Results 41 to 50 of about 100,350 (315)
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
doaj +1 more source
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
International Journal of Finance &Economics, EarlyView.ABSTRACT We develop a theoretical framework that extends the Bernanke and Blinder model to incorporate imperfect substitution between internal and external finance of firms to study the operation of both the bank lending and the balance sheet channels of monetary transmission in the US.
Sophocles N. Brissimis +1 more
wiley +1 more source
Consumer responses to the COVID‐19 crisis: evidence from bank account transaction data*
The Scandinavian Journal of Economics, Volume 124, Issue 4, Page 905-929, October 2022., 2022 Abstract In this paper, we use transaction‐level bank account data from Denmark to study the dynamics of consumer spending during the COVID‐19 pandemic. We document that aggregate spending initially dropped by almost 30 percent but recovered almost fully after the first wave.
Asger Lau Andersen +3 more
wiley +1 more source
Informational Differences, Adaptive Learning, and Inflation Forecast Bias
International Studies of Economics, EarlyView.ABSTRACT This work highlights a previously overlooked factor that contributes to bias in private inflation forecasts—ignorance of confidential monetary rules. Additionally, it examines how this ignorance indirectly affects policy rate settings. The model proposed reconciles biases in two key forecast sources: the inflation expectations from the Survey ...
Qiang Chen, Zechen Yin
wiley +1 more source
Informing DSGE Models Through Dynamic Factor Models
Journal of Applied Econometrics, EarlyView.ABSTRACT Structural dynamic factor models (SDFM) represent a reliable tool to inform the construction of dynamic stochastic general equilibrium (DSGE) models. The reason is that the log‐linear solution of a DSGE model has a factor structure which ensures consistency between the representations of the two models.
Mario Forni +3 more
wiley +1 more source
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
doaj +1 more source
Natural Resource and Food Import Dependence of Africa: Can Democracy Slowdown Dependence?
Sustainable Development, EarlyView.ABSTRACT Despite Africa's huge agricultural potential and natural resource abundance, the continent is paradoxically the most food import dependent and food unsecured in the world. Based on this paradoxical observation, this study seeks to analyze the effect of natural resources on food import dependence in a panel of 38 sub‐Saharan African countries ...
Sylvain B. Ngassam +2 more
wiley +1 more source
The devolution of federal reserve monetary policy strategy, 2012–24
Southern Economic Journal, EarlyView.Abstract The Federal Open Market Committee's 2012 Statement on Longer‐Run Goals and Monetary Policy Strategy interprets the Federal Reserve's dual mandate in light of the natural rate hypothesis and the New Keynesian “divine coincidence.” It sets a quantitative objective for inflation but not unemployment and acknowledges that the goals of price ...
Peter N. Ireland
wiley +1 more source
The eclipse of the goal of zero inflation [PDF]
, 1997 William J. Barber's study of Alvin H. Hansen (1887-1975) emphasized the importance of the intellectual transformation that led to the "'Keynes-Hansen intellectual system that appeared to have compelling diagnostic and prescriptive power" (Barber 19X7 ...
Leeson, R.
core +2 more sources