This research discusses a new paradigm in Islamic macroeconomics, where conventional macroeconomic instruments, namely interest, have not been able to carry out or reduce the number of national crises that often occur Indonesia. is descriptive qualitative with Literature review approach. The results obtained, macroeconomics instruments can flatten economy, instrument question profit sharing sys...

In less than a decade, sharing economy platforms have fostered competition and redefined industry boundaries in a range of businesses. Two sharing economy pioneers—Uber and Airbnb—are now well-known global giants and leading players in the sector, which is estimated to reach $335 billion by 2025.3 At the other end of the spectrum are small startups focusing on different niches; several hundreds...

Since the end of 1970's-and the success of the New Classical School –, the face of macroeconomics has changed profoundly. On the one hand, the research has turned gradually away from the analysis of the short-term fluctuations to favor a study of the long term determining factors of macroeconomic variables. One has studied the determinants of growth and has interpreted the cycles as fluctuation...

This paper proposes an equilibrium theory of nominal exchange rates, which offers a new perspective on various issues in open economy macroeconomics. The rate and portfolio choices are jointly determined equilibrium, thus providing approach to overcoming the indeterminacy results Kareken Wallace (1981). distinctive features this that is international financial markets, risk premium UIP deviatio...

The label “Keynes-Negishi equilibria” is attached here to equilibria in a monetary economy with imperfectly competitive product and labor markets where business firms and labor unions hold demand perceptions with kinks as posited in Negishi’s 1979 book Microeconomic Foundations of Keynesian Macroeconomics. Such equilibria are defined in a general equilibrium model, and shown to exist. Methodolo...

This chapter develops a toolkit of neoclassical macroeconomic models, and applies these models to the U.S. economy from 1929 through 2014. We first filter macroeconomic time series into business cycle and long-run components, and show that the long-run component is typically much larger than the business cycle component. We argue that this empirical feature is naturally addressed within neoclas...

We raise fundamental questions about macroeconomics relevant to escaping the financial and economic crisis and shifting to a sustainable economy. First, the feasibility of decoupling environmental pressure from aggregate income is considered. Decoupling as a single environmental strategy is found to be very risky. Next, three main arguments for economic growth are examined: growth as progress, ...