrofinancial fluctuations. The wave of innovative thinking sparked by this proposal continues to produce interesting contributions in many areas of ...
Claudio Tebaldi
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Consumption composition and macroeconomic dynamics [PDF]
The B.E. Journal of Macroeconomics, 2015 AbstractWe analyze the transitional dynamics of an economic model with heterogeneous consumption goods where convergence is driven by two different forces: the typical diminishing returns to capital and the dynamic adjustment in consumption expenditure induced by the variation in relative prices.
Alonso Carrera, Jaime +2 more
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Reflecting economic activity through ports: The case of Australia
Maritime Transport Research, 2021 With approximately 85% of global trade moved by sea, the relationship between ports and the economy has become symbiotic. Identifying and tracking this relationship is sought by both port economics and port forecasting literature.
Jason Angelopoulos +4 more
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Musings of a serial entrepreneur‐ reconciling theory with practice [PDF]
New England Journal of Entrepreneurship, 2003 To reminisce about my entrepreneurial career with appropriate self-importance, I might note that I have helped create companies and jobs. This contributes in a small way to economic growth.
Joseph E. Levangie
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