Demand and productivity components of business cycles: Estimates and implications [PDF]
Standard stochastic growth models provide theoretical restrictions on output decomposition which can be used to investigate whether productivity shocks played a major role in observed business cycles.
Dufourt
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The debates on the representative firm and increasing returns: Then and now [PDF]
The paper reviews the debates on the representative firm and increasing returns which were initiated by Claphamís ìEmpty economic boxesî in 1922 and completed in the March 1930 symposium edited by Keynes in the Economic Journal with contributions by D.H.
S. Blankenburg, Harcourt, G.C.
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Monetary Policy in East Asia: Common Concerns [PDF]
The paper identifies and evaluates consequences for monetary policy of five features of East Asian development: export orientation, integrated regional trade, bank-dependent finance, the potential for persistent trade surpluses, and the aggressive ...
Marvin Goodfriend
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The new institutional economic approach to land development game: Integrating transaction cost and efficient institutional framework in synergic urban land use-transport development model. [PDF]
Heliyon, 2023 Das A, Roy S.
europepmc +1 more source
Credit booms, monetary integration and the new neoclassical synthesis
Credit to the private sector has risen rapidly in many new Central and Eastern European EU Member States (nMS) in recent years. The lending boom has recently been particularly strong in the segment of loans to households, primarily mortgage-based housing
Wójcik, Cezary, Backé, Peter
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How Do Monetary and Fiscal Policy Interact in the European Monetary Union? [PDF]
Formation of the Euro area raises new questions about the coordination of monetary and fiscal policy. Using a New Neoclassical Synthesis (NNS) model, we show that a common monetary policy, responding to area-wide aggregates, has asymmetric effects on ...
Robert E. Cumby +2 more
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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
Giorgio Fagiolo, Andrea Roventini
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From Old to New Neoclassical Synthesis: A Literature Review.
, 2011 Bu çalışmada, makro iktisatta son yüzyılda oluşan belli başlı teorik gelişmeler özetlenmiştir. Ekonomide yaşanan krizler her dönemde iktisat teorisine hakim anlayışın sorgulanmasına yol açmıştır.
Özlem Özkan +2 more
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Promoting antiretroviral therapy adherence habits: a synthesis of economic and psychological theories of habit formation. [PDF]
AIDS, 2021 Stecher C, Linnemayr S.
europepmc +1 more source
Dynamic General Equilibrium Models and the Beveridge-Nelson Facts [PDF]
Linear and Hodrick-Prescott detrending methods do not provide a good approximation of the business cycle when output contains a unit root. I use the multivariate Beveridge-Nelson decomposition to document the main patterns of US postwar business cycles ...
Dufourt
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