Results 21 to 30 of about 49,442 (204)
Crossing boundaries: an assessment to the influence of post-Keynesianism on developmental macroeconomics [PDF]
Brazilian Journal of Political Economy, 2018 ABSTRACT Developmental macroeconomics, the economic theory that grounds new developmentalism, is a heterodox approach whose establishment was deeply influenced by dissonant schools of thought. Among these, post-Keynesianism occupies a special place. This essay aims at identifying the aspects of developmental macroeconomics in which this post-Keynesian ...
SILVA,VICTOR CRUZ E, CURADO,MARCELO
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The Intertemporal Keynesian Cross
, 2018 We demonstrate the importance of intertemporal marginal propensities to consume (iMPCs) in disciplining general equilibrium models with heterogeneous agents and nominal rigidities. In a benchmark case, the dynamic response of output to a change in the path of government spending or taxes is given by an equation involving iMPCs, which we call the ...
Adrien Auclert +2 more
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Teaching the COVID-19 lockdown using the Keynesian Cross
The Journal of Economic Education, 2022 I present a framework to teach the macroeconomic effects of COVID-19 using the Keynesian Cross. I show that the rest of the economy suffers from a decline in demand once one sector of the economy is shut down and that the government spending and tax multipliers are smaller than usual.
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Bifurcation analysis of the Keynesian cross model
, 2023 This study rigorously investigates the Keynesian cross model of a national economy with a focus on the dynamic relationship between government spending and economic equilibrium. The model consists of two ordinary differential equations regarding the rate of change of national income and the rate of consumer spending. Three dynamic relationships between
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Macroeconomic Modeling of Tax Policy: A Comparison of Current Methodologies [PDF]
, 2017 The macroeconomic effects of tax reform are a subject of significant discussion and controversy. In 2015, the House of Representatives adopted a new “dynamic scoring” rule requiring a point estimate within the budget window of the deficit effect due to ...
Auerbach, Alan J. +9 more
core +2 more sources
Transmission mechanisms in HANK: An application to Chile
Latin American Journal of Central BankingHouseholds in emerging economies are subject to significant income risk and have low access to financial markets. Leveraging multiple administrative microdata sources, this paper documents significant heterogeneity in asset holdings, income, and income ...
Benjamín García +3 more
doaj +1 more source
, 2023 We study monetary policy transmission across space. Empirically, we show that two channels explain a sizable portion of the variation in the regional effects of identified U.S. monetary policy shocks: local marginal propensities to consume (MPCs), as captured by household wealth, and industry composition, as measured by the local share of non-tradable ...
Bellifemine, M, Couturier, A, Jamilov, R
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Business Strategy and the Environment, EarlyView.ABSTRACT Amid growing resource pressures, environmental regulation plays a critical role in enabling the transition to a circular economy (CE). This study conducts a systematic literature review to synthesize how different regulatory approaches—command‐and‐control, market‐based, voluntary, and reflexive—affect CE transitions across economic and ...
Li Yuan
wiley +1 more source
The EU's Strategy for Sustainability: A Landmark Turn With the European Green Deal?
European Policy Analysis, EarlyView.ABSTRACT While the European Green Deal (EGD) has been widely recognized as a milestone in the EU's sustainability strategy, scholars disagree on the nature of the policy change it represents. Critics highlight its limited social and environmental ambitions, despite its portrayal as a “man on the moon” moment.
Ekaterina Domorenok, Franco Gatti
wiley +1 more source