{"title":"What do we know about Macroeconomics that Fisher and Wicksell did not","authors":"O. Blanchard","doi":"10.1162/003355300554999","DOIUrl":"https://doi.org/10.1162/003355300554999","url":null,"abstract":"The answer to the question in the title is: A lot. In this essay, I argue that the history of macroeconomics during the 20th century can be divided in three epochs: Pre 1940. A period of exploration, where macroeconomics was not macroeconomics yet, but monetary theory on one side, business cycle theory on the other. A period during which all the right ingredients, and quite a few more, were developed. But also a period where confusion reigned, because of the lack of an integrated framework. From 1940 to 1980. A period of consolidation. A period during which an integrated framework was developed starting with the IS-LM, all the way to dynamic general equilibrium models and used to clarify the role of shocks and propagation mechanisms in fluctuations. But a construction with an Achille's heel, namely too casual a treatment of imperfections, leading to a crisis in the late 1970s. Since 1980. A new period of exploration, focused on the role of imperfections in macroeconomics, from the relevance of nominal price setting, to incompleteness of markets, to asymmetric information, to search and bargaining in decentralized markets. Exploration often feels like confusion. But behind it may be one of the most productive periods of research in macroeconomics.","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2000-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78837436","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Structural Changes in the Demand for Labour","authors":"D. Draper","doi":"10.1108/S0573-8555(1998)0000250009","DOIUrl":"https://doi.org/10.1108/S0573-8555(1998)0000250009","url":null,"abstract":"This paper investigates why labor demand has shifted away from low-skilled toward high-skilled labor in The Netherlands. We focus on the role of changes in relative wages and technological progress. A flexible functional form, proposed by Diewert and Wales, the Symmetric Generalized McFadden cost function, is estimated for the exposed and sheltered sectors. The estimates are based on time-series data for the period 1972–1993, which recently became available. Labor-saving technological change explains most of the displacement of low-skilled workers. The computed elasticities suggest that substitution between labor as a whole and capital is small. However, substitution plays a modest role in the shift from low-skilled toward high-skilled labor, especially in the sheltered sector. Skill-capital complementarity seems relevant in both sectors.","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"1998-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74671097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Boekbespreking van R. Kanth (ed.), Paradigms in economic development: classic perspectives, critiques and reflections","authors":"C. Hermes","doi":"10.5860/choice.32-0428","DOIUrl":"https://doi.org/10.5860/choice.32-0428","url":null,"abstract":"","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"1996-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88044425","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Can abatement resolve the conflict between economic growth and the environment","authors":"S. Wijnbergen, C. Ewijk","doi":"10.1007/BF01384535","DOIUrl":"https://doi.org/10.1007/BF01384535","url":null,"abstract":"","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"1995-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77459124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Book Review: R.T. Baillie and P. McMahon, The foreign exchange market: theory and econometric evidence","authors":"C. G. Vries","doi":"10.1007/BF01857780","DOIUrl":"https://doi.org/10.1007/BF01857780","url":null,"abstract":"","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"1990-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76226344","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Socioeconomic equity and fertility in developing countries: a block-recursive model.","authors":"C R Winegarden","doi":"10.1007/BF01705858","DOIUrl":"https://doi.org/10.1007/BF01705858","url":null,"abstract":"","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"1980-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/BF01705858","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"22023249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Opmerkingen en aantekeningen: De inconsistentie in professor heertjes aanbodvariant van het model van harrod en domar","authors":"S. Kuipers","doi":"10.1007/BF02367516","DOIUrl":"https://doi.org/10.1007/BF02367516","url":null,"abstract":"","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"1969-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74039706","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Stemmenhandel@@@On explicit logrolling","authors":"R. J. I. Veld","doi":"10.1007/BF01726048","DOIUrl":"https://doi.org/10.1007/BF01726048","url":null,"abstract":"","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"1969-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79510654","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Finanzwissenschaft: door Béla Földes, Minister a. D. en Professor aan de Universiteit te Budapest. Jena 1920, Gustav Fischer, 686 blz","authors":"J. Wolf","doi":"10.1007/BF02456239","DOIUrl":"https://doi.org/10.1007/BF02456239","url":null,"abstract":"","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"1922-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82694148","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}