Results 101 to 110 of about 49,442 (204)
On the Low Degree of Entropy Implied by the Solutions of Modern Macroeconomic Models. [PDF]
Entropy (Basel), 2022 Nymoen R.
europepmc +1 more source
Disequilibrium Macroeconomic Dynamics, Income Distribution and Wage-Price Phillips Curves [PDF]
The authors of this paper formulate a disequilibrium AS-AD model based on sticky wages and prices, perfect foresight of current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates.
Christian Proano +3 more
core
Unemployment, Job Flows and Hours in a New Keynesian Model [PDF]
New Keynesian models attempt to account for economic fluctuations under nominal rigidities without modelling unemployment. They struggle to generate observed output and inflation persistence.
Richard Holt
core
New Classicals and Keynesians, or the Good Guys and the Bad Guys [PDF]
Old- style Keynesian models relied on sticky prices or wages to explain unemployment and to argue for demand-side macroeconomic policies. This approach relied increasingly on a Phillips-curve view of the world, and therefore lost considerable prestige ...
Robert J. Barro
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Extreme Events, Entrepreneurial Start-Ups, and Innovation: Theoretical Conjectures. [PDF]
Econ Disaster Clim Chang, 2021 Gries T, Naudé W.
europepmc +1 more source
Dual Wage Rigidities: Theory and Some Evidence [PDF]
This paper investigates wage dynamics assuming the potential presence of dual wage stickiness: with respect to both the frequency as well as the size of wage adjustments.
Kim, Insu
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Short-run Macroeconomic Effects of Discretionary Fiscal Policy Changes [PDF]
The standard Keynesian view of fiscal policy holds that in short-run fiscal adjustments (expansions) reduce (stimulate) aggregate demand and due to sticky wages, prices or other market rigidities, these demand shifts affect the factors of production and ...
Joanna Siwinska-Gorzelak, Piotr Bujak
core
An avenue for expansionary fiscal contractions [PDF]
Expansionary fiscal contractions were first illustrated by several fiscal episodes that occurred in Europe during the 1980s. This paper suggests a simple analytical textbook model that encompasses both Keynesian and non-Keynesian effects of fiscal policy.
Afonso, António
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Do government outlays crowd-out private consumption? Evidence from the European Union. [PDF]
PLoS OneBölükbaşı ÖF, Çolak O.
europepmc +1 more source
Liquidity constraints and the Keynesian corridor [PDF]
Economics ...
Klundert, T.C.M.J. van de +1 more
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