BOOK ANNOUNCEMENT | SCEPA Economist Willi Semmler published a new book, Reconstructing Keynesian Macroeconomics Volume 3…

WORKING PAPER | This paper investigates the role of the state of confidence for the macroeconomic dynamics of two interacting economies using the opinion dynamics approach.

WORKING PAPER | This paper sets up a baseline, advanced and complete model representing goods market dynamics, heterogeneous labor markets, wage-price adjustment processes, and counter-cyclical government policies.

WORKING PAPER | This paper studies the implications of the present broad banking system for macroeconomic stability.

WORKING PAPER | The authors offer results of a non-parametric estimate of the US wage- Phillips Curve as a simplified version of the model of the wage-price spiral by Flaschel and Krolzig.