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
The symmetric and asymmetric impacts of external debt on economic growth in Tunisia: evidence from linear and nonlinear ARDL models. [PDF]
SN Bus Econ, 2023 Aloulou R, Kalai M, Helali K.
europepmc +1 more source
The elusive welfare economics of price stability as a monetary policy objective: why New Keynesian central bankers should validate core inflation [PDF]
The paper studies the inflation rate associated with optimal monetary and fiscal policy in a number of standard dynamic stochastic general equilibrium models with nominal price rigidities.
Buiter, Willem H.
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What kind of innovation state matters for social justice? Learning from Poulantzas and going beyond. [PDF]
Rev Evol Polit Econ, 2023 Papaioannou T.
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Comparing alternative Phillips curve specifications: European results with survey-based expectations [PDF]
This paper examines inflation dynamics in Europe. Econometric specification tests with pooled European data are used to compare the empirical performance of the New Classical, New Keynesian and Hybrid specifications of the Phillips curve.
Paloviita , Maritta
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Towards an institutional "landscape" view of modern money creation mechanisms and some reflections on their ecological significance. [PDF]
Sustain Sci, 2023 Hook A.
europepmc +1 more source
Rethinking the implications of monetary policy: How a transactions role for money transforms the predictions of our leading models [PDF]
Over the past several decades, economists have devoted ever-growing effort to developing economic models to help us understand how changes in interest rates brought about by monetary policy actions affect the production and provision of goods and ...
Julia Thomas
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On the Low Degree of Entropy Implied by the Solutions of Modern Macroeconomic Models. [PDF]
Entropy (Basel), 2022 Nymoen R.
europepmc +1 more source
"The Dismal State of Macroeconomics and the Opportunity for a New Beginning" [PDF]
The Queen of England famously asked her economic advisers why none of them had seen "it" (the global financial crisis) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the postwar ...
L. Randall Wray
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