Results 41 to 50 of about 26,134 (222)

How much of John Maynard Keynes can we find in Franco Modigliani?

PSL Quarterly Review, 2012
Franco Modigliani's first published paper became one of the basic documents of modern Keynesian economics. In it he formalized the model (or at least one model) implicit in The General Theory.
Luigi L. Pasinetti
doaj   +1 more source

The Keynesian Model in the General Theory: A Tutorial [PDF]

arXiv, 2017
This small overview of the General Theory is the kind of summary I would have liked to have read, before embarking in a comprehensive study of the General Theory at the time I was a student. As shown here, the main ideas are quite simple and easy to visualize.
arxiv  

Monetary Policy and Firm Dynamics [PDF]

arXiv, 2020
Do firm dynamics matter for the transmission of monetary policy? Empirically, the startup rate declines following a monetary contraction, while the exit rate increases, both of which reduce aggregate employment. I present a model that combines firm dynamics in the spirit of Hopenhayn (1992) with New-Keynesian frictions and calibrate it to match cross ...
arxiv  

Imperfect Credibility versus No Credibility of Optimal Monetary Policy [PDF]

Revue Economique, (2021), 72(1), 43-63, 2020
A minimal central bank credibility, with a non-zero probability of not renegning his commitment ("quasi-commitment"), is a necessary condition for anchoring inflation expectations and stabilizing inflation dynamics. By contrast, a complete lack of credibility, with the certainty that the policy maker will renege his commitment ("optimal discretion ...
arxiv  

Franco Modigliani and oligopoly

PSL Quarterly Review, 2005
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
doaj  

Revisiting the determinacy on New Keynesian Models: A survey [PDF]

arXiv, 2017
The goal of this paper is to review some analytic techniques that are potentially useful to shed light on the determinacy question that arises in New Keynesian models as result of a combination of several monetary policy rules; in these models, we provide conditions to guarantee existence and uniqueness of equilibrium by means of results that are ...
arxiv  

Keynesian Economics After All [PDF]

arXiv, 2011
It is demonstrated that the US economy has on the long-term in reality been governed by the Keynesian approach to economics independent of the current official economical policy. This is done by calculating the two-point correlation function between the fluctuations of the DJIA and the US public debt. We find that the origin of this condition is mainly
arxiv  

Keynesian Issues and Economic Theory [PDF]

The Scandinavian Journal of Economics, 1989
Recent research helped in clarifying the nature of short-run price and quantity adjustments in Keynesian macroeconomic models and the possible causes of a persistent excess labour supply. It is argued, however, that theories involving imperfect competition and real wage "rigidities" generate "Classical" unemployment, where multipliers act through ...
openaire   +2 more sources

The Role of Taxes as Automatic Destabilizers in New Keynesian Economics [PDF]

, 2000
Henrik Kleven, Claus Thustrup Hansen
openalex   +2 more sources

As primeiras impressões de Hicks sobre a Teoria Geral

Brazilian Journal of Political Economy, 2014
In this article, we present an interpretation of the Hicks' first review of Keynes's General Theory. First we analyze the influence of Hayek's theory on the work of Hicks.
Jorge Eduardo de Castro Soromenho
doaj   +1 more source