Results 91 to 100 of about 84,720 (263)
ECONOMIC THOUGHT THROUGH THE PRISM OF NEW KEYNESIAN ECONOMICS [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2015 In this paper I study the relation between real wage rigidity and nominal price and wage rigidities. We formulate a generalized price-setting framework that incorporates staggered contracts of multiple durations and that enables us to directly identify
KRUME NIKOLOSKI +2 more
doaj
Aggregate Demand and Supply [PDF]
This paper is part of a broader project that provides a microfoundation to the General Theory of J.M. Keynes. I call this project 'old Keynesian economics' to distinguish it from new-Keynesian economics, a theory that is based on the idea that to make ...
Roger E. A. Farmer
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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
Anticipations of the Crisis: On the Similarities Between Post Keynesian Economics and Regulation Theory [PDF]
The purpose of this paper is to explore the similarities between Post Keynesian Economics (PKE) and Regulation Theory (RT). It is argued that, despite important differences between these traditions, the analytical contents of PKE and RT display broad ...
Mark Setterfield
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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
How much of John Maynard Keynes can we find in Franco Modigliani?
PSL Quarterly Review, 2005 Franco Modigliani's first published paper became one of the basic documents of modern Keynesian economics. In it he formalized the model (or at least one model) implicit in The General Theory.
Luigi L. Pasinetti
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Are markets really efficient? [PDF]
Rational expectations (Economic theory) ; Speculation ; Stock exchanges ; Keynesian ...
Tom Klitgaard
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Metroeconomica, EarlyView.ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley +1 more source
PSL Quarterly Review, 2005 The first article published by Franco Modigliani has become one of the basic texts of the modern Keynesian economics. It formalized the model (or at least one model) implicit in the General Theory.
Robert M. Solow
doaj
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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