Results 81 to 90 of about 5,972 (232)
Metroeconomica, EarlyView.ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley +1 more source
Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages
Metroeconomica, EarlyView.ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley +1 more source
Racial Inequality, Growth and Distribution
Metroeconomica, EarlyView.ABSTRACT A post‐Keynesian‐Kaleckian model along structuralist lines is developed to incorporate the issue of racial inequality into the analysis of growth and distribution. It draws on ideas presented in the literature about the relationship between class inequality between capitalists and workers, and racial inequality between White and Black workers,
Amitava Krishna Dutt
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Metroeconomica, EarlyView.ABSTRACT This article places the work of Lance Taylor in the broader context of efforts in the 1980s to renew the structuralist tradition of development economics, into what was then newly coined as neo‐structuralism. These efforts centred around three groups: CEPAL, Lance Taylor and his team at MIT, and a group of economists based at the Institute of ...
Andrew M. Fischer
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What Are The Drivers of Labor Productivity in Italy?
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT This paper introduces a novel sign restriction identification within a structural Bayesian vector autoregression (VAR) to analyse how labour productivity responds to supply and demand shocks and to quantify the contribution of shocks to cyclical fluctuations.
Josué Diwambuena, Francesco Ravazzolo
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CCUS Technology and Carbon Emissions: Evidence from the United States
EnergiesCarbon Capture, Utilization, and Storage (CCUS) represents a vital technology for addressing pressing global challenges such as climate change and carbon emissions.
Min Thura Mon +2 more
doaj +1 more source
Subjective Models of the Macroeconomy: Evidence From Experts and a Representative Sample
AEA Randomized Controlled Trials, 2019 Using a sample of 2,200 households representative of the US population and a sample of more than 1,000 experts, we measure beliefs about how aggregate unemployment and in ation respond to different macroeconomic shocks.
Peter Andre +3 more
semanticscholar +1 more source
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT In VECMs (or CVARs), the weak exogeneity of some of the variables (for the long‐run parameters) is related to the equilibrium adjustment dynamics. This has sometimes led to the statistical concept of weak exogeneity being given a causal interpretation.
Emanuele Lopetuso, Michael P. Clements
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QUARTERLY OUTLOOK ON MONETARY, BANKING, AND PAYMENT SYSTEM IN INDONESIA: QUARTER I, 2016
Buletin Ekonomi Moneter dan Perbankan, 2016 The growth of domestic economy in Indonesia is lower than forecasted in first quarter of 2016. However, the economy is expected to revive and will grow higher in the next quarter, with a well maintained financial system stability.
TM Arief Machmud +6 more
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The Mental Health of the Young in Eastern Europe and Central Asia
Review of Development Economics, EarlyView.ABSTRACT We report on the wellbeing of the young in twenty‐eight countries located in Eastern Europe and Central Asia including fifteen post‐Soviet countries. We find no evidence of the decline in the mental health of the young relative to older people, which characterizes Western Europe and English‐speaking advanced economies. The mental health of the
David G. Blanchflower, Alex Bryson
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