Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis
Metroeconomica, Volume 77, Issue 3, Page 265-273, July 2026.ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
wiley +1 more source
Inflation Dynamics and the Cross-Sectional Distribution of Prices in the E.U. Periphery [PDF]
We explore the connection between inflation and its higher-order moments for three economies in the periphery of the European Union (E.U.), Greece, Portugal and Spain.
Constantina Kottaridi +2 more
core
Modern Monetary Theory: A Solid Theoretical Foundation of Economic Policy? [PDF]
Atl Econ J, 2021 Prinz AL, Beck H.
europepmc +1 more source
Social Policy &Administration, Volume 60, Issue 4, Page 606-616, July 2026.ABSTRACT This study examines why Japan's social care reforms of the early 1970s led to a generous elderly care system but only modest and narrowly targeted support for children. Although child allowances and free medical care for the elderly were introduced almost simultaneously, they followed sharply divergent paths.
Ryotaro Takahashi
wiley +1 more source
Non-Robust Dynamic Inferences from Macroeconometric Models: Bifurcation Stratification of Confidence Regions [PDF]
Grandmont (1985) found that the parameter space of the most classical dynamic models are stratified into an infinite number of subsets supporting an infinite number of different kinds of dynamics, from monotonic stability at one extreme to chaos at the ...
Barnett, William A., Duzhak, Evgeniya A.
core +2 more sources
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
Supply, demand and monetary policy shocks in a multi-country new Keynesian model
, 2010 This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates ...
Smith, V. +6 more
core
Monetary Policy, Rule-of-Thumb Consumers and External Habits: A G7 Comparison [PDF]
This paper extends the standard New Keynesian dynamic stochastic general equilibrium (DSGE) model to agents who cannot smooth consumption (i.e. spenders) and are affected by external consumption habits. Although these assumptions are not new, their joint
Massimiliano Tancioni +2 more
core
The new Keynesian economics and the output-inflation trade-off
This letter reconsiders the empirical tests of the new Keynesian and new classical models performed by Ball Mankiw and Romer and Akerlof, Rose and Yellen.
George Katsimbris, Stephen Miller
core +1 more source
Flattened Inflation-Output Tradeoff and Enhanced Anti-Inflation Policy: Outcome of Globalization? [PDF]
The paper provides a unified analysis of globalization effects on the Phillips curve and monetary policy, in a New-Keynesian framework. The main proposition of the paper is twofold.
Assaf Razin, Alon Binyamini
core