Results 161 to 170 of about 4,076,104 (202)
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Journal of Monetary Economics, 2020
Abstract The New Keynesian (NK) cross is a graphical and analytical apparatus for heterogeneous-agent (HANK) models expressing key aggregate demand objects—MPC and multipliers—as functions of heterogeneity parameters. It affords analytical insights into monetary, fiscal, and forward guidance multipliers, and replicates the aggregate implications of ...
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Abstract The New Keynesian (NK) cross is a graphical and analytical apparatus for heterogeneous-agent (HANK) models expressing key aggregate demand objects—MPC and multipliers—as functions of heterogeneity parameters. It affords analytical insights into monetary, fiscal, and forward guidance multipliers, and replicates the aggregate implications of ...
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The Dynamically Extended Keynesian Cross and the Welfare-Improving Fiscal Policy
Economics Letters, 2007Abstract 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.
Masayuki Ōtaki
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Imperfect Competition, the Keynesian Cross, and Optimal Fiscal Policy
Economics Letters, 1998zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Linking the Keynesian Cross and the Production Possibilities Frontier
Journal of Economic Education, 1995This 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 ...
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Inflation Targeting and Macroeconomic Stability in a Post Keynesian Economy
Journal of Post Keynesian Economics, 2008 This paper examines the compatibility of inflation targeting with an economy that is Post Keynesian in character. We show that in a Post Keynesian environment, policymakers can both set and achieve an inflation target without adverse consequences for the
Gilberto Tadeu Lima, Mark Setterfield
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The Keynesian Cross: Graphical Interpretations of Effective Demand
2007The General Theory of Employment, Interest and Money by John Maynard Keynes led up to three cross-shaped graphical interpretations: the IS-LM model, the 45º model and the Z-D model. The first one was originated from Hicks (1937) well-known paper, despite the differences between his original version and the textbook versions.
Claudia Heller, Marina Dessotti
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The cross section of expected futures returns and the Keynesian hypothesis
Applied Financial Economics, 2003This 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.
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Patinkin’s Interpretation of ‘Keynes and the Keynesian Cross’
1990Professor 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.
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