120 records from EconBiz based on author Name

1. Joan Robinson's Phillips curve

McDonald, Ian Martin;
2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link

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2. Can Loss Aversion Shed Light on the Deflation Puzzle?

abstract

This paper argues that the application of loss aversion to wage determination can explain the deflation puzzle: the failure of persistently high unemployment to exert a persistent downward impact on the rate of inflation in money wages. This is an improvement on other theories of the deflation puzzle which simply assume downward wage rigidity; which are the hysteresis theory, the lubrication theory and the efficiency wage theory. The paper presents estimates that support the loss aversion explanation of the deflation puzzle for both the US and Australia. Furthermore, our estimation approach gives a more precise estimate of the potential rate of unemployment than does the natural rate approach and reveals a potential rate of unemployment for the US and Australia at the current time (end of 2017) of about 4% and 3.3% respectively

Lye, Jenny N.; McDonald, Ian Martin;
2019
Availability: Link Link
Citations: 2 (based on OpenCitations) Cited By

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3. Can loss aversion shed light on the deflation puzzle?

Lye, Jenny N.; McDonald, Ian Martin;
2019
Type: Graue Literatur; Non-commercial literature;
Availability: Link

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4. Can loss aversion shed light on the deflation puzzle?

Lye, Jenny N.; McDonald, Ian Martin;
2021
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link
Citations: 2 (based on OpenCitations) Cited By

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5. Ian M. McDonald : a review of his contributions to economics

Borland, Jeff;
2012
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability:

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6. "We will end up being a third rate economy … a banana republic" : how behavioural economics can improve macroeconomic outcomes

McDonald, Ian Martin;
2017
Type: Aufsatz in Zeitschrift; Article in journal;

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7. The economics of ageing

McDonald, Ian Martin;
2016
Type: Aufsatz in Zeitschrift; Article in journal;

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8. Social comparisons and reference group formation : some experimental evidence

McDonald, Ian Martin; Nikiforakis, Nikos; Olekalns, Nilss; Sibly, Hugh;
2009
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability:

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9. Behavioural macroeconomics and wage and price setting : developing some early insights of John Maynard Keynes and Joan Robinson

McDonald, Ian Martin;
2009
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link

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10. Demographic Change in Asia : The Impacton Optimal National Saving, Investment, and the Current Account

abstract

This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach. These calculations show the sensitivity of results to changing demographic structures on employment participation, labor productivity; and consumption demands. In particular, the simulations reveal that variations in prospective demographic change across economies cause considerable variations in the patterns of optimal national saving rates

McDonald, Ian Martin; McDonald, Ian Martin; Guest, Ross; Bésanger, Serge;
2000
Type: Arbeitspapier; Working Paper;
Availability: Link Link Link
Citations: 1 (based on OpenCitations) Cited By

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