Results 111 to 120 of about 13,464 (272)
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
Monetary and budgetary-fiscal policy interactions in a Keynesian context: revisiting macroeconomic governance [PDF]
Because it was designed for efficient stationary regimes, the New-Consensus Macroeconomic governance carries several drawbacks when implemented in Keynesian non-ergodic regimes. As long as Keynesian unemployment is interpreted in terms of 'natural' rate,
Angel Asensio
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The new Keynesian Phillips curve: empirical results for Luxembourg [PDF]
The New Keynesian Phillips curve (NPC) differs from the conventional expectations-augmented Phillips curve in that it is forward-looking and links inflation to a measure of marginal cost instead of unemployment or the output gap.
Ieva Rubene, Paolo Guarda
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Inflation Forecasts and the New Keynesian Phillips Curve [PDF]
The ability of the New Keynesian Phillips curve to explain US inflation dynamics when official central bank forecasts (Greenbook forecasts) are used as a proxy for inflation expectations is examined.
Sophocles N. Brissimis +1 more
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Post Keynesian Monetary Theory for an Open Economy
, 1987 First paragraph: Frenkel and Johnson (1977, p. 24) present their theory of the balance of payments as being monetary, rather than "monetarist", on the grounds that it relies on a representation of the demand for money function which is generally accepted
Dow, Sheila
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Government Spending in a New Keynesian Endogenous Growth Model
Standard New Keynesian models cannot generate the widely observed result that private consumption is crowded in by government spending. We use a New Keynesian endogenous growth model with endogenous labour supply to analyse this phenomenon.
Muysken Joan, Veen Tom van, Kühn Stefan
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Post-Keynesian modelling: where are we, and where are we going to?
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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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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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
Decisions on investment allocation in the post-Keynesian growth models
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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