Endogenous Market Structures And The Macroeconomy
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Endogenous Market Structures and the Macroeconomy
Author | : Federico Etro |
Publsiher | : Springer Science & Business Media |
Total Pages | : 363 |
Release | : 2009-06-17 |
Genre | : Business & Economics |
ISBN | : 9783540874270 |
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This is a key year for the evolution of international markets. The global economy is experiencing the most severe downturn since the thirties, it is temporarily leaving a path of sustained growth that characterized the last decades, and is facing an impressive decline of trade between countries. Banks are going bankrupt, the stock market has crashed, rms are going out of bu- ness or drastically reducing their production and exports, workers are being red and investment in new business creation or innovation is shrinking. Meanwhile, consumers con dence has dropped at its minimum, aggregate demand has been declining for months and expansionary policies and int- national coordination have failed to counteract the crisis until now. It is quite likely that all this will change sooner or later, but at the end of this crisis our understanding of the macroeconomy may change as well. In front of these crucial events, this book is not an attempt at proposing a radically new way of interpreting macroeconomic phenomena, and, as a m- ter of fact, it is not even a book on macroeconomic theory. My more modest goal is to collect a number of insights derived from recent research on the role of competition and innovation in the analysis of three topics: business cycles, trade and growth through innovations.
Rethinking Macroeconomics with Endogenous Market Structure
Author | : Marco Mazzoli,Matteo Morini,Pietro Terna |
Publsiher | : Cambridge University Press |
Total Pages | : 251 |
Release | : 2019-12-19 |
Genre | : Business & Economics |
ISBN | : 9781108482608 |
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"The last decade has seen a lively debate in macroeconomics, with an increasing criticism on the model that seemed to be dominant in literature since the end of the 1990's, the Dynamic Stochastic General Equilibrium (DSGE, hereafter) and, consequently, the birth of some new theoretical approaches and methodologies"--
Endogenous Growth Market Failures and Economic Policy
Author | : Martin Zagler |
Publsiher | : Springer |
Total Pages | : 208 |
Release | : 1999-03-15 |
Genre | : Business & Economics |
ISBN | : 9781349271290 |
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Endogenous Growth, Market Failures and Economic Policy develops, within a rigorous formal framework, innovative and unconventional macroeconomic policy perspectives that can be deduced from the New Growth Theory in the presence of market imperfections, adopting the standard structure of fiscal, monetary and trade policy for the book. For instance, the introduction of monopolistic competition leads to positive growth effects of fiscal policy as well as protection of infant industries.
Entry Costs and the Macroeconomy
Author | : Germán Gutiérrez,Callum Jones,Mr.Thomas Philippon |
Publsiher | : International Monetary Fund |
Total Pages | : 43 |
Release | : 2019-11-01 |
Genre | : Business & Economics |
ISBN | : 9781513519616 |
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We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by showing that the model-implied entry shocks correlate with independently constructed measures of entry regulations and M&As. We conclude that entry costs have risen in the U.S. over the past 20 years and have depressed capital and consumption by about seven percent.
Cloud Computing Service and Deployment Models Layers and Management
Author | : Bento, Al |
Publsiher | : IGI Global |
Total Pages | : 389 |
Release | : 2012-10-31 |
Genre | : Computers |
ISBN | : 9781466621886 |
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"This book presents a collection of diverse perspectives on cloud computing and its vital role in all components of organizations, improving the understanding of cloud computing and tackling related concerns such as change management, security, processing approaches, and much more"--Provided by publisher.
Income Distribution in Macroeconomic Models
Author | : Giuseppe Bertola,Reto Foellmi,Josef Zweimüller |
Publsiher | : Princeton University Press |
Total Pages | : 440 |
Release | : 2014-09-28 |
Genre | : Business & Economics |
ISBN | : 9781400865093 |
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This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
Uneconomic Economics and the Crisis of the Model World
Author | : M. Watson |
Publsiher | : Springer |
Total Pages | : 108 |
Release | : 2014-01-17 |
Genre | : Political Science |
ISBN | : 9781137385499 |
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What has gone wrong with economics? Economists now routinely devise highly sophisticated abstract models that score top marks for theoretical rigour but are clearly divorced from observable activities in the current economy. This creates an 'uneconomic economics', where models explain relationships in blackboard rather than real-life markets.
Financial Markets and the Macroeconomy
Author | : Carl Chiarella,Peter Flaschel,Reiner Franke,Willi Semmler |
Publsiher | : Routledge |
Total Pages | : 513 |
Release | : 2009-06-02 |
Genre | : Biography & Autobiography |
ISBN | : 9781135984502 |
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The financial instability and its spillover to the real sector have become a great challenge to macro-economic theory. The book takes a Keynesian theoretical perspective, representing an attempt to revive what Keynes stressed in his General Theory, namely the role of the financial market in macroeconomic outcomes. Although this book is inspired and motivated by the Asian currency and financial crises in the years 1997-8 and the experiences of the currently evolving U.S. financial disruptions, it also focuses on reviving a modeling tradition that provides a theoretical framework that throws light on recent financial market episodes and disturbances and their macroeconomic effects. It brings to the forefront, as Keynes has suggested, the role of financial market stability for growth and macroeconomics. It criticizes theories that see economic disruptions and shocks rooted solely in the real side of the economy. It stresses the financial real interaction as the major source for macroeconomic instability and disruptions. This important new book from a group of Keynesian, but nonetheless technically oriented economists would be of most interest to specialists and graduate students in macroeconomics and financial economics, especially those with an interest in US and European financial markets, emerging market analysis, and dynamic economic modeling.