A Keynesian perspective on the health economics of kidney transplantation would strengthen the value of the whole organ donation and transplantation service. [PDF]
Front Public Health, 2023 Leonardis F +10 more
europepmc +1 more source
To Save or To Consume: Linking Growth Theory to with Keynesian Model [PDF]
In the neoclassical growth theory, higher saving rate gives rise to higher output per capita. However, in the Keynesian model, higher saving rate causes lower consumption, which may lead to a recession.
Yun-Kwong Kwok
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Rationality, inequality, and the output gap: evidence from a disaggregated Keynesian cross diagram
Journal of Economic Interaction and CoordinationAbstract This paper examines the conditions under which a representative agent (RA) model can accurately approximate the output of a multi-agent model that assumes many interacting agents. The study compares the widely used Keynesian cross diagram, which employs a representative agent, to an extended model that explicitly considers multiple ...
openaire +2 more sources
The New Keynsesian Economics and the Output-Inflation Trade-off [PDF]
macroeconomics, New Keynsesian Economics, Output-Inflation Trade ...
David Romer +2 more
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Understanding the New Keynesian model when monetary policy switches regimes [PDF]
This paper studies a New Keynesian model in which monetary policy may switch between regimes. We derive sufficient conditions for indeterminacy that are easy to implement and we show that the necessary and sufficient condition for determinacy, provided ...
Daniel F. Waggoner +2 more
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Monetary Policy for Inattentive Economies [PDF]
This paper is a contribution to the analysis of optimal monetary policy. It begins with a critical assessment of the existing literature, arguing that most work is based on implausible models of inflation-output dynamics.
Laurence Ball +2 more
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Intratemporal elasticity of substitution between private and public consumption: new evidence and implications. [PDF]
Empir Econ, 2023 Francois JN, Keinsley A.
europepmc +1 more source
Inequality, fiscal policy and COVID19 restrictions in a demand-determined economy. [PDF]
Eur Econ Rev, 2021 Auerbach AJ, Gorodnichenko Y, Murphy D.
europepmc +1 more source
Maximum Likelihood Estimation of Dynamic Stochastic Theories with an Application to New Keynesian Pricing [PDF]
This paper proposes a novel Maximum Likelihood (ML) strategy to estimate Euler equations implied by dynamic stochastic theories. The strategy exploits rational expectations cross-equation restrictions, but circumvents the problem of multiple solutions ...
André Kurmann
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A framework for the analysis of self-confirming policies. [PDF]
Theory Decis, 2022 Battigalli P +4 more
europepmc +1 more source