Results 81 to 90 of about 2,328 (225)

Modigliani and Keynes

open access: yesPSL Quarterly Review, 2005
The first article published by Franco Modigliani has become one of the basic texts of the modern Keynesian economics. It formalized the model (or at least one model) implicit in the General Theory.
Robert M. Solow
doaj  

Weak Exogeneity, Driving Trends and Non‐Causality. Is Dynamic Adjustment Informative About Causality?

open access: yesOxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT In VECMs (or CVARs), the weak exogeneity of some of the variables (for the long‐run parameters) is related to the equilibrium adjustment dynamics. This has sometimes led to the statistical concept of weak exogeneity being given a causal interpretation.
Emanuele Lopetuso, Michael P. Clements
wiley   +1 more source

"KEYNESIANS", MONETARISTS, NEW CLASSICALS AND NEW KEYNESIANS: A POST KEYNESIAN CRITIQUE

open access: yes, 2009
Este artigo apresenta urna resenha das principais Interpretações teóricas ortodoxas da "Teoria Geral" e das concepções monetarista e novo-clássica, criticas às idéias de Keynes contidas na referida obra. Procura-se também mostrar, à luz da teoria pós-keynesiana, que essas interpretações e críticas apresentam inconsistências lógicas quando confrontadas ...
openaire   +2 more sources

Kalman Filter Learning, Bounded Rationality and Informational Consistency

open access: yesOxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT We develop a behavioural New Keynesian model with rational (RE) and boundedly rational (BR) agents. The latter are anticipated utility learners and use simple heuristic rules to forecast aggregate variables exogenous to their micro‐environment.
Szabolcs Deák   +3 more
wiley   +1 more source

Learning From 25 Years of Changes in Business Tax Policy

open access: yesPublic Budgeting &Finance, EarlyView.
Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
wiley   +1 more source

The reaction of firms' expectations to monetary policy: evidence from Norwegian firms

open access: yesThe Scandinavian Journal of Economics, EarlyView.
Abstract An important transmission channel of monetary policy is the expectations channel. However, although this channel is important in theory, it has received limited attention in the empirical literature. One reason for this lack of focus is the scarcity of data on firms' expectations.
Jon Ellingsen
wiley   +1 more source

Moneda, intercambios efectivos y desempleo keynesiano

open access: yesLecturas de Economía, 2003
This paper aims at building up a simple model of a decentralized monetary economy with Keynesian unemployment. The existence of involuntary unemployment is based on the organization of trades.
Ludovic Julien
doaj  

Anchoring of inflation expectations and the role of monetary policy and cost‐push factors

open access: yesThe Scandinavian Journal of Economics, EarlyView.
Abstract This paper studies the anchoring of inflation expectations at the individual forecaster level. It proposes a novel measure of anchoring based on both point and density forecasts, and uses data from the European Central Bank Survey of Professional Forecasters to examine its co‐movement with expectations about monetary policy and key cost‐push ...
Robert L. Czudaj
wiley   +1 more source

Withdrawing State? Spatiotemporal Geography of State Employment in Finland

open access: yesTijdschrift voor Economische en Sociale Geografie, EarlyView.
Abstract Using a novel dataset, we examine whether state jobs have centralised away from rural municipalities to larger cities in Finland, and how this process has affected regional disparities. Additionally, we test whether the centralisation of state jobs reflects state withdrawal or an adaptation to population decline.
Simo Rautiainen   +2 more
wiley   +1 more source

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