Evolutionary and Institutional Economics Review最新文献

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Stone–Geary type preferences and the long-run labor supply 石艺类型偏好与长期劳动力供给
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-04-03 DOI: 10.1007/s40844-021-00204-6
Tamotsu Nakamura
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引用次数: 1
Correction to: Capital-labor conflict in the Harrodian model 修正:哈罗德模型中的资本-劳动冲突
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-03-29 DOI: 10.1007/S40844-021-00211-7
T. Ohno
{"title":"Correction to: Capital-labor conflict in the Harrodian model","authors":"T. Ohno","doi":"10.1007/S40844-021-00211-7","DOIUrl":"https://doi.org/10.1007/S40844-021-00211-7","url":null,"abstract":"","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":"18 1","pages":"461 - 461"},"PeriodicalIF":0.9,"publicationDate":"2021-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/S40844-021-00211-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49572193","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Purchase of government bonds by a supranational central bank: its impact on business cycles 超国家中央银行购买政府债券:对商业周期的影响
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-03-29 DOI: 10.1007/s40844-021-00207-3
Masato Nakao, Toichiro Asada
{"title":"Purchase of government bonds by a supranational central bank: its impact on business cycles","authors":"Masato Nakao, Toichiro Asada","doi":"10.1007/s40844-021-00207-3","DOIUrl":"https://doi.org/10.1007/s40844-021-00207-3","url":null,"abstract":"<p>The euro area emerged from the euro crisis without meeting the conditions presented by the theory of optimum currency area. The decisive policy that ended this crisis was the Outright Monetary Transactions policy. Besides, the quantitative easing policy supports the economy of the euro area after this crisis. To examine the impact of these supranational monetary policies on the business cycles in the euro area, which is not covered by optimum currency area theory, we use a Kaldorian two-country model featuring a monetary union and imperfect capital mobility. We find that an increase in government bond purchases is a stabilizing factor, whereas an extreme increase in the degree of counter-cyclical fiscal policy is a destabilizing factor. Nevertheless, as long as the fiscal and monetary policies of two countries are not extremely active, but active to a certain extent, the equilibrium point becomes locally stable. Furthermore, even if the business cycles are not synchronized, the purchase of government bonds of a particular country is effective in stabilizing the business cycles of both countries. From these results, we suggest that the euro area satisfies the metacriteria of an optimum currency area through the implementation of a government bond purchase system by a supranational central bank system.</p>","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":"90 ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2021-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138506021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Alternative monetary policy rules and expectational consistency 另类货币政策规则与预期一致性
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-03-27 DOI: 10.1007/s40844-021-00208-2
Carlos Eduardo Iwai Drumond, Cleiton Silva de Jesus, João Basilio Pereima, Hiroyuki Yoshida
{"title":"Alternative monetary policy rules and expectational consistency","authors":"Carlos Eduardo Iwai Drumond, Cleiton Silva de Jesus, João Basilio Pereima, Hiroyuki Yoshida","doi":"10.1007/s40844-021-00208-2","DOIUrl":"https://doi.org/10.1007/s40844-021-00208-2","url":null,"abstract":"<p>We build a macroeconomic model that allows for non-linearity in the interest rate rule. We assume that to determine the rate of interest, the monetary authority considers the interaction between the actual inflation and the capacity utilization, so that the sensitivity of the interest rule to the inflation gap varies in accordance with the business cycle. The macroeconomic policy framework we propose enables the monetary authority to give as much weight to inflation as to the product without losing sight of the expected anchor role of the inflation target, for a closed economy as well as for an open economy.</p>","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":"68 ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2021-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138506001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The discontinuity between value and price form: tracking the subtraction of the qualitative 价值与价格形态的不连续:追踪定性的减法
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-03-25 DOI: 10.1007/s40844-021-00210-8
Uroš Kranjc
{"title":"The discontinuity between value and price form: tracking the subtraction of the qualitative","authors":"Uroš Kranjc","doi":"10.1007/s40844-021-00210-8","DOIUrl":"https://doi.org/10.1007/s40844-021-00210-8","url":null,"abstract":"","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":"18 1","pages":"491 - 511"},"PeriodicalIF":0.9,"publicationDate":"2021-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s40844-021-00210-8","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47046158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Psychology of evolutionary economic behaviour 进化经济行为心理学
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-03-25 DOI: 10.1007/s40844-021-00209-1
B. Markey-Towler
{"title":"Psychology of evolutionary economic behaviour","authors":"B. Markey-Towler","doi":"10.1007/s40844-021-00209-1","DOIUrl":"https://doi.org/10.1007/s40844-021-00209-1","url":null,"abstract":"","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":"18 1","pages":"361 - 383"},"PeriodicalIF":0.9,"publicationDate":"2021-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s40844-021-00209-1","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48640322","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Keynesian and classical theories: static and dynamic perspectives 凯恩斯与古典理论:静态与动态视角
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-03-15 DOI: 10.1007/s40844-021-00205-5
Hiroki Murakami
{"title":"Keynesian and classical theories: static and dynamic perspectives","authors":"Hiroki Murakami","doi":"10.1007/s40844-021-00205-5","DOIUrl":"https://doi.org/10.1007/s40844-021-00205-5","url":null,"abstract":"","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":"19 1","pages":"343 - 367"},"PeriodicalIF":0.9,"publicationDate":"2021-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s40844-021-00205-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52807243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
A two-class economy from the multi-sectoral perspective: the controversy between Pasinetti and Meade–Hahn–Samuelson–Modigliani revisited 多部门视角下的两阶级经济:帕西内蒂与米德-哈恩-萨缪尔森-莫迪利亚尼之争的再考察
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-03-10 DOI: 10.1007/s40844-021-00202-8
Kazuhiro Kurose
{"title":"A two-class economy from the multi-sectoral perspective: the controversy between Pasinetti and Meade–Hahn–Samuelson–Modigliani revisited","authors":"Kazuhiro Kurose","doi":"10.1007/s40844-021-00202-8","DOIUrl":"https://doi.org/10.1007/s40844-021-00202-8","url":null,"abstract":"<p>We examine the Pasinettian multi-sectoral two-class model with a microfoundation of a capitalist and a worker. The microfoundation assumed in this study is an infinitely lived agent and an agent whose behaviour follows the overlapping generations model. We consider two combinations of the microfoundation of capitalists and workers: one is that both capitalists and workers act as infinitely lived agents and the other is that capitalists act as infinitely lived agents and workers act as in the overlapping generations model. We exclusively analyse the steady states and focus on the switches of equilibria from the Pasinetti equilibrium to the dual equilibrium and vice versa, together with the paradoxes in capital theory. The relationship between the rates of economic growth and profit obtained in Pasinetti equilibrium is independent of technology and the combination of the microfoundation. The relationship obtained in dual equilibrium is dependent on technology and differs, depending on the combination of microfoundation. A numerical example shows the simultaneous analysis of the switch of equilibria, income distribution, and capital theory paradoxes. The result indicates that it is necessary to reconsider the importance of capital as a bundle of reproducible and heterogeneous commodities to construct an alternative model analysing the distribution of income and capital (wealth), which is unaccountable by the standard neo-classical models with capital as the primary factor of production.</p>","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":"44 ","pages":""},"PeriodicalIF":0.9,"publicationDate":"2021-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138506012","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Numerical analysis of the disequilibrium monetary growth model: secular stagnation, slow convergence, and cyclical fluctuations 非均衡货币增长模型的数值分析:长期停滞、缓慢收敛和周期性波动
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-03-05 DOI: 10.1007/s40844-021-00201-9
Shogo Ogawa, H. Sasaki
{"title":"Numerical analysis of the disequilibrium monetary growth model: secular stagnation, slow convergence, and cyclical fluctuations","authors":"Shogo Ogawa, H. Sasaki","doi":"10.1007/s40844-021-00201-9","DOIUrl":"https://doi.org/10.1007/s40844-021-00201-9","url":null,"abstract":"","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":"19 1","pages":"369 - 394"},"PeriodicalIF":0.9,"publicationDate":"2021-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s40844-021-00201-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52807157","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Growth and income distribution in an economy with dynasties and overlapping generations 王朝和世代重叠的经济中的增长和收入分配
IF 0.9
Evolutionary and Institutional Economics Review Pub Date : 2021-03-02 DOI: 10.1007/s40844-021-00206-4
H. Sasaki
{"title":"Growth and income distribution in an economy with dynasties and overlapping generations","authors":"H. Sasaki","doi":"10.1007/s40844-021-00206-4","DOIUrl":"https://doi.org/10.1007/s40844-021-00206-4","url":null,"abstract":"","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":"19 1","pages":"215 - 238"},"PeriodicalIF":0.9,"publicationDate":"2021-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s40844-021-00206-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52807390","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
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