Results 111 to 120 of about 84,720 (263)
US Business Cycles from 1971-2010: A Post Keynesian Explanation [PDF]
Curiously and in spite of its name, very few business cycle theories actually treat it as a cycle. Mainstream economics, for example, models all macroeconomic fluctuations as a function of exogenous forces.
John Harvey
core
Repensando a teoria pós-keynesiana da acumulação à luz da lei da entropia [PDF]
, 2013 This work aims to reconsider Post-Keynesian categories related to Accumulation of Capital in light of the Entropy Law, such as defined by Georgescu-Roegen (1971) and to criticize neoclassical environmental economics by means of such reconsidered Post ...
XX, Vitor Eduardo
core
Disagreement About Fiscal Policy
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT Politicians disagree about fiscal policy. This disagreement should have economic effects beyond the effects of government spending and taxation. We use the full set of speeches in the German Bundestag since 1960 and apply state‐of‐the art natural language processing techniques to construct two series of fiscal disagreement starting in 1970 ...
Albina Latifi +3 more
wiley +1 more source
PSL Quarterly ReviewThis paper examines the coherence, or lack thereof, among the three major strands of post-Keynesian economics. Most claims of incoherence pertain to the Sraffian strand in relation to the Fundamentalist and Kaleckian strands.
Marc Lavoie
doaj +1 more source
Fiscal deficit in sub-saharan Africa: A new intuition from the institution and political drivers. [PDF]
PLoS One, 2023 Abanikanda EO, Dada JT, Ogunjumo RA.
europepmc +1 more source
On the Indeterminacy of New-Keynesian Economics [PDF]
We study identification in a class of three-equation monetary models. We argue that these models are typically not identified. For any given exactly identified model, we provide an algorithm that generates a class of equivalent models that have the same ...
Andreas Beyer, Roger E. A. Farmer
core
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
The impact of Milton Friedman on modern monetary economics: setting the record straight on Paul Krugman’s 'Who Was Milton Friedman? [PDF]
Paul Krugman’s essay “Who Was Milton Friedman?” seriously mischaracterizes Friedman’s economics and his legacy. In this paper we provide a rejoinder to Krugman on these issues.
Anna J. Schwartz, Edward Nelson
core
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT The paper examines the macroeconomic effects of public investment in emerging market and developing economies (EMDEs). To this end the analysis develops a new measure of public investment shocks based on cyclically adjusted government investment.
Amat Adarov +2 more
wiley +1 more source
Market and state in the vision of constitutional economy
Sfera Politicii, 2011 This study addresses the general problem of the relationship between Market and State from Constitutional Political Economy perspective, a research program that has developed in recent decades within Public Choice Theory as a paradigmatic alternative to ...
Cristian-Ion Popa
doaj