Catching-up and Credit Booms in Central and Eastern European EU Member States and Acceding Countries: An Interpretation within the New Neoclassical Synthesis Framework [PDF]
Credit to the private sector has risen rapidly in many Central and Eastern European EU Member States (MS) and acceding countries (AC) in recent years. The lending boom has recently been particularly strong in the segment of loans to households, primarily
Cezary Wójcik, Peter Backé
core
On the Scientific Status of Economic Policy: A Tale of Alternative Paradigms [PDF]
In the last years, a number of contributions has argued that monetary -- and, more generally, economic -- policy is finally becoming more of a science. According to these authors, policy rules implemented by central banks are nowadays well supported by a
Andrea Roventini, Giorgio Fagiolo
core
The changing interpretations of the flying geese model of economic development [PDF]
The flying geese model, a theory of industrial development in latecomer economies, was developed in the 1930s by the Japanese economist Akamatsu Kaname (1896–1974).
Mariko, Nakajima, Schröppel, Christian
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„THE NEW NEOCLASSICAL SYNTHESIS“ – NEW ECONOMIC TREND
This work deals with the objective prerequisites for the origin of the “new neoclassical synthesis” which is in the process of formation, goals, tasks; the need to use this new trend in the country’s economic policy is justified. An explanation is given to the organic linkage of the public sector economics with the “new neoclassical synthesis” and its ...
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Dynamic Interactions Between Health, Human Capital and Wealth
This paper proposes a dynamic economic model with health, human capital and wealth accumulation with elastic labor supply. The economic system consists of one industrial, one health, and one education sector.
Wei-Bin Zhang
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Graphical analysis of the new neoclassical synthesis [PDF]
In this paper we present a graphical analysis framework for the new neoclassical synthesis, which can be used to explain and interpret the behavior of the new neoclassical model under shocks. We elaborate the role of expectations on output and inflation as well as the influence of the monetary authority.
Giese, Guido, Wagner, Helmut
openaire
Keynesian theories of investment: neo-, post-, and new
The general objective of this piece is to analyze the formulations developed by three interpretative strands of Keynes’ investment theory, specifically with regard to the interrelationships between real and monetary-financial variables.
STEVEN FAZZARI
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Structural changes in economics during the last fifty years [PDF]
This essay portrays the major currents in recent economic thinking against the orthodoxy and dogmatism of neoclassical economics. It places behavioral economics, experimental economics, evolutionary economics, ecological economics, new institutional ...
Mishra, SK
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Propensity to Search: Common, Leisure, and Labor Models of Consumer Behavior [PDF]
The analysis of the propensity to search specifies the “common” or the ordinary model of consumer behavior based on the synthesis of the neoclassical approach with satisficing concept, and “leisure” and “labor” models of behavior that represent different
Sergey MALAKHOV
doaj
Marvin Goodfriend: economist and central banker. [PDF]
Marshall DA.
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