Intertwined real and monetary stochastic business cycles
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Frank Ackerman, 2001.
"Still dead after all these years: interpreting the failure of general equilibrium theory,"
Journal of Economic Methodology, Taylor & Francis Journals, vol. 9(2), pages 119-139.
- Frank Ackerman, "undated". "Still Dead After All These Years: Interpreting the Failure of General Equilibrium Theory," GDAE Working Papers 00-01, GDAE, Tufts University.
- Ackerman, Frank, 2000. "Still Dead After All These Years: Interpreting the Failure of General Equilibrium Theory," Working Papers 15587, Tufts University, Global Development and Environment Institute.
- Robert G. King & Charles I. Plosser, 1982. "The Behavior of Money, Credit, and Prices in a Real Business Cycle," NBER Working Papers 0853, National Bureau of Economic Research, Inc.
- Kakarot-Handtke, Egmont, 2011. "When Ricardo saw profit, he called it rent: on the vice of parochial realism," MPRA Paper 33625, University Library of Munich, Germany.
- David E.W. Laidler, 2016. "The Golden Age of the Quantity Theory," Economics Books, Princeton University Press, edition 1, number 4959.
- Tomasson, Gunnar & Bezemer, Dirk J, 2010. "What is the Source of Profit and Interest? A Classical Conundrum Reconsidered," MPRA Paper 20320, University Library of Munich, Germany.
- Buiter, Willem H, 1980. "Walras' Law and All That: Budget Constraints and Balance Sheet Constraints in Period Models and Continuous Time Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 1-16, February.
- Edward N. Gamber & Frederick L. Joutz, 1997. "Real Wages over the Business Cycle," Eastern Economic Journal, Eastern Economic Association, vol. 23(3), pages 277-291, Summer.
- Kakarot-Handtke, Egmont, 2011. "Schumpeter and the essence of profit," MPRA Paper 31176, University Library of Munich, Germany.
- Keuzenkamp, H.A. & McAleer, M., 1994.
"Simplicity, scientific inference and econometric modelling,"
Other publications TiSEM
dabcc476-15d7-4177-a2f5-b, Tilburg University, School of Economics and Management.
- Keuzenkamp, H.A. & McAleer, M., 1994. "Simplicity, scientific inference and econometric modelling," Discussion Paper 1994-56, Tilburg University, Center for Economic Research.
- Wynne Godley & Anwar Shaikh, 2012.
"An Important Inconsistency at the Heart of the Standard Macroeconomic Model,"
Palgrave Macmillan Books, in: Marc Lavoie & Gennaro Zezza (ed.), The Stock-Flow Consistent Approach, chapter 3, pages 65-80,
Palgrave Macmillan.
- Wynne Godley & Anwar Shaikh, 2002. "An Important Inconsistency at the Heart of the Standard Macroeconomic Model," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 24(3), pages 423-441, March.
- Wynne Godley & Anwar M. Shaikh, 1998. "An Important Inconsistency at the Heart of the Standard Macroeconomic Model," Economics Working Paper Archive wp_236, Levy Economics Institute.
- Wynne Godley & B. Anwar Shaikh, 1998. "An Important Inconsistency at the Heart of the Standard Macroeconomic Model," Macroeconomics 9805021, University Library of Munich, Germany.
- Kakarot-Handtke, Egmont, 2012. "General formal foundations of the virtuous deficit–profit symmetry and the vicious debt deflation," MPRA Paper 42912, University Library of Munich, Germany.
- Kyun,Kim, 1988. "Equilibrium Business Cycle Theory in Historical Perspective," Cambridge Books, Cambridge University Press, number 9780521350785, November.
- Lawrence H. Summers, 1986. "Some skeptical observations on real business cycle theory," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 10(Fall), pages 23-27.
- Weintraub, E Roy, 1970. "Stochastic Stability of a General Equilibrium Model," American Economic Review, American Economic Association, vol. 60(2), pages 380-384, May.
- King, Robert G & Plosser, Charles I, 1984. "Money, Credit, and Prices in a Real Business Cycle," American Economic Review, American Economic Association, vol. 74(3), pages 363-380, June.
- Hoover, Kevin D, 1984. "Two Types of Monetarism," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 58-76, March.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- There is no such thing as a real economy
by Economic Logician in Economic Logic on 2012-12-28 21:07:00
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kakarot-Handtke, Egmont, 2012. "The rhetoric of failure: a hyper-dialog about method in economics and how to get things going," MPRA Paper 43276, University Library of Munich, Germany.
- Kakarot-Handtke, Egmont, 2013. "Understanding Profit and the Markets: The Canonical Model," MPRA Paper 48691, University Library of Munich, Germany.
- Kakarot-Handtke, Egmont, 2012. "Make a bubble, take a free lunch, break a bank," MPRA Paper 42996, University Library of Munich, Germany.
- Karin Jürgensen & Francisco Rosende, "undated". "Hayek y el Ciclo Económico: Una Revisión a la Luz de la Macroeconomía Moderna," Documentos de Trabajo 154, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Kakarot-Handtke, Egmont, 2012. "General formal foundations of the virtuous deficit–profit symmetry and the vicious debt deflation," MPRA Paper 42912, University Library of Munich, Germany.
- Ireland, Peter N., 2003.
"Endogenous money or sticky prices?,"
Journal of Monetary Economics, Elsevier, vol. 50(8), pages 1623-1648, November.
- Peter N. Ireland, 2001. "Endogenous Money or Sticky Prices?," Boston College Working Papers in Economics 499, Boston College Department of Economics.
- Peter N. Ireland, 2002. "Endogenous Money or Sticky Prices?," NBER Working Papers 9390, National Bureau of Economic Research, Inc.
- C. Emre Alper, 2000. "Stylized Facts of Business Cycles, Excess Volatility and Capital Flows: Evidence from Mexico and Turkey," Working Papers 2000/11, Bogazici University, Department of Economics.
- Caraiani, Petre, 2007. "An Analysis of the Fluctuations in the Romanian Economy using the Real Business Cycles Approach," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(2), pages 76-86, June.
- Rousseau, Peter L., 1999. "Finance, investment, and growth in Meiji-era Japan," Japan and the World Economy, Elsevier, vol. 11(2), pages 185-198, April.
- Hakkio, Craig S. & Rush, Mark & Schmidt, Timothy J., 1996.
"The marginal income tax rate schedule from 1930 to 1990,"
Journal of Monetary Economics, Elsevier, vol. 38(1), pages 117-138, August.
- Craig S. Hakkio & Mark Rush & Timothy J. Schmidt, 1993. "The marginal income tax rate schedule from 1930 to 1990," Research Working Paper 93-12, Federal Reserve Bank of Kansas City.
- Hairault, Jean-Olivier & Langot, Francois & Portier, Franck, 1997.
"Time to implement and aggregate fluctuations,"
Journal of Economic Dynamics and Control, Elsevier, vol. 22(1), pages 109-121, November.
- Hairault, Jean-Olivier & Langot, François & Portier, Franck, 1996. "Time to implement and aggregate fluctuations," CEPREMAP Working Papers (Couverture Orange) 9606, CEPREMAP.
- Kakarot-Handtke, Egmont, 2011. "The pure logic of value, profit, interest," MPRA Paper 30853, University Library of Munich, Germany.
- Ambler, Steven & Cardia, Emanuela & Phaneuf, Louis, 1992.
"Contrats de salaire, croissance endogène et fluctuations,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(1), pages 175-204, mars et j.
- ambler, s. & cardia, e. & phaneuf, l., 1991. "contracts de salaire, croissance endogene et fluctuations," Cahiers de recherche 9124, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Ambler, S. & Cardia, E. & Phaneuf, L., 1991. "contracts de salaire, croissance endogene et fluctuations," Cahiers de recherche 9124, Universite de Montreal, Departement de sciences economiques.
- Grishchenko, Olesya V., 2011. "Asset pricing in the production economy subject to monetary shocks," Journal of Economics and Business, Elsevier, vol. 63(3), pages 187-216, May.
- Benk, Szilárd & Gillman, Max & Kejak, Michal, 2010.
"A banking explanation of the US velocity of money: 1919-2004,"
Journal of Economic Dynamics and Control, Elsevier, vol. 34(4), pages 765-779, April.
- Kejak, Michal & Gillman, Max & Benk, Szilárd, 2009. "A Banking Explanation of the US Velocity of Money: 1919-2004," CEPR Discussion Papers 7544, C.E.P.R. Discussion Papers.
- Benk, Szil rd & Gillman, Max & Kejak, Michal, 2009. "A Banking Explanation of the US Velocity of Money: 1919-2004," Cardiff Economics Working Papers E2009/25, Cardiff University, Cardiff Business School, Economics Section.
- Szilard Benk & Max Gillman & Michal Kejak, 2009. "A Banking Explanation of the US Velocity of Money: 1919-2004," CERS-IE WORKING PAPERS 0923, Institute of Economics, Centre for Economic and Regional Studies.
- Chava, Sudheer & Purnanandam, Amiyatosh, 2011.
"The effect of banking crisis on bank-dependent borrowers,"
Journal of Financial Economics, Elsevier, vol. 99(1), pages 116-135, January.
- Sudheer Chava & Amiyatosh Purnanandam, 2006. "The effect of a banking crisis on bank-dependent borrowers," Proceedings 1030, Federal Reserve Bank of Chicago.
- Cooley, Thomas F & Hansen, Gary D, 1989.
"The Inflation Tax in a Real Business Cycle Model,"
American Economic Review, American Economic Association, vol. 79(4), pages 733-748, September.
- Thomas F. Cooley & Gary D. Hansen, 1987. "The Inflation Tax in a Real Business Cycle Model," UCLA Economics Working Papers 496, UCLA Department of Economics.
- Cooley, T.F. & Hansen, G.D., 1988. "The Inflation Tax In A Real Business Cycle Model," RCER Working Papers 155, University of Rochester - Center for Economic Research (RCER).
- Cooley, T.F. & Hansen, G.D., 1988. "The Inflation Tax In A Real Business Cycle Model," Papers 88-05, Rochester, Business - General.
- Nason, James M. & Tallman, Ellis W., 2015.
"Business Cycles And Financial Crises: The Roles Of Credit Supply And Demand Shocks,"
Macroeconomic Dynamics, Cambridge University Press, vol. 19(4), pages 836-882, June.
- James M. Nason & Ellis W. Tallman, 2012. "Business Cycles and Financial Crises: The Roles of Credit Supply and Demand Shocks," CAMA Working Papers 2012-44, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- James M. Nason & Ellis W. Tallman, 2012. "Business cycles and financial crises: the roles of credit supply and demand shocks," Working Papers 12-24, Federal Reserve Bank of Philadelphia.
- James M. Nason & Ellis W. Tallman, 2012. "Business cycles and financial crises: the roles of credit supply and demand shocks," Working Papers (Old Series) 1221, Federal Reserve Bank of Cleveland.
- Haslag, Joseph H. & Hein, Scott E., 1995.
"Does it matter how monetary policy is implemented?,"
Journal of Monetary Economics, Elsevier, vol. 35(2), pages 359-386, April.
- Joseph H. Haslag & Scott E. Hein, 1990. "Does it matter how monetary policy is implemented?," Working Papers 9009, Federal Reserve Bank of Dallas.
- Joseph H. Haslag, 1993. "Does it matter how monetary policy is implemented?," Working Papers 9310, Federal Reserve Bank of Dallas.
- Guillaume Colosiez & Mouldi Djelassi, 1993. "La redécouverte des cycles financiers," Revue d'Économie Financière, Programme National Persée, vol. 26(3), pages 109-144.
More about this item
Keywords
new framework of concepts; structure-centric; axiom set; profit; distributed profit; Say’s regime; supersymmetric price; Slutzky-cycle; transaction money; general multiplier;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2012-12-10 (Macroeconomics)
- NEP-MON-2012-12-10 (Monetary Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:42793. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.