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On the effectiveness of monetary policy and of fiscal policy
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp06-09.pdf19 Oct 2023: well enhance crowding-in. Also allowing for an endogenous response of the long-run. ... 15. policy and endogenous economic outcomes, it becomes difficult to judge whether they. -
New Consensus Macroeconomics: A Critical Appraisal
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp05-09.pdf19 Oct 2023: provides an endogenous spread between the money market rate in the central bank’s interest-rate rule and the rate of return in the representative agent utility function. -
WP0505
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp05-05.pdf19 Oct 2023: There is, however, an important difference between the financial liberalisation and the endogenous growth theory theses. ... As Singh (1997) argues, the endogenous growth theory proponents argue for deliberate and fast development of stock markets, -
THE MONETARY THEORY OF PRODUCTION AND THE MODERN MONEY THEORY: A…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp0418.pdf19 Oct 2023: heterodox approaches to the endogenous money view. In both cases, it is emphasised that the. ... monetary theory, where money is endogenous, and inflation does not depend on excess. -
1 Current and Future Regulatory Role of the ECB ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp0414.pdf19 Oct 2023: However, there is always the possibility that OCA contains an endogenous element in the sense of the EMU being more justifiable in the ex post sense. -
Regional Growth, Estimates of Agglomeration Economies and the…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp04-12.pdf19 Oct 2023: 8. notwithstanding the development of endogenous growth models. (See, for example, Hoover,. ... not a test of the (augmented) Solow model. The endogenous growth models, to the extent that they use the aggregate production function. -
Capital Account Liberalization and Poverty: An Empirical Analysis
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp04-09.pdf19 Oct 2023: This test checks for the existence of first-order autocorrelation in. If the terms in equation (2) are serially correlated of order 1 then, for instance, is endogenous to the in -
WP0405
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp04-05.pdf19 Oct 2023: 1. A Soft Landing for the US Property Market? Philip Arestis1 and Elias Karakitsos2. CEPP WORKING PAPER NO. 04/05. April 2005. Department of Land Economy 19 Silver Street Cambridge CB3 9EP Telephone: 01223 337147. 1 University Director of Research, -
RESIDENTIAL CONSTRUCTION ACTIVITY IN OECD ECONOMIES
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp03-13.pdf19 Oct 2023: model, which includes several lags of the endogenous and the exogenous variables. -
Long-Term Capital Management
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp03-12.pdf19 Oct 2023: practice, could be discovered.18. However, people’s attitudes, expectations and hence actions are endogenous; they are a. ... Moreover, given the above analysis, these were endogenous, not exogenous, contextual.
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