Results 51 to 60 of about 2,336 (200)

Inflation in Theory and Practice: A Comprehensive Review of the Literature From the Great Inflation to the 2020s Surge

Journal of Economic Surveys, EarlyView.
ABSTRACT The post‐pandemic inflationary spike brought inflation back to the forefront of academic research. In the debate about the origin and nature of the 2020s inflation, economists have been divided into the following two main camps: the demand‐pull camp, which attributed inflation to excess demand and linked it to fiscal and monetary stimulus put ...
Vicente Ferreira
wiley   +1 more source

Imperfectly Competitive Cycles with Keynesian and Walrasian Features [PDF]

We consider a multi-sector overlapping generations model with imperfectly competitive firms in the output markets and wage setting trade unions in the labour markets.
Madden, Paul, Kaas, Leo
core  

Aviation and the European Union Emission Trading System: A Bibliometric and Thematic Review

Journal of Economic Surveys, EarlyView.
ABSTRACT Aviation is generally recognized as one of the most carbon intensive forms of transport. In order to tackle aviation's environmental impact, in 2012 the sector has been (partially) included in the European Union Emission Trading System (EU ETS), a market‐based mitigation mechanism designed to put a price on carbon emissions and create an ...
Riccardo Colantuono
wiley   +1 more source

Cash Heterogeneity and the Payout Channel of Monetary Policy

The Journal of Finance, EarlyView.
ABSTRACT This paper provides novel empirical evidence that cash‐rich firms have higher equity payouts and higher stock prices in response to expansionary monetary policy surprises. Stock prices rise despite weak cash‐flow, investment, and credit responses to monetary policy.
ALTAN PAZARBAŞI
wiley   +1 more source

Inflation Inequality Across Household Income Groups in Brazil: Persistence, Trend and Volatility

The Manchester School, EarlyView.
ABSTRACT This article investigates inflation inequality across four income strata in Brazil (very low, low, middle, and high income) from July 2006 to April 2025, using the Headline IPCA as a benchmark. We test the hypothesis that inflation dynamics and transmission mechanisms are structurally unequal and disproportionately affect lower‐income ...
Sinara do Valle, Cleomar Gomes da Silva
wiley   +1 more source

Is the New Keynesian Phillips curve flat? [PDF]

Macroeconomic data suggest that the New Keynesian Phillips curve is quite flat - despite microeconomic evidence implying frequent price adjustments.
Stölting, Sarah, Müller, Gernot J., Kuester, Keith   +2 more
core  

Keynes, investment, unemployment and expectations

, 2009
In Keynes' General Theory, investment determines effective demand, which determines unemployment and the labour market plays a negligible role. In New Keynesian models, labour market institutions determine the natural rate of unemployment and the speed ...
Smith, Ron P., Gylfi Zoega, Zoega, Gylfi, Ron Smith   +3 more
core   +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   +2 more sources

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

Non-Keynesian effects of fiscal contraction in new member states [PDF]

Many economists are convinced that longer-term benefits from fiscal consolidation are in a trade-off with short-term deceleration in output growth. However, more recent research suggests that curbing fiscal imbalances contributes to faster growth already
Rzonca, Andrzej, Cizkowicz, Piotr
core