Decisions on investment allocation in the post-Keynesian growth models [PDF]
In this article the analysis developed by Feldman (1928) and Mahalanobis (1953) are incorporated to the Post-Keynesian Growth Model to consider the decisions of investment allocation on economic growth.
Teixeira, Joanílio Rodolpho +1 more
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Job Reallocation, Unemployment and Hours in a New Keynesian Model [PDF]
This paper focusses on the reallocation of labour resources in a New Keynesian environment with labour market search and endogenous separations.
Richard W P Holt
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New Keynesian Model Features that Can Reproduce Lead, Lag and Persistence Patterns [PDF]
This paper uses a new method for describing dynamic comovement and persistence in economic time series which builds on the contemporaneous forecast error method developed in den Haan (2000).
Vázquez Pérez, Jesús +1 more
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On Keynesian effects of (apparent) non-Keynesian fiscal policies [PDF]
The aim of the paper is to evaluate the robustness of the theory that claims for restrictive effects of expansionary fiscal policy. It shows that such socalled “non-Keynesian effects” may arise as a consequence of a synchronous and opposite monetary ...
Oreste Napolitano +3 more
core +2 more sources
Unemployment, inflation and monetary policy in a dynamic New Keynesian model with hiring costs [PDF]
The dynamic general equilibrium model with hiring costs presented in this paper delivers involuntary unemployment in the steady state and involuntary fluctuations in unemployment.
Andrea BOITANI +2 more
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Forecasting Canadian Time Series With the New-Keynesian Model [PDF]
This paper documents the out-of-sample forecasting accuracy of the New Keynesian Model for Canada. We estimate our variant of the model on a series of rolling subsamples, computing out-of-sample forecasts one to eight quarters ahead at each step.
Kevin Moran, Mohamed Gammoudi, Ali Dib
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Business Cycle Implications of Internal Consumption Habit for New Keynesian Model [PDF]
This paper studies the implications of internal consumption habit for propagation and monetary transmission in new Keynesian dynamic stochastic general equilibrium (NKDSGE) models.
Takashi Kano, James M. Nason
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The Cost Channel of Monetary Policy in a Post Keynesian Macrodynamic Model of Inflation and Output Targeting [PDF]
This paper contributes to the debate about whether or not inflation targeting is compatible with Post Keynesian economics. It does so by developing a model that takes into account the potentially inflationary consequences of interest rate manipulations ...
Gilberto Tadeu Lima, Mark Setterfield
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DSGE model-based estimation of the New Keynesian Phillips curve [PDF]
This paper surveys estimates of New Keynesian Phillips curve (NKPC) parameters that have been obtained by fitting fully specified dynamic stochastic general equilibrium (DSGE) models to U.S. data.
Frank Schorfheide
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Dynamics and monetary policy in a fair wage model of the business cycle [PDF]
We first build a fair wage model in which effort varies over the business cycle. This mechanism decreases the need for other sources of sluggishness to explain the observed high inflation persistence.
de la Croix, David +2 more
core +2 more sources