Results 51 to 60 of about 49,442 (204)

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

Integrating Environmental Sustainability into Macroeconomic Frameworks: The Eco-Keynesian Cross

Revista Economia e Políticas Públicas
The ecological transition hinges on ecological structural change, necessitating smart macroeconomic policies. Incorporating ecological considerations into macroeconomic modelling constitutes a pivotal area of inquiry that examines the nexus between environmental sustainability and economic expansion.
Chiara Grazini, Giulio Guarini, José Luis Oreiro   +2 more
openaire   +1 more source

Cancer and Capitalism: Towards a Critical Sociological Agenda

Sociology Lens, EarlyView.
ABSTRACT This article considers the relationship between cancer and capitalism from the perspective of political economy. It argues that this perspective is crucial for producing a critical agenda in the sociological study of cancer, which has otherwise and traditionally neglected the question of capital as social totality.
Faisal Al‐Asaad
wiley   +1 more source

Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation

Metroeconomica, EarlyView.
ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
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  

Capital in Motion: Synthesizing the Circulation and Reproduction in a Multi‐Sector Growth Model

Metroeconomica, EarlyView.
ABSTRACT This paper analyzes Capital in Motion (CIM) in a capitalist economy, based on Karl Marx's Capital, Volume 2. It examines the circuit of capital, distinguishing between stock and flow variables, and integrates a multi‐sector growth model that combines the circuit and turnover of capital with the reproduction scheme.
Takashi Satoh
wiley   +1 more source

Monetary theory and monetary policy : reflections on the development over the last 150 years : [Version 8 Dezember 2012] [PDF]

, 2012
In this paper, we provide some reflections on the development of monetary theory and monetary policy over the last 150 years. Rather than presenting an encompassing overview, which would be overambitious, we simply concentrate on a few selected aspects ...
Issing, Otmar, Wieland, Volker
core  

Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis

Metroeconomica, EarlyView.
ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
wiley   +1 more source

Inventories, Inflation Dynamics and the New Keynesian Phillips Curve [PDF]

We introduce inventories into an otherwise standard New Keynesian model and study the implications for in.ation dynamics. Inventory holdings are motivated as a means to generate sales for demand-constrained .rms.
Thomas A Lubik, Wing Teong Teo
core  

Monetary theory and monetary policy : reflections on the development over the last 150 years [PDF]

, 2012
In this paper, we provide some reflections on the development of monetary theory and monetary policy over the last 150 years. Rather than presenting an encompassing overview, which would be overambitious, we simply concentrate on a few selected aspects ...
Issing, Otmar, Wieland, Volker
core   +1 more source