Do Agency Relations Mediate the Interaction between Firms’ Financial Policies and Business Cycles?

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

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Institutions as the Ordering Factor and as the Destabilizing Force: New Institutional and Post Keynesian Perspectives

Voprosy Ekonomiki ◽

10.32609/0042-8736-2006-8-102-118 ◽

2006 ◽

pp. 102-118 ◽

Cited By ~ 3

Author(s):

A. Skorobogatov

Keyword(s):

Economic Policy ◽

Business Cycles ◽

Institutional Theory ◽

Institutional Environment ◽

Institutional Arrangements ◽

Economic Stability ◽

Forward Contracts

The paper is dedicated to the New Institutional and Post Keynesian perspectives on institutions and their relation to economic stability. Embeddedness, institutional environment, and institutional arrangements are considered. Within these institutions conventional expectations, the economic policy and forward contracts are analyzed. Upon these perspectives the author shows a contradictory relation between institutions and the order and develops an institutional theory of business cycles.

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J. Tobin's Monetary Dynamic Model and the Analysis of Russian Economy

Voprosy Ekonomiki ◽

10.32609/0042-8736-2009-3-70-93 ◽

2009 ◽

pp. 70-93

Author(s):

V. Manevich

Keyword(s):

Dynamic Model ◽

Economic Thought ◽

Financial Policies ◽

Russian Economy ◽

Q Theory ◽

Keynesian Economic ◽

The Relationship ◽

Monetary Assets

The paper considers the monetary dynamic model developed by J. Tobin, the leader of Keynesian economic thought in 1970-1990. Particularly, the author examines q-theory of investment proposed by Tobin which allows to expose the relationship between supply of monetary assets and investment in real capital. Application of various tools of monetary and financial policies is also considered in its different forms. The author aspires to use Tobin's model for the analysis of processes existing in the Russian economy and to test theoretical propositions and relationships elaborated by Tobin on Russian statistics.

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