Results 61 to 70 of about 4,076,104 (202)
Decisions on investment allocation in the post-Keynesian growth models [PDF]
In this article the analysis developed by Feldman (1928) and Mahalanobis (1953) are incorporated to the Post-Keynesian Growth Model to consider the decisions of investment allocation on economic growth.
Teixeira, Joanílio Rodolpho +1 more
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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
Anchored or Adrift? A Note on Measuring Inflation Expectations Anchoring
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We develop a behavioural model of inflation which contains an indicator that quantifies the expectations unanchoring risk over the business cycle. We estimate this model using US and Canadian inflation and output gap data. We find that during the post‐pandemic inflation surge, the macroeconomic data are compatible with non mean‐reverting ...
Olena Kostyshyna +2 more
wiley +1 more source
Teaching Post Keynesian Exchange Rate Theory [PDF]
The goal of this paper is to provide a model and method for those wishing to include the Post Keynesian perspective when teaching exchange rate theory. It begins by reviewing neoclassical approaches (purchasing power parity, the monetary model, and the ...
John Harvey
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Kalman Filter Learning, Bounded Rationality and Informational Consistency
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We develop a behavioural New Keynesian model with rational (RE) and boundedly rational (BR) agents. The latter are anticipated utility learners and use simple heuristic rules to forecast aggregate variables exogenous to their micro‐environment.
Szabolcs Deák +3 more
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
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New Keynesian versus old Keynesian government spending multipliers [PDF]
Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modelling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in
Cogan, John F. +3 more
core +4 more sources
Learning From 25 Years of Changes in Business Tax Policy
Public Budgeting &Finance, EarlyView.Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
wiley +1 more source
Post-Keynesian modelling: where are we, and where are we going to? [PDF]
This paper presents the current “state of the art” of Post-Keynesian modelling, as well as the most important issues raised by it. We first present a new formal statement of the Keynes' model, highlighting the importance of the “static model of a dynamic
Asensio, Angel +2 more
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Anchoring of inflation expectations and the role of monetary policy and cost‐push factors
The Scandinavian Journal of Economics, EarlyView.Abstract This paper studies the anchoring of inflation expectations at the individual forecaster level. It proposes a novel measure of anchoring based on both point and density forecasts, and uses data from the European Central Bank Survey of Professional Forecasters to examine its co‐movement with expectations about monetary policy and key cost‐push ...
Robert L. Czudaj
wiley +1 more source