Asset stocks and flows in macroeconomic theory

1976 ◽  
Vol 4 (1) ◽  
pp. 21-32 ◽  
Author(s):  
Arthur Benavie
Keyword(s):  
Macroeconomic Theory ◽  
Stocks And Flows ◽  
Asset Stocks

Great Recession and Macroeconomic Theory: A Useless Crisis?

2019 ◽  
Vol 31 (3) ◽  
pp. 382-406 ◽  
Author(s):  
Giancarlo Bertocco ◽  
Andrea Kalajzić
Keyword(s):  
Great Recession ◽  
Macroeconomic Theory

A Regional Analysis of the Dependency between Registered Unemployment and the Stocks and Flows of Notified Vacancies

1978 ◽  
Vol 10 (7) ◽  
pp. 853-866 ◽  
Author(s):  
G Hyman ◽  
D J Palmer
Keyword(s):  
Time Series ◽  
Regional Analysis ◽  
Leading Indicators ◽  
Labour Demand ◽  
Short Term ◽  
Quarterly Data ◽  
Rapid Changes ◽  
Duration Of Unemployment ◽  
Stocks And Flows ◽  
Regional Labour Markets

This paper presents the results of a time-series analysis of short-term changes in the conditions prevailing in regional labour markets. A set of alternative indicators of changes in these conditions are evaluated for each of the standard regions by use of quarterly data for a period that includes the rapid changes in the economy associated with the ‘Barber Boom’. Leading indicators of changes in labour demand are contrasted with lagging indicators and the findings for different regions compared. The results of the analysis show that in general the numbers of vacant jobs and the rates at which the jobs are being filled provide leading indicators of changes in the region's level of unemployment and of changes in the duration of unemployment in the region, and that there is no feedback from unemployment to change the demand for labour in the region. In consequence it would be justified to claim that changes in regional unemployment and its duration are caused by changes in the demand for labour in the region.

A Macroeconomic Theory of Workable Competition.

Economica ◽  
1965 ◽  
Vol 32 (126) ◽  
pp. 233 ◽  
Author(s):  
John Williamson ◽  
C. E. Ferguson
Keyword(s):  
Macroeconomic Theory ◽  
Workable Competition

scholarly journals A macroeconomic theory of banking oligopoly

2021 ◽  
pp. 103864
Author(s):  
Mei Dong ◽  
Stella Huangfu ◽  
Hongfei Sun ◽  
Chenggang Zhou
Keyword(s):  
Macroeconomic Theory

Implications for Regional Science of the “Rebuilding Macroeconomic Theory Project”

2021 ◽  
pp. 016001762098659
Author(s):  
Kieran P. Donaghy
Keyword(s):  
Monetary Policy ◽  
Graduate Students ◽  
Global Financial Crisis ◽  
Financial Frictions ◽  
Regional Science ◽  
Macroeconomic Theory ◽  
Income Groups ◽  
Big Picture ◽  
Theory Project ◽  
The Global Financial Crisis

The inability of macroeconomists to anticipate the Global Financial Crisis or reproduce it in their models has led to an important stock-taking of deficiencies in, and necessary modifications to, theories and models used pervasively by researchers and taught to graduate students. This stock-taking—the so-called “Rebuilding Macroeconomic Theory Project,” organized by David Vines and Samuel Wills—has provided an opportunity for economy-wide modelers (who include regional scientists) to consider whether the theories and models they employ are adequate and appropriate to the tasks to which they put them. In this paper I provide a brief report on the project, retrace the development of macroeconomics, and summarize responses by prominent macroeconomists to a set of questions posed by organizers of the project, while drawing implications of these questions and responses for regional science. I then offer original suggestions from a regional scientist’s perspective on what is missing from the “benchmark” macro-model, how financial frictions can be introduced, how behavioral foundations might be modified, how heterogeneity of agents might be captured, and what new stylized facts need to be explained. I proceed to illustrate how several of the suggested changes can be integrated in economy-wide models by drawing on a study of the impacts of monetary policy on consumption by different income groups in Indonesia. I close the paper by posing a number of “big-picture questions” on the implications of the RMTP for economy-wide modelers and regional scientists to ponder and by offering a brief reflection and aspiration.

Stocks and Flows of Economic Value

2015 ◽  
pp. 111-126
Author(s):  
Matthew Kuperus Heun ◽  
Michael Carbajales-Dale ◽  
Becky Roselius Haney
Keyword(s):  
Economic Value ◽  
Stocks And Flows
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