Zobrazeno 1 - 10
of 54
pro vyhledávání: '"Thomas R Michl"'
Autor:
Thomas R. Michl
A look at all the key topics in intermediate-level macroeconomic theory with carefully chosen linear versions of the standard models of both the closed and the open economy. It requires no mathematical proficiency beyond high school level algebra, an
Autor:
Thomas R. Michl
Publikováno v:
Review of Political Economy. :1-4
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c2af1afd7a4be424492292e2d0434439
https://doi.org/10.1080/09538259.2022.2075118
https://doi.org/10.1080/09538259.2022.2075118
Autor:
Thomas R Michl, Daniele Tavani
Publikováno v:
Cambridge Journal of Economics. 46:195-218
This paper embeds a technical progress function in a classical growth model and studies the effects of permanent changes in parameters and temporary shocks such as pandemics. Technical change is driven by dynamic economies of scale and responds to di
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a109ade6663be7837936180cb9a6ef74
https://doi.org/10.1093/cje/beab045
https://doi.org/10.1093/cje/beab045
Autor:
Kayla M Oliver, Thomas R. Michl
Publikováno v:
Review of Keynesian Economics. 7:6-27
Hysteresis, path dependence, and multiple equilibria are characteristic features of post-Keynesian economics. This paper constructs an otherwise conventional three-equation model that includes a hysteresis-generating mechanism and an invariant output
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5e109fbf0caa4fe2e46662f780036d87
https://doi.org/10.4337/roke.2019.01.02
https://doi.org/10.4337/roke.2019.01.02
Autor:
Thomas R. Michl
This note provides a model framework for thinking about stabilization policies in the presence of hysteresis after a negative shock like the Covid-19 pandemic. Headline measures of so-called potential GDP published by the Congressional Budget Office
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3b96646db5d0016a7815748897176163
Autor:
Thomas R. Michl, Daniele Tavani
Publikováno v:
SSRN Electronic Journal.
This paper embeds a technical progress function in a classical growth model and studies the effects of permanent changes in parameters and temporary shocks such as pandemics. Technical change is driven by dynamic economies of scale and responds to di
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b0072ed961704e4ecab83fc92c779e68
https://doi.org/10.2139/ssrn.3590339
https://doi.org/10.2139/ssrn.3590339
Autor:
Thomas R. Michl
Publikováno v:
Review of Keynesian Economics. 5:61-77
This paper presents a simple stock-flow consistent model of corporate capitalism with a financial market for firm equities issued by managers as part of their investment plan with the investment rate in turn sensitive to the q ratio, workers who save
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9383e208793a4ea4ef419aefcd358b5a
https://doi.org/10.4337/roke.2017.01.05
https://doi.org/10.4337/roke.2017.01.05
A major revision of an established textbook on the theory, measurement, and history of economic growth, with new material on climate change, corporate capitalism, and innovation.Authors Duncan Foley, Thomas Michl, and Daniele Tavani present Classical
Autor:
Thomas R. Michl
Publikováno v:
Eastern Economic Journal. 44:305-322
This paper introduces two post-Keynesian hysteresis mechanisms into a standard textbook three-equation model. The mechanisms work through wage bargaining and price setting. Workers are assumed to change their wage aspirations when the actual wage dif
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2464a9279d2900440b5b1d5d4bd57f02
https://doi.org/10.1057/s41302-016-0083-9
https://doi.org/10.1057/s41302-016-0083-9
Autor:
Thomas R. Michl
Publikováno v:
International Journal of Political Economy. 45:182-199
This article puts forward a theoretical model and some empirical evidence arguing that a central contradiction of neoliberal capitalism arises from changes in financial structure and corporate governance that have simultaneously effected a massive re
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7b49460b39e1be2e7ea39eabc996b484
https://doi.org/10.1080/08911916.2016.1220141
https://doi.org/10.1080/08911916.2016.1220141