Results 41 to 50 of about 4,076,104 (202)

Impacts of Regional Integration and Market Liberalization on Bilateral Trade Balances of Selected East African Countries: Potential Implications of the African Continental Free Trade Area

Economies
This study examined the effect of free trade on intra-African bilateral trade balances for Kenya, Rwanda, Uganda, and Tanzania to assess the potential implications of the African Continental Free Trade area. The four countries have experienced persistent
Perez Onono, Francis Omondi, Alice Mwangangi   +2 more
doaj   +1 more source

The Relational Character of Canadian Nation‐Building Infrastructure in the 21st Century

Canadian Public Administration, EarlyView.
Abstract Infrastructure development is central to Canada's nation‐building process. This article argues that the federal government has recalibrated its nation‐building mandate from unilateral state command to relational orchestration. Through thematic analysis of thirty‐eight policy documents related to three federal infrastructure plans (2007–2016 ...
Alaz Munzur, Katharina Koch
wiley   +1 more source

Climate Uncertainty and Financial Subordination: Evidence From a Two‐Country Stock‐Flow Consistent Model

European Financial Management, EarlyView.
ABSTRACT In the face of climate change, uncertainty is deep, systemic, and does not propagate amid an institutional vacuum, contrary to assumptions often underlying existing macroeconomic climate models. The paper presents a macroeconomic Stock‐Flow Consistent model to examine the impact of climate‐related financial pressures under fundamental ...
Riccardo D'Orsi
wiley   +1 more source

When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation

International Economic Review, EarlyView.
ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
wiley   +1 more source

Perfect Competition and the Keynesian Cross:Revisiting Tobin [PDF]

I look at an exogenous decrease in the desire to save in a two-sector-two-period overlapping generations model, where the consumption good is capital-intensive and the elasticities of substitution in production are "small".
Partha Sen
core  

The Fatalist–Voluntarist Tension: On the Subjective Foundations of Authoritarian Nationalist Neoliberalism

Constellations, EarlyView.
Mirela Ivanova
wiley   +1 more source

Heterogeneous Markups Cyclicality and Monetary Policy

International Economic Review, EarlyView.
ABSTRACT This paper studies aggregate markup cyclicality through firm‐level heterogeneity, reallocation, and aggregation. Using the U.S. firm data for 1990–2016, we find that markups are procyclical for young firms and countercyclical for older firms following monetary policy shocks. Economic activity also reallocates modestly toward young firms.
Andrea Chiavari, Marta Morazzoni, Danila Smirnov   +2 more
wiley   +1 more source

Keynesian Theory in "Macroeconomics" Course for non-core faculties

Vestnik MGIMO-Universiteta, 2016
The article deals with the issues related to the teaching of Keynesian theory within the scope of macroeconomics course at the faculties of non-economic professions.
Tatyana Ivanovna Kurnosova, Iskra Evseevna Rudakova   +1 more
doaj   +2 more sources

Policy Biases in a Model with Labor‐Market Frictions

Journal of Money, Credit and Banking, EarlyView.
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley   +1 more source

New-Consensus Macroeconomic Governance in a Keynesian world, and the Keynesian alternative [PDF]

The paper presents both the New Consensus and Keynesian equilibrium within the usual fourcompetitive macro-markets structure. It gives theoretical explanations of the perniciouseffects that the NCM governance, which has been designed for ergodic ...
Angel Asensio
core