Results 31 to 40 of about 26,134 (222)

Keynesian models of depression. Supply shocks and the COVID-19 Crisis [PDF]

arXiv, 2020
The objective of this work is twofold: to expand the depression models proposed by Tobin and analyse a supply shock, such as the Covid-19 pandemic, in this Keynesian conceptual environment. The expansion allows us to propose the evolution of all endogenous macroeconomic variables.
arxiv  

The role of observation, cognition, and imagination in Keynes’s approach to decision-making

EconomiA, 2019
The search for psychological content or support for economic decision-making is a subject that is contemporaneously stressed. Considering Keynesian and Post-Keynesian economics, it is possible to perceive several approaches that reclaim behavioral ...
Felipe Almeida, Marcelo Curado
doaj  

Analyzing Linear DSGE models: the Method of Undetermined Markov States [PDF]

arXiv, 2022
I show that a class of Linear DSGE models with one endogenous state variable can be represented as a three-state Markov chain. I develop a new analytical solution method based on this representation, which amounts to solving for a vector of Markov states and one transition probability.
arxiv  

Simple Analytics of the Government Investment Multiplier [PDF]

arXiv, 2023
What are the effects of investing in public infrastructure? We answer this question with a New Keynesian model. We recast the model as a Markov chain and develop a general solution method that nests existing ones inside/outside the zero lower bound as special cases.
arxiv  

The Attempt to Revitalize Keynes' Theory

Theory, Methodology, Practice, 2002
The article gives a summary of the renewal attempts of the only, through decades dominant general economic theory, the Keynesian economics. Because of the lack of microeconomic bases and the changes happened on the commodity-, labour-, and money markets
Zsuzsa Ortutay
doaj  

Modigliani and Keynes

PSL Quarterly Review, 2012
The first article published by Franco Modigliani has become one of the basic texts of the modern Keynesian economics. It formalized the model (or at least one model) implicit in the General Theory.
Robert M. Solow
doaj   +1 more source

Note bibliografiche: Lavoie M. (2022), Post-Keynesian Economics – New Foundations, 2a edizione, Cheltenham (UK) e Northampton (MA, USA): Edward Elgar, pp. 744, ISBN: 9781839109638.

Moneta e Credito
Recensione a: Lavoie M. (2022), Post-Keynesian Economics – New Foundations, 2a edizione, Cheltenham (UK) e Northampton (MA, USA): Edward Elgar.
Sergio Cesaratto
doaj   +1 more source

Estimating a Behavioral New Keynesian Model [PDF]

arXiv, 2019
This paper analyzes identification issues of a behavorial New Keynesian model and estimates it using likelihood-based and limited-information methods with identification-robust confidence sets. The model presents some of the same difficulties that exist in simple benchmark DSGE models, but the analytical solution is able to indicate in what conditions ...
arxiv  

The future of Post Keynesian economics

PSL Quarterly Review, 2006
Article originally published in the volume 59 issue 236 of Banca Nazionale del Lavoro Quarterly Review (also known as BNL Quarterly Review).
Giuseppe Fontana, Bill Gerrard
doaj  

KEYNESIAN THEORY IN THE ”MACROECONOMICS“ COURSE FOR NON-CORE FACULTIES

Vestnik MGIMO-Universiteta, 2016
The article deals with the issues related to the teaching of Keynesian theory within the scope of macroeconomics course at the faculties of non-economic professions.
T. I. Kurnosova, I. E. Rudakova
doaj   +1 more source