Symmetry and separability in two-country cointegrated VAR models: representation and testing
(2013)
Working Paper
Krolzig, H., & Heinlein, R. Symmetry and separability in two-country cointegrated VAR models: representation and testing
Degree of monopoly and class struggle: Political aspects of Kalecki’s pricing and distribution theory (2013)
Journal Article
Rugitsky, F. (2013). Degree of monopoly and class struggle: Political aspects of Kalecki’s pricing and distribution theory. Review of Keynesian Economics, 1(4), 447-464. https://doi.org/10.4337/roke.2013.04.06The aim of this paper is to analyse the concept of class struggle in Michal Kalecki’s writings. First, his inclusion of trade unions’ strength as one of the determining elements of the degree of monopoly is examined, taking into consideration Abba Le... Read More about Degree of monopoly and class struggle: Political aspects of Kalecki’s pricing and distribution theory.
A note on the volatility of the tradeable and nontradeable sectors (2013)
Journal Article
Povoledo, L. (2013). A note on the volatility of the tradeable and nontradeable sectors. Macroeconomic Dynamics, 17(5), 1158-1168. https://doi.org/10.1017/S1365100511000782This note evaluates whether a New Open Economy model can reproduce qualitatively the observed fluctuations of the tradeable and nontradeable sectors of the U.S. economy. The answer is positive: both in the model and in the data, the standard deviatio... Read More about A note on the volatility of the tradeable and nontradeable sectors.
Fear and institutions (2013)
Journal Article
Wrenn, M. (2013). Fear and institutions. Journal of Economic Issues, 47(2), 383-390. https://doi.org/10.2753/JEI0021-3624470211Fear allowed early humans to adapt, evolve, and survive. When humans moved into settled communities, with more advanced means of production, the nature of fear-much like the nature of social relationships-changed. Once the means of social reproductio... Read More about Fear and institutions.