Results 161 to 170 of about 49,442 (204)

Linking the Keynesian Cross and the Production Possibilities Frontier

The Journal of Economic Education, 1995
This artidc shows how linking the Keynesian cross and the production possibilities frontier can yield worthwhile results while maintaining analytical simplicity. It demonstrates how this particular blend of Keynesian and classical tools can show the scope and limitations of each and provide the basis for teaching about other schools of macroeconomic ...
openaire   +1 more source

Imperfect competition, the Keynesian cross, and optimal fiscal policy

Economics Letters, 1998
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +2 more sources

The cross section of expected futures returns and the Keynesian hypothesis

Applied Financial Economics, 2003
This article identifies some shortcomings in the tests of the Keynesian hypothesis implemented so far. The previous studies either assume integration between futures and equity markets or rely on a methodology that might produce incorrect inferences regarding the presence of a futures risk premium.
openaire   +1 more source

The dynamically extended Keynesian cross and the welfare-improving fiscal policy

Economics Letters, 2007
Abstract We construct a dynamic Keynesian cross. The dynamic extension allows for seigniorage on government financing in lieu of lump sum taxation. Because seigniorage imposes no tax burden, expansionary fiscal policy improves welfare even if wasteful.
openaire   +1 more source

Patinkin’s Interpretation of ‘Keynes and the Keynesian Cross’

1990
Professor Patinkin (1988) has provided yet another interesting but, in my view, incorrect attempt to redeem the 45° cross as the ‘proper’ interpretation of Keynes’s General Theory. Patinkin rejects the Fusfeld (1985) description of a report by Arthur E.
openaire   +1 more source

Government Spending in a Neo-Walrasian Economy: An Alternative to the Keynesian Cross Analysis

Southern Economic Journal, 1974
In the past two decades there has been a resurgence of interest in providing microeconomic underpinnings to macroeconomic theory. There are several noteworthy examples. Franco Modigliani and Richard Brumberg [11] use the theory of consumer behavior in the development of the "lifecycle" hypothesis of consumption.' Dale Jorgensen [7] uses the theory of ...
openaire   +1 more source

Sectoral inflationary dynamics: cross-country evidence on the open-economy New Keynesian Phillips Curve

Review of World Economics, 2019
This paper empirically evaluates the significance of domestic and external factors on two-digit sectoral inflation dynamics in a sample of OECD countries using open-economy New Keynesian Phillips Curve models. It focuses on the independent impacts of imported consumption goods and intermediate inputs on sectoral inflation dynamics to investigate ...
openaire   +1 more source

Keynes and the Keynesian Cross: a Further Note, with a Reply by Daniel R. Fusfeld

History of Political Economy, 1989
All references to the writings of Keynes are to the new edition of his Collected writings. Specific volumes in these Writings will be referred to as, e. g., JMK XI, JMK XIII, and so forth. For convenience, the General theory will sometimes be further abbreviated to GT.
openaire   +1 more source

Evaluating monetary policy of the euro area with cross-country heterogeneity: Evidence from a New Keynesian model

Economic Systems, 2009
Abstract This paper empirically investigates the optimal monetary policy conduct for the euro area in the presence of heterogeneous economic conditions across member states. Based on the New Keynesian monetary framework, we compare welfare losses under the assumption that the central bank conducts monetary policy using area-wide aggregate data ...
openaire   +1 more source

Implications of New Keynesian Theory for Research Design: Differences Induced by Cross-Country Variations in Exchange Rate Regimes

SSRN Electronic Journal, 2014
Relative to free floating exchange rate regimes, I find the adoption of a hybrid exchange rate regime induces alternate research questions within the context of new Keynesian theory. Specifically, while exchange rates are measures of differences in monetary equilibria within a cross-section of countries that run free floating exchange rate regimes, it ...
openaire   +1 more source