Professoren
Prof. Dr. Leo Kaas

Prof. Dr. Leo Kaas

Publications in refereed journals

Is Dynamic General Equilibrium a Theory of Everything? (with Costas Azariadis) forthcoming in Economic Theory.

Asset Price Fluctuations without Aggregate Shocks (with Costas Azariadis) forthcoming in Journal of Economic Theory.

Human Capital and Growth Cycles (with Stefan Zink) forthcoming in Economic Theory.

Minimum Wage Increases Can Lead to Wage Reductions by Imperfectly Competitive Firms (with Ken Clark and Paul Madden),
forthcoming in Economic Letters.

Credit and Growth under Limited Commitment (with Costas Azariadis),
forthcoming in Macroeconomic Dynamics.

Imperfectly Competitive Cycles with Keynesian and Walrasian Features (with Paul Madden), European Economic Review, Vol. 49 (2005), 861-886.

Budgetary Policy and Unemployment Dynamics in an OLG Model with Collective Bargaining (with Leopold v.Thadden), The Economic Journal, Vol. 114 (2004), 867-889.

Non-Existence of Market-Clearing Wages When the Output Market is Imperfectly Competitive (with Paul Madden), Economics Letters, Vol. 84 (2004), 175-182. (Appendix with proof

A New Model of Equilibrium Involuntary Unemployment (with Paul Madden), Economic Theory, Vol. 23 (2004), 507-527. Appendix B to this paper

The Impact of Exchange Rate Volatility on Labor Markets: Europe versus United States (with Ansgar Belke), Journal of Economic Asymmetrics, Vol. 1, 21-50, 2004.

Exchange Rate Movements and Employment Growth: An OCA Assessment of the CEE Economies (with Ansgar Belke), Empirica, Vol. 31, 247-280, 2004.

Unemployment, Factor Substitution, and Capital Formation (with Leopold v.Thadden), German Economic Review, Vol. 4 (2003), 475-495.

Productive Government Spending, Growth, and Sequential Voting European Journal of Political Economy, Vol. 19 (2003), 227-246.

Money and Growth in a Production Economy with Multiple Assets (with Gerd Weinrich), Macroeconomic Dynamics, Vol. 7 (2003), 670-690.

Cournot-Walras Equilibrium without Profit Feedback Economics Bulletin, Vol. 4 (2001), 1-8

Indeterminacy of Intertemporal Equilibria under Imperfect Competition Economic Theory, Vol. 17 (2001), 307-323

Differential Savings, Factor Shares, and Endogenous Growth Cycles (with Volker Böhm) Journal of Economic Dynamics & Control , Vol. 24 (2000), 965-980

Multiplicity of Cournot Equilibria and Involuntary Unemployment Journal of Economic Theory, Vol. 80 (1998), 332-349

Stabilizing Chaos in a Dynamic Macroeconomic Model Journal of Economic Behavior & Organization, Vol. 33 (1998), 313-333


Other Publications

Dynamic Macroeconomics with Imperfect Competition Lecture Notes in Economics and Mathematical Systems, Vol. 475, Springer-Verlag, 1999

”Designing US-EU Atlantic Monetary Relations: The Impact of Exchange Rate Variability on Labor Markets on Both Sides of the Atlantic” (with Ansgar Belke and Daniel Gros), in The Open Economy Macromodel, W. Young and A. Arnon (eds.), Kluwer Academic Press.

Book review of Benassy, Jean-Pascal, “The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach”, The Economic Journal, Vol. 114, F358, 2004

Financial Market Integration and Loan Competition: When ist Entry Deregulation Socially Beneficial?, ECB Working Paper No. 403, 2004.


Working Papers

Limited Enforcement and Multiple Equilibria (with Costas Azariadis)

Endogenous Financial Development, Growth and Volatility (with Costas Azariadis)

Holdup in Oligopsonistic Labor Markets - a New Role for the Minimum wage (with Paul Madden)

Equal pay legislation may increase the pay gap (with Paul Madden)

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