Results 141 to 150 of about 25,769 (272)

Quantifying the Federal Reserve's objectives using a structural vector autoregressive model

Economica, Volume 92, Issue 366, Page 351-367, April 2025.
Abstract The objective of the Federal Reserve (the Fed), namely, its dovish stance, is often blamed for the so‐called Great Inflation. A popular proxy for the Fed's dovish stance is constructed using the inflation coefficients in estimated Taylor rules. However, for a welfare‐optimizing central bank, the estimated Taylor coefficients are not sufficient
Shengliang Ou, Donghai Zhang
wiley   +1 more source

Endogenous Persistence at the Effective Lower Bound [PDF]

arXiv
We develop a perfect foresight method to solve models with an interest rate lower bound constraint that nests OccBin/DynareOBC and \cite{Eggertsson2010}'s as well as \cite{Mertens2014}'s pen and paper solutions as special cases. Our method generalizes the pen-and-paper solutions by allowing for endogenous persistence while maintaining tractability and ...
arxiv  

Journal of the History of Economic Thought Preprints – Edmond Malinvaud's Criticisms of the New Classical Economics: Restoring the Nature and the Rationale of the Old Keynesians' Opposition

, 2020
Matthieu Renault
openalex   +2 more sources

Ideas and the changing relationship between states and markets in social policy: A review essay

International Journal of Social Welfare, Volume 34, Issue 2, April 2025.
Abstract This review essay takes stock of the recent literature about the role of ideas in social policy, with a particular focus on a key issue in social policy research: the changing interactions between states and markets over time. Specifically, our aim is to examine how the ideational literature discusses and explains prominent contemporary social
Daniel Béland, Ronen Mandelkern
wiley   +1 more source

An ideology of deserving: A historical analysis of the United States' immigration policies governing forced migration and social welfare

International Journal of Social Welfare, Volume 34, Issue 2, April 2025.
Abstract Legislation governs both the admittance and treatment of forced migrants in the United States. Increasingly, many forced migrants are offered few welfare benefits, temporary protection, and no pathway to permanent residency. This paper explores forced migrants' legal categories and access to social welfare, focusing on five humanitarian ...
Alexander Bervik, Anna Ferris
wiley   +1 more source

Macroeconomic thought at the European Commission in the 1970s: the first decade of the annual economic reports

PSL Quarterly Review, 1998
The work seeks to better understand how economic thought changes at policy institutions, as compared to academic institutions. The prevalence of academic economics during the 1970s introduced pronounced changes in the Annual Economic Reports of the ...
I. MAES
doaj  

Keynesian Economics with Balloons - An Activity to Expand Student Engagement with Economic Policy [PDF]

, 2022
Jennifer L. Logan
openalex   +1 more source

Long‐run Effects of Austerity: An Analysis of Size Dependence and Persistence in Fiscal Multipliers

Oxford Bulletin of Economics and Statistics, Volume 87, Issue 2, Page 330-356, April 2025.
Abstract This paper provides evidence that austerity shocks have long‐run negative effects on GDP. Our baseline results show that contractionary fiscal shocks larger than 3% of GDP generate a negative effect of more than 5.5% on GDP even after 15 years. Evidence is also found linking austerity to smaller capital stock and total hours worked in the long‐
Guilherme Klein Martins
wiley   +1 more source

Keynesian Economics Once Again [PDF]

, 1947
Arthur F. Burns
openalex   +1 more source