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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 ...
Bilbiie, F.O.
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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.
Leslie J Reinhorn
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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 ...
Roger W Garrison
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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 Otaki
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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.
Joelle Miffre
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Patinkin's interpretation of Keynes and the Keynesian cross
History of Political Economy, 1989exaly +2 more sources
The Keynesian Cross: Graphical Interpretations of Effective Demand
SSRN Electronic Journal, 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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