Results 161 to 170 of about 120,066 (291)

Discounting Nordhaus [PDF]

This paper evaluates Nordhaus’s neoclassical complaints about the Stern Review from the vantage point of classical growth theory. Nordhaus argues that the Stern Review exaggerates the effects of global warming because it uses a discount rate that is well
Thomas R. Michl
core  

How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right

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

Bank complexity and core competence of commercial banks in Vietnam: The buffer role of corporate social responsibility. [PDF]

PLoS One
Phung HQ, Duong KD, Truong PH, Pham AQ, Le HTP.   +4 more
europepmc   +1 more source

Testing Neoclassical Competitive Theory in Multi-Lateral Decentralized Markets+ [PDF]

This study presents results from a pilot field experiment that tests predictions of competitive market theory. A major advantage of this particular field experimental design is that my laboratory is the marketplace: subjects are engaged in buying ...
John A. List
core  

Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis

Metroeconomica, EarlyView.
ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
wiley   +1 more source

Measuring financial sector efficiency in China: A study based on an enhanced neoclassical production function. [PDF]

PLoS One
Zheng C, Shan Y.
europepmc   +1 more source

A neo-Ricardian critique of the traditional static theory of trade, customs unions and common markets [PDF]

The vast majority of meaningful discussions about the processes of economic integration and liberalization of trade have so far revolved around the neoclassical theory.
Mariolis, Theodore
core   +1 more source

Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes

Metroeconomica, EarlyView.
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

Rethinking Economic Measurement Using Statistical Ensembles. [PDF]

Entropy (Basel)
Abel C.
europepmc   +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