clearly derived his monetary analysis of the cycle from Marshall.' 1 While his close contact with Cambridge and with many important economists who were either first or second generation pupils of Marshall, clearly influenced the style of Hawtrey's economics, he, in fact, never studied with ...
What is human resources in economics? What is the relationship between government and economics? What is real price in economics? What is price stability in economics? What is a business cycle in macroeconomics? What is price competition in economics? What are values in economics?Explore...
preferencecan affect real economic output. Moreover, thanks to banks providing credit lines and overdraft protection, the money supply is argued to be altered according to investment preference. Hence, money is not only non-neutral but also endogenous to the business cycle. Under this view, the ...
they were presented in Modigliani's honor at a conference held on Martha's Vineyard in September 1985 one month before it was announced that he had been awarded the Nobel Prize in economics. The other two essays were written later; they are Modigliani's Nobel lecture, "Life Cycle, Individual...
Negative, Angry, and Ubiquitous: Political Advertising in 2012 Record amounts of money went to purchase television advertising during the 2012 election cycle, resulting in unprecedented volumes of advertising. This increase was due in part to the ease with which outside groups, such as super PACs...
Charnvitayapong, k and M. Kandil (1995) On the role of money in real business-cycle models, Applied Economics 1187- 1199.Kovit Charnvitayapong,Magda Kandil.On the role of money in real business-cycle models[J]. Applied Economics .1995(12)...
(GDP*-GDP) Advances in Business Cycle Model The theory of real business cycles The economics of Robinson Crusoe --- fluctuations in Y, u, C, I, and productivity are all the natural and desirable response of an individual to the inevitable changes in his environment --- fluctuation has ...
A country’s money supply has a significant effect on its macroeconomic profile, particularly in relation to interest rates, inflation, and the business cycle. When the Fed limits the money supply via contractionary or "hawkish" monetary policy, interest rates rise and the cost of borrowing goes ...
The phrase “neutrality of money” was coined by Austrian economist Friedrich A. Hayek in 1931. Originally, Hayek defined it as a market rate of interest at which malinvestments—poorly allocated business investments according to Austrian business cycle theory—did not occur and did not produce bus...
and Mark Watson, "Money, prices, interest rates and the business cycle," Review of Economics and Statistics 78 (February... R Weintraub - 《Economic Inquiry》 被引量: 320发表: 1967年 Money and economic growth Idiosyncratic technological shocks generate fluctuations in the growth rates of capital...