Results 171 to 180 of about 2,336 (200)
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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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Keynes and the Keynesian Cross: a Further Note, with a Reply by Daniel R. Fusfeld
History of Political Economy, 1989All 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.
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Government Spending in a Neo-Walrasian Economy: An Alternative to the Keynesian Cross Analysis
Southern Economic Journal, 1974In 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 ...
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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 ...
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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 ...
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SSRN Electronic Journal, 2010
In this paper, it will be demonstrated that a "dollar for dollar" crowding out of national investment caused by increased government spending is not just something that occurs within classical macroeconomic models. The reason for this is that in a closed economy Keynesian cross model with ignores money, national savings, or Y - C - G, is equal to ...
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In this paper, it will be demonstrated that a "dollar for dollar" crowding out of national investment caused by increased government spending is not just something that occurs within classical macroeconomic models. The reason for this is that in a closed economy Keynesian cross model with ignores money, national savings, or Y - C - G, is equal to ...
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Is the New Keynesian Explanation of the Great Dis-Inflation Consistent with the Cross Country Data? [PDF]
, 2010 A leading explanation of long run U.S. inflation trends attributes both the fall of inflation in the 1980s and the subsequent years of low and stable inflation to well run monetary policy pinning down inflationary expectations. Most other OECD economies experienced a similar rise and fall of inflation, as well as subsequent low and stable inflation ...
Matthew Doyle, Jean-Paul Lam
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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 ...
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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 ...
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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 ...
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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 ...
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Teaching the COVID-19 lockdown using the Keynesian Cross
Journal of Economic Education, 2023Florian Sniekers
exaly