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作者:Jan Priewe
来源:[J].European Journal of Economics and Economic Policies, 2017, Vol.14 (1), pp.32-47EE
摘要:In this paper, the parts of four leading economics textbooks that deal with exchange-rate theories are reviewed. The books are by Krugman/Obstfeld/Melitz, Blanchard/Johnson, Mankiw/Taylor and Samuelson/Nordhaus. The theoretical background for this exercise is the fact that e...
作者:Franklin Serrano , Fabio Freitas
来源:[J].European Journal of Economics and Economic Policies, 2017, Vol.14 (1), pp.70-91EE
摘要:This paper aims to show that the Sraffian supermultiplier model provides an alternative closure for the heterodox analysis of economic growth. The new closure follows from the assumption of the existence of autonomous non-capacity-creating expenditures, which implies that the rat...
作者:Wolfgang Stützel
来源:[J].European Journal of Economics and Economic Policies, 2017, Vol.14 (1), pp.23-31EE
摘要:Introductory note by the translators : In the following paragraphs, Stützel derives some balance mechanic relationships between revenue and expenditure surpluses, on the one hand, and the volume of credit necessary to finance these, on the other. He then moves on to consider...
作者:Christoph Ellermann , Fabian Lindner , Severin Reissl ...
来源:[J].European Journal of Economics and Economic Policies, 2017, Vol.14 (1), pp.13-22EE
摘要:We present an introduction to the translation of a part of the stock-flow consistent (SFC) framework published by the German economist Wolfgang Stützel in 1958, which follows in this issue. While not a quantitative model, Stützel's ‘balance mechanics’ has some features ...
作者:Leila E. Davis , Charalampos Konstantinidis , Yorghos Tripodis
来源:[J].European Journal of Economics and Economic Policies, 2017, Vol.14 (1), pp.92-116EE
摘要:The ongoing crisis in the eurozone, together with growing evidence of structural imbalances, points to a role for new institutions to support a more stable European Monetary Union (EMU) structure. As is well established in the context of monetary union when business cycles a...
作者:Reiner Franke
来源:[J].European Journal of Economics and Economic Policies, 2017, Vol.14 (1), pp.48-69EE
摘要:The Keynesian stability condition is a necessary assumption for the IS equilibrium concept to make economic sense. With reasonable values for the saving parameter(s), however, it typically implies excessively strong multiplier effects. This is more than a cosmetic issue, not leas...

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