Real business-cycle theory
Real Business Cycle Theory A Systematic Review
... To model the observed weak correlation between labor hours and the return to working, several strategies 32 emerged. The strategy pursued by Christiano and Eichenbaum (1992) was to simply abandon the one-shock model of ...
73
Economics: The logic & scientific distortion
... Austrian Business Cycle method is not to be confused with “Real Business Cycle ...Austrian Business Cycle proclaims malinvestment is encouraged through some false signal ...
19
Business cycle: From birth to the Austrian school theory
... Cu puternice rădăcini în „Principiile economice” ale lui Menger, mai întâi Mises şi puţin mai târziu, cu seminificative îmbunătăţiri şi contribuţii, Hayek au reuşit să prezinte într-un mod cât de poate de clar mecanismul ...
7
Two Essays in Business Cycle Theory
... prospect theory that losses in financial returns are critical to consumers, and such losses occur during the course of business cycles and can be used to measure the cost of these ...to business ...
52
Business Cycle and Small Business
... The theory of business cycles has evolved over the past few ...current business cy- cle theorists agree that cycles result, not from a naturally recurring cycle in economic variables, but from ...
7
Wage, Productivity and Unemployment Microeconomics Theory and Macroeconomic Data
... Thurow (1968) provides some insight. The wedge exists because: (1) Taxes can create a wedge if the incidence of the indirect taxes is on labor. (2) Monopoly power can explain differences between the marginal product of ...
29
Theory Analysis of Total Factor Productivity, Real Business Cycle Model and Economic PolicyAnyalezu, N. Kirk Guthlac
... This study has provided a comprehensive literature survey covering TFP and RBC models. Through this process, there is a perception of an acceptance that TFP is important. This is more so given that increasing ...
11
Real wages in the business cycle: an unresolved conflict between theory and facts in mainstream macroeconomics
... macroeconomic theory in recent decades may to a considerable extent be seen as a long and cumbersome attempt to escape the “tyranny” of the downward sloping labour-demand curve and hence also to ove rcome the ...
31
Estimating baseline real business cycle models of the Australian economy
... economic theory provides informa- tion about the moments but does not provide information about the distri- bution from which shocks are ...economic theory it is not possible to use maxi- mum likelihood or ...
38
Oil Price Shocks, Durables Consumption, and China’s Real Business Cycle
... driving business cycle fluctua- tions in ...for business cycle theory, oil price shocks belong to the supply-type of real business ...RBC theory with technology ...
24
Randomness, Determinism and Undecidability in the Economic cycle Theory
... classic theory has produced the real RBC business cycle theory and the stochastic models of general dynamic DSGE ...the business cycles are the result of random and exogenous ...
20
The Rise and Fall of the Subsistence Fund as a Resource Constraint in Austrian Business Cycle Theory
... a real resource constraint which the monetary authorities should account for if they want to avoid major economic breakdowns has been argued most forcefully by the Austrian School since Ludwig von Mises formulated ...
27
The effect of real shocks on business cycle fluctuations A Bayesian panel vector autoregressive approach
... shock. Real wage also declines as labour supply ...to theory an increase in working hours tends to bring about increased productivity and ...as real wages and wealth decline it has a negative effect ...
20
A Framework for the Appraisal of Economic Crises
... Classical theory gives birth to a Real Business Cycle (RBC) ...word real applies because real shocks are emphasized, and the model is classical because it honors the supply side ...
22
The Allocation of Talent: Evidence from the Market of Economists
... Specifically, we entered the names and given names of all researchers contained in our database and extracted all recorded publications with journal title, number of pages and the number and identity of coauthors in the ...
84
Boewer, Uwe (2007): Synchronisation of business cycles in the enlarged European Union. Dissertation, LMU München: Volkswirtschaftliche Fakultät
... of cycle synchronisation in the context of European monetary ...the business cycles of some country pairs are more synchronised than others and whether the importance of these mechanisms have increased or ...
194
Sex and the Business Cycle
... untrimmed counterparts, we can conclude that segmentation plays a role. The results will not, however, indicate the precise importance of this role as they are simply a composition effect for sectors at a very high level ...
24
Employment and the business cycle
... Aggregate employment is one of the most important indicators of current macroeconomic conditions. The Bureau of Labor Statistics (BLS) publishes the comprehensive “Employment Situation” reports on a monthly basis, which ...
35
The Keynesian Theory and the Theory of Cycle of Money
... Keynesian theory and of the theory of cycle of money giving the similarities and the differences between the two ...Keynesian theory has some attributes that come from the idea of government ...
6
Open Journal Systems
... Innovation enables companies to attain consistent organic growth that brings benefits to stakeholders. Design thinking approach in innovation has been emergent to be an alternative to technological development path in ...
12