Results 101 to 110 of about 680,238 (274)
Monetary Dynamic Stochastic General Equilibrium Models and Inflation Persistence
Metroeconomica, EarlyView.ABSTRACT The paper investigates the capacity of New Keynesian (NK) models to explain inflation persistence without relying on ad hoc backwards‐looking mechanisms or external source of inertia. It explores various features of NK models– such as sticky wages, roundabout production structure, positive trend inflation, and monetary policy inertia– that ...
Salaheddine El Omari, Jalal Qanas
wiley +1 more source
Keynes's German Contenders 1932-1944: On the Sociology of Multiple Discoveries in Economics [PDF]
In a pathbreaking study on some alleged anticipations of Keynes''s General Theory of Employment, Interest and Money, Don Patinkin in apparently applying Merton''s sociological approach to the problem of anticipations and multiples in economics, rejects ...
Backhaus,J.G.
core +1 more source
Schumpeter Meeting Keynes: A Policy-Friendly Model of Endogenous Growth and Business Cycles [PDF]
This paper studies an agent-based model that bridges Keynesian theories of demand generation and Schumpeterian theories of technology-fueled economic growth.
Andrea Roventini +2 more
core
Public Debt Dynamics in a Monetary Economy of Production
Metroeconomica, EarlyView.ABSTRACT This paper investigates the determinants and stability conditions of the public debt‐to‐GDP ratio within a theoretical framework representing the main characteristics of a monetary economy of production. To this end, we develop a dynamic Stock‐Flow Consistent (SFC) model based on the Supermultiplier approach, incorporating both bank and fiat ...
Lorenzo Di Domenico
wiley +1 more source
Growth, the Environment and Keynes: Reflections on Two Heterodox Schools of Thought [PDF]
This paper explores the approach of Post Keynesian Economics (PKE) in comparison with ecological economics. While PKE, like all macroeconomics, has failed to address environmental problems it does have many aspects which make compatibility with ...
Clive L Spash, Heinz Schandl
core
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
Supply-side policies and the zero lower bound [PDF]
This paper examines how supply-side policies may play a role in fighting a low aggregate demand that traps an economy at the zero lower bound (ZLB) of nominal interest rates.
Jesús Fernández-Villaverde +2 more
core
Federal Reserve Chairs and Monetary Regimes
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT This paper extends prior research by introducing a novel econometric framework—Regime‐Dependent Granger Causality—to analyse the systematic elements of United States (US) monetary policy. Using vector autoregressive models allowing for temporary Granger causality, we examine the association between monetary policy regimes—Taylor rules and ...
Yunus Aksoy +2 more
wiley +1 more source
Keynesian Theory in "Macroeconomics" Course for non-core faculties
Vestnik MGIMO-Universiteta, 2016 The article deals with the issues related to the teaching of Keynesian theory within the scope of macroeconomics course at the faculties of non-economic professions.
Tatyana Ivanovna Kurnosova +1 more
doaj +2 more sources