Results 21 to 30 of about 26,134 (222)
Franco Modigliani and oligopoly
PSL Quarterly Review, 2012 Modigliani became interested in Keynes's General Theory even before knowing anything about economics. After becoming a professional economist, through his research both theoretical and applied, his teaching, his policy recommendations to fight mass ...
Paolo Sylos Labini
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"The General Theory of Employment, Interest and Money" J. M. Keynes: Background, Methodology and Specific Interpretations [PDF]
Журнал институциональных исследований, 2016 The paper was prepared for the 80-th anniversary of publishing of John Maynard Keynes’ “General Theory of Employment, Interest and Money”. It discusses the stages of the economist’s life, the main books written prior to "The General Theory ...
Nureev Rustem, M.
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Resolving New Keynesian Anomalies with Wealth in the Utility Function [PDF]
Review of Economics and Statistics 103 (2021) 197-215, 2019 At the zero lower bound, the New Keynesian model predicts that output and inflation collapse to implausibly low levels, and that government spending and forward guidance have implausibly large effects. To resolve these anomalies, we introduce wealth into the utility function; the justification is that wealth is a marker of social status, and people ...
arxiv +1 more source
Historical Review of Macroeconomic Theories [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2005 In this paper, attention is made to study the foundations, patterns, assumptions, logics and hypothesis of macro-economic studies. Also, we try to search the causes of delay in the emergence of macro-economics in relation to micro-economics.
Abbas Shakeri
doaj
On the unimportance of commitment for monetary policy [PDF]
arXiv, 2023 In a New Keynesian model where the trade-off between stabilising the aggregate inflation rate and the output gap arises from sectoral asymmetries, the gains from commitment are either zero or negligible. Thus, to the extent that economic fluctuations are caused by sectoral shocks, policies designed to overcome the stabilisation bias are aiming to ...
arxiv
Income distribution in a monetary economy
PSL Quarterly Review, 2014 In a monetary economy capital is a fund. This idea is captured by the circuit of capital. We define a circuit for fixed capital and argue that it is closed when the fund that initiates it is recovered in a present value sense.
Nazim Kadri Ekinci
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Teaching heterodox macroeconomics
PSL Quarterly Review, 2023 This contribution examines recent developments in post-Keynesian macroeconomics teaching through an analysis of five textbooks: Blecker and Setterfield (2019), Hein (2014; 2023), and Lavoie (2014; 2022).
Ettore Gallo +1 more
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Shifting Policy Strategy in Keynesianism [PDF]
Review of Keynesian Studies (The Keynes Society Japan), 2019,
Vol.1, pp.61-91, 2020 This paper analyzes the evolution of Keynesianism making use of concepts offered by Imre Lakatos. The Keynesian "hard core" lies in its views regarding the instability of the market economy, its "protective belt" in the policy strategy for macroeconomic stabilization using fiscal policy and monetary policy. Keynesianism developed as a policy program to
arxiv
MR. CARVALHO AND THE POST-KEYNESIANS: SCHOLAR, THEORIST, WRITER
Revista de Economia Contemporânea, 2020 Fernando Cardim de Carvalho’s monumental intellectual legacy encompasses many elements - his teaching, his mentoring, his scholarship, and his policy activism. This essay explores Cardim’s contributions to Post-Keynesian economics through the lens of his
Gary Dymski
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GLOBAL KEYNESIANISM AND BEYOND
Journal of World-Systems Research, 2015 Something like "global Keynesianism" or "transnational socialism" has been mentioned as a desirable alternative to global neoliberalism (Redmond 1997). However, a definition of this kind of global Keynesianism is hard to find.
Gernot Kohler
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