Fachhochschule Südwestfalen

9 documents found

In house
All rights reserved
2016

International Economics with IS-MP. A (monetary) Keynesian Approach

In a monetary Keynesian perspective the exchange rate is an asset price. NCO therefore doesn't determine the exchange rate, but net exports determine NCO. Thus the effect of a real devaluation is depicted differently in the IS-MP diagram: A real devaluation shifts IS to the right add thus increases...
Iserlohn: Fachhochschule Südwestfalen, 2016
Study Book
All rights reserved
2015

Studienbuch Mikroökonomik : Band 1 und 2

Iserlohn: Wissenschaftliche Genossenschaft Südwestfalen, 2015
In house
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2015

The IS-MP-model and the difference between neoclassical and Keynesian economics

Romers IS-MP-modell provides a convenient framework that, with a few extensions, allows to compare neoclassical and Keynesian economics within the context of the same model. This might facilitate discussions between proponents of the different paradigms. It turns out that the neoclassical version depends...
Iserlohn: Fachhochschule Südwestfalen, 2015
In house
All rights reserved
2015

Comparing Paradigms on a Level Playing Field

There are different economic paradigms with very different views of the functioning of the economic process. I argue that it is important to demonstrate the different foundations of these paradigms in an introductory course. This should be done within the same framework so that it becomes obvious, which...
Iserlohn: Fachhochschule Südwestfalen, 2015
In house
All rights reserved
2015

Endogenous Money and the (Real) Rate of Interest : A Comment on Marc Lavoie

In contrast to Keynes' theory, the rate of interest is not modelled as a price for parting with cash but as a price required by wealth owners for holding (the national) currency. Thus the equilibrium discount rate of the central bank can be seen as determined by market forces. In consequence involuntary...
Iserlohn: Fachhochschule Südwestfalen, 2015
In house
All rights reserved
2015

Growth Theory for a Monetary Production Economy

Solows' growth theory addresses two questions: (a) how does the economy grow in to a stationary state equilibrium and (b) what will happen, if the growth of external factors induces a growth process. Both questions can be addressed in a Keynesian context too – although they are answered rather differently,...
Iserlohn: Fachhochschule Südwestfalen, 2015
In house
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2013

Multiplikatoren

Studierende kommen zunächst mit dem einfachen Ausgabenmultiplikator in Kontakt. Zwar führen alle Lehrbücher auch die Erweiterungen ein, was aber im Gedächtnis haften bleibt, ist der einfache Multiplikator, der einen (oft: drastisch) höheren Wert als empirisch gemessene Multiplikatoren aufweist. Dieser...
Iserlohn: Fachhochschule Südwestfalen, 2013
In house
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2012

Griechenland und die Eurokrise

Die derzeitige Schuldenkrise in Euroland ist das Ergebnis zweier Entwicklungen: der deutschen Unterbewertungspolitik und der Finanzkrise. Die Unterbewertungspolitik der BRD hat dafür gesorgt, daß sich in den schwächeren Euroländern eine hohe Schuldenlast auftürmte und die Finanzkrise ließ die Risikoaversion...
Iserlohn: Fachhochschule Südwestfalen, 2012
In house
All rights reserved
2012

The (not so) Benign Effects of Government Debt

Iserlohn: Fachhochschule Südwestfalen, 2012