Results 61 to 70 of about 2,336 (200)
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
Behavioral Foundations for the Keynesian Consumption Function [PDF]
This paper has two main goals. The first is to show that behavioral rather than maximizing principles emerge from textual analysis as the microeconomic foundations for Keynes’s Consumption Theory; the second goal is to demonstrate that it is possible to ...
Eleonora Sanfilippo, Fabio D'Orlando
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
"A Simplified 'Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model" [PDF]
Despite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock-flow consistent (SFC) growth models of financially sophisticated economies is still in its early stages.
Gennaro Zezza, Claudio H. Dos Santos
core
Metroeconomica, EarlyView.ABSTRACT We propose a demand‐led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects.
Lucca Gustafson Rodrigues +2 more
wiley +1 more source
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
To Save or To Consume: Linking Growth Theory to with Keynesian Model [PDF]
In the neoclassical growth theory, higher saving rate gives rise to higher output per capita. However, in the Keynesian model, higher saving rate causes lower consumption, which may lead to a recession.
Yun-Kwong Kwok
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Fiscal deficit in sub-saharan Africa: A new intuition from the institution and political drivers. [PDF]
PLoS One, 2023 Abanikanda EO, Dada JT, Ogunjumo RA.
europepmc +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
Replication Data for: "The Intertemporal Keynesian Cross"
This is the code to replicate all figures and tables for "The Intertemporal Keynesian Cross," accepted in 2024 by the Journal of Political ...
Straub, Ludwig +2 more
core +1 more source