Results 61 to 70 of about 167,361,125 (132)

Technology, utilization and inflation: what drives the New Keynesian Phillips Curve? [PDF]

open access: yes
We argue that the New-Keynesian Phillips Curve literature has failed to deliver a convincing measure of “fundamental inflation”. We start from a careful modeling of optimal price setting allowing for non-unitary factor substitution, non-neutral technical
Willman, Alpo, McAdam, Peter
core  

A (Post-) Keynesian perspective on "financialisation" [PDF]

open access: yes
Post-Keynesian demand driven distribution and growth models, based on the notion of distribution conflict between different groups, have been critical regarding the macroeconomic effects of 'financialisation'. In the present paper, firstly, we attempt to
Eckhard Hein
core  

The New Keynesian Phillips Curve and Lagged Inflation: A Case of Spurious Correlation? [PDF]

open access: yes
The New Keynesian Phillips Curve (NKPC) specifies a relationship between inflation and a forcing variable and the current period’s expectation of future inflation.
George S. Tavlas   +3 more
core  

The Adverse Effects of Government Spending on Private Consumption in New Keynesian Models [PDF]

open access: yes
Empirical evidence shows that government spending crowds in private consumption, a Keynesian phenomenon. The current state of the art, New Keynesian models based on optimising households and _rms, is not able to predict such a result.
Muysken, Joan   +2 more
core  

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