Results 131 to 140 of about 670,059 (324)
This paper provides a brief exposition of financial markets in Post Keynesian economics. Inspired by John Maynard Keynes's path-breaking insights into the role of liquidity and finance in "monetary production economies," Post Keynesian economics offers a
Jorg Bibow
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Review of Policy Research, EarlyView.ABSTRACT This study examines the paradoxical relationship between policy learning and capacity: governments need certain capacities to learn effectively, yet these same capacities often emerge from previous learning experiences. Through a comparative analysis of Hong Kong and Singapore's responses to SARS and COVID‐19, we demonstrate how policy ...
Shubham Sharma, Xun Wu, Gleb Papyshev
wiley +1 more source
From The Keynesian Revolution to the Klein-Goldberger Model: Klein and the Dynamization of Keynesian Theory [PDF]
According to Klein, Keynes’s General Theory was crying out for empirical application. He set himself the task of implementing this extension. Our paper documents the different stages of his endeavor, focusing on his The Keynesian Revolution book, Journal
Michel DE VROEY, Pierre MALGRANGE
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The Interest Rate Effects of Government Debt Maturity: Solving the Bond Conundrum
The World Economy, EarlyView.ABSTRACT Using an empirical model, this paper finds that shortening the average maturity of US Treasury debt held outside the Federal Reserve by 1 year reduces the 5‐year forward 10‐year yield by between 130 and 150 basis points. Based on a pre‐crisis period, these estimates suggest portfolio balance effects are unlikely to reflect only post‐crisis ...
Jagjit S. Chadha +2 more
wiley +1 more source
Keynesian Theory and the AD-AS Framework: A Reconsideration [PDF]
Contrary to what has been argued by a number of critics, the AD-AS framework is both internally consistent and in conformity with Keynes’s own analysis.
Amitava K. Dutt, Peter Skott
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NAIRU, Unemployment and Post Keynesian Economics [PDF]
The purpose of this paper is to present the disadvantages from the use of NAIRU as the key instrument of monetary-policy making to restrain the upward tendency of unemployment. It argues that the development of NAIRU, the most widely known and used model
Vasiliki Bozani
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Keynesian economics and the Oslo School [PDF]
The economic crisis of the 1930’s hit Norway when Ragnar Frisch returned from the US to accept a professorship at University of Oslo. On his return he wrote newspaper articles proposing tax relief and monetary policies to fight the economic crisis ...
Arild Sæther, Ib E. Eriksen
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John Hicks. The crisis in Keynesian economics. Oxford : Basil Blackwell, 1974. 85 p.
, 1975 Sofía Méndez Villarreal
openalex +2 more sources
Post-Keynesian modelling: where are we, and where are we going to? [PDF]
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
core +1 more source
Uncertainty, Social Norms and Consumption Theory: Post and New Keynesian Approaches [PDF]
, 2009 Consumption theory has always been a neglected eld in Post Keynesian economics, whereas it is at the center of New Keynesian economics. This paper investigates similarities and differences between the two approaches. I will show that the newer mainstream
Menz, Jan-Oliver
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