Results 61 to 70 of about 49,442 (204)
Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages
Metroeconomica, EarlyView.ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley +1 more source
US Inflation Dynamics 1981-2007: 13,193 Quarterly Observations [PDF]
The new Keynesian Phillips curve (NKPC) restricts multivariate forecasts. I estimate and test it entirely within a panel of professional forecasts, thus using the time-series, cross-forecaster, and cross-horizon dimensions of the panel.
Gregor W. Smith
core
Fiscal stimulus and the promise of future spending cuts: a comment [PDF]
, 2009 Recent evaluations of the fiscal stimulus packages recently enacted in the United States and Europe such as Cogan, Cwik, Taylor and Wieland (2009) and Cwik and Wieland (2009) suggest that the GDP effects will be modest due to crowding-out of private ...
Wieland, Volker
core
Racial Inequality, Growth and Distribution
Metroeconomica, EarlyView.ABSTRACT A post‐Keynesian‐Kaleckian model along structuralist lines is developed to incorporate the issue of racial inequality into the analysis of growth and distribution. It draws on ideas presented in the literature about the relationship between class inequality between capitalists and workers, and racial inequality between White and Black workers,
Amitava Krishna Dutt
wiley +1 more source
Central bank misperceptions and the role of money in interest rate rules [PDF]
Research with Keynesian-style models has emphasized the importance of the output gap for policies aimed at controlling inflation while declaring monetary aggregates largely irrelevant.
Guenter Beck, Volker Wieland
core
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley +1 more source
Identifying the role of labor markets for monetary policy in an estimated DSGE model [PDF]
, 2006 We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications.
Christoffel, Kai +2 more
core +1 more source
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT The paper examines the macroeconomic effects of public investment in emerging market and developing economies (EMDEs). To this end the analysis develops a new measure of public investment shocks based on cyclically adjusted government investment.
Amat Adarov +2 more
wiley +1 more source
Regulation &Governance, EarlyView.ABSTRACT Despite a growing awareness of the interrelation of environmental and social sustainability issues and the need to tackle them in integrated ways, few efforts have been made to develop an analytical framework of eco‐social policy integration.
Jana Brandl
wiley +1 more source
Keynesian cross: diagrammatical interpretations of effective demand [PDF]
The General Theory of Employment, Interest and Money by John Maynard Keynes led up to three cross-shaped graphical interpretations: the IS-LM model, the 45º model and the Z-D model. The first one was originated from Hicks (1937) well-known paper, despite
Dessotti, Marina, Heller, Claudia
core +1 more source