Heterodox modeling: practicing well-tuned provisioning or commoning with networked multi-agent environments. [PDF]
Miyazaki S.
europepmc +1 more source
Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes
ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley +1 more source
Quantum-like architecture of the social atom: mental marker coherence and the triple-resonance mechanism of cognitive activation. [PDF]
Khrennikov A, Aspalter C, Zhan L.
europepmc +1 more source
Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages
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
Internet Penetration and Leisure Activity Entropy: A Macro-Micro Integrated Analysis. [PDF]
Li H, Dai J.
europepmc +1 more source
Intergenerational altruism and neoclassical growth models [PDF]
This paper surveys intergenerational altruism in neoclassical growth models. It first examines Barro's approach to intergenerational altruism, whereby successive generations are linked by recursive altruistic preferences.
Michel, Philippe +2 more
core
Racial Inequality, Growth and Distribution
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
wiley +1 more source
Measuring financial sector efficiency in China: A study based on an enhanced neoclassical production function. [PDF]
Zheng C, Shan Y.
europepmc +1 more source
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
wiley +1 more source
Do government outlays crowd-out private consumption? Evidence from the European Union. [PDF]
Bölükbaşı ÖF, Çolak O.
europepmc +1 more source

