Hysteresis Effects In Economic Models

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Hysteresis Effects In Economic Models

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Author : Wolfgang Franz
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Hysteresis Effects In Economic Models written by Wolfgang Franz and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.

This volume is devoted to the hysteresis phenomenon in economic relationships. This topic has received renewed attention in economics especially in the late eigh ties. Since the issue is not settled there is still a growing literature on it. The aim of this volume is to summarize the findings, present new results, and to draw attention to further research. All papers are written for this volume and are not published elsewhere. I am very grateful to all authors and referees without whose prompt and generous help this volume would not appear in the present form. A short summary of each paper is given in section 5 of the overview paper. Konstanz, January 1990 Wolfgang Franz University of Konstanz Contents Hysteresis in Economic Relationships: An Overview W. Franz . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Hysteresis in Trade R. Baldwin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Some Evidence on the Membership Hysteresis Hypothesis in Europe M. C. Burda . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Insider-Outsider Influences on Industry Wages D. T. Coe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 Testing for Hysteresis in Unemployment An Unobserved Components Approach A. Jaeger and M. Parkinson. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 Unemployment and Deterioration of Human Capital J. Moller . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91 Hysteresis, Nairn and Long Term Unemployment in Austria P. Neudorfer, K. Pichelmann and M. Wagner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109 Hysteresis in Economic Relationships: An Overview l By W. Franz Can the socialist man be created so as not to show any hysteresis trace of his bourgois or peasant past? N. Georgescu-Roegen (l971. p. 126) 1 Introduction The hysteresis phenomenon has received renewed attention in economic science.

Hysteresis Effects In Economic Models

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Author : Wolfgang Franz
language : en
Publisher:
Release Date : 1990-07-13

Hysteresis Effects In Economic Models written by Wolfgang Franz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-07-13 with categories.

Hysteresis In An Open Economy Model

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Author : Terry O'Shaughnessy
language : en
Publisher:
Release Date : 1994

Hysteresis In An Open Economy Model written by Terry O'Shaughnessy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Apertura economica - Modelos categories.

Hysteresis Effects In Economics

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Author : Ansgar Belke
language : en
Publisher:
Release Date : 2014

Hysteresis Effects In Economics written by Ansgar Belke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.

Hysteresis Effects In A Model Of The Phillips Curve

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Author : Terry O'Shaughnessy
language : en
Publisher:
Release Date : 1993

Hysteresis Effects In A Model Of The Phillips Curve written by Terry O'Shaughnessy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Desempleo categories.

Hysteresis And Business Cycles

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Author : Ms.Valerie Cerra
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-29

Hysteresis And Business Cycles written by Ms.Valerie Cerra and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-29 with Business & Economics categories.

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.

Models Of Hysteresis

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Author : Augusto Visintin
language : en
Publisher: CRC Press
Release Date : 1993-06-05

Models Of Hysteresis written by Augusto Visintin and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-06-05 with Mathematics categories.

Hysteresis effects appear in several physical phenomena, such as ferromagnetism, ferroelectricity and plasticity. They also appear in many fields of engineering. This state-of-the-art volume provides a unique insight into this relatively new, but rapidly developing, topic of applied mathematics.

Secular Stagnation

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Author : Bas Van Aarle
language : en
Publisher:
Release Date : 2016

Secular Stagnation written by Bas Van Aarle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

To analyse the most important aspects of the Secular Stagnation hypothesis, this paper considers the effects of hysteresis in potential output in a New-Keynesian model that is extended with endogenous potential output. To do so, a number of simulations of relevant scenarios is undertaken. It is demonstrated that extending the New-Keynesian model with hysteresis has a number of crucial implications for macro-economic adjustment and macro-economic management. It is indicated how the model can contribute to a better understanding of a number of important elements of the Secular Stagnation hypothesis.

Theory Of Macroeconomic Hysteresis

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Author : Isaak D Mayergoyz
language : en
Publisher: World Scientific
Release Date : 2024-06-27

Theory Of Macroeconomic Hysteresis written by Isaak D Mayergoyz and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-27 with Business & Economics categories.

This book deals with the mathematical theory of macroeconomic hysteresis, which is the theory of aggregation of microeconomic hysteresis. Microeconomic sunk cost hysteresis is usually represented by relatively simple hysteresis loops with no discrete memory of past economic shocks. It turns out that macroeconomic aggregation leads to the formation of complex multibranch hysteresis with discrete memory of past economic shocks. Consequently, the macroeconomic aggregation of microeconomic hysteresis results in the emergence of new economic phenomena.In the book, the basic properties of macroeconomic hysteresis are mathematically studied. It is demonstrated that certain important properties of macroeconomic hysteresis (such as history-dependent branching, erasure effects of some past economic shocks, geometric features of macroeconomic hysteresis loops, etc.) are insensitive to specific structures of microeconomic hysteresis subject to aggregation. This suggests that the above properties may be viewed as universal. Furthermore, it is pointed out that these aggregation models have the prediction power of future macroeconomic branching, which may be employed for the prediction of future economic evolution.

Differential Models Of Hysteresis

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Author : Augusto Visintin
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-29

Differential Models Of Hysteresis written by Augusto Visintin and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-29 with Mathematics categories.

Hysteresis effects occur in science and engineering: plasticity, ferromagnetism, ferroelectricity are well-known examples. This volume provides a self-contained and comprehensive introduction to the analysis of hysteresis models, and illustrates several new results in this field.