Endogenous Tax Compliance and Macroeconomic Performance Driven by Satisficing Evolutionary Dynamics
ABSTRACT We incorporate tax evasion to a demand‐led macrodynamic model of capacity utilization and output growth rate. The frequency of tax evaders is endogenously time‐varying, driven by imitation‐augmented satisficing evolutionary dynamics involving pecuniary factors, as well as non‐pecuniary elements which are reflected in the distribution of tax ...
Leonardo Barros‐Torres +2 more
wiley +1 more source
The Concept of Uncertainty in Post-Keynesian Theory and in Institutional Economics
Fernando Ferrari Filho +1 more
openalex +1 more source
Book review: Cuyvers, Ludo (2022): Neo-Marxism and Post-Keynesian Economics: From Kalecki to Sraffa and Joan Robinson, Milton Park (247 pages, Routledge, hardcover, ISBN 978-1-032-25480-7) [PDF]
Marc Lavoie
openalex +1 more source
Distributive Cycles and Earnings Inequality: A Kaleckian Goodwinian‐Inspired Model
ABSTRACT Rising wage inequality since the 1980s is well‐documented, but cyclical dynamics are less explored. This study builds a Kaleckian model analyzing the link between aggregate demand (mediated by employment) and earnings inequality. The model features three classes: capitalists, production, and professional workers.
Marina da Silva Sanches
wiley +1 more source
Monetary Dynamic Stochastic General Equilibrium Models and Inflation Persistence
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
Philosophy of economics: the analysis of alternative directions
Alternative directions in modern economic theory assume philosophical justification. The paper provides methodological analysis of the following alternative directions in economics: the new Austrian school, modern institutionalism, radical political ...
Gerashchenko Igor Germanovich
doaj
Fiscal deficit in sub-saharan Africa: A new intuition from the institution and political drivers. [PDF]
Abanikanda EO, Dada JT, Ogunjumo RA.
europepmc +1 more source
Federal Reserve Chairs and Monetary Regimes
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
Marvin Goodfriend: economist and central banker. [PDF]
Marshall DA.
europepmc +1 more source

