注射 发表于 2025-3-21 17:56:57

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共和国 发表于 2025-3-21 20:44:10

Price Theory in a Monetary Economyfunction of price changes entirely in a monetary economy. As is evident from daily life, the value of money (the inverse of the price index) is determined by rational belief concerning its future value in itself. If individuals confirm the future devaluation of money, this immediately raises the cur

agitate 发表于 2025-3-22 04:23:45

The Existence of an Involuntary Unemployment Equilibriumodel developed by McDonald and Solow plays an important role. Their theory depicted wage bargaining as Pareto-efficient allocations concerning the real wage and the employment level. However, such a negotiation structure presumes that the bargaining game is a simultaneous move. This assumption impli

案发地点 发表于 2025-3-22 05:23:16

The Phillips Curve and Inflation Theory Reconsiderede. It is assumed that a higher unemployment rate aggravates future labor productivity because unemployment curtails households’ income for educating their children. Stagnation in labor productivity triggers disinflation. This is because the unit cost of production becomes expensive relative to an ar

Irrepressible 发表于 2025-3-22 10:31:18

A Basic Model of a Flexible Exchange Rate System Under Perfect Capital Mobility rigorous dynamic microeconomic foundation. The seminal work of Laursen and Metzler (1950) suggests that the employment isolation effect under a flexible exchange rate system is imperfect even if international capital mobility is completely prohibited. Assuming a small country model instead of the t

Ardent 发表于 2025-3-22 16:26:29

The Functions of a Key Currency: International Liquidity Provision and Insurancegests that this selection depends on the two plausible and inevitable economic factors that this study examines: overwhelming industrial power and the possession of large amounts of foreign assets and gold. Based on the acquisition of these economic factors, a key-currency country receives rents in

的’ 发表于 2025-3-22 19:01:59

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fringe 发表于 2025-3-22 23:15:11

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滑动 发表于 2025-3-23 02:31:59

Industrial Hollowing Under a Flexible Exchange Rate Systemoeconomic theory. With FDI there can be a conflict between individual firms and the national economy as a whole. Although lower wages may be an incentive for firms to take advantage of FDI, the resulting economic surge may harm the national economy. This comes about first because an increase in unem

扫兴 发表于 2025-3-23 09:27:21

On the Function of Gold Standard in Idealism and Realitysuch a devastating consequence as a deep worldwide depression. Two main reasons are identified. First, the income effect caused by product differentiation, which is entirely excluded in the purchasing power parity theory, played a key role. A depression in overseas territories cannot be canceled out
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查看完整版本: Titlebook: Keynesian Economics and Price Theory; Re-orientation of a Masayuki Otaki Book 2015 Springer Japan 2015 Advanced Keynesian Economics.Critiq