Results 51 to 60 of about 100,350 (315)

Should the Federal Reserve raise its inflation target?

Southern Economic Journal, EarlyView.
Abstract Standard economic reasoning shows that higher inflation imposes higher tax rates on money balances and unindexed savings, causing financial losses to households and reducing their real incomes. The leading cases for the Federal Reserve to raise its inflation target—that more inflation better “greases the wheels” of a sticky‐price economy, or ...
Lawrence H. White
wiley   +1 more source

Further evidence on inflation targeting and income distribution

Southern Economic Journal, EarlyView.
Abstract This paper examines the effect of inflation targeting (IT) on income distribution in a panel of 70 countries. Employing panel regressions and a variety of propensity score matching methods, we find strong evidence that incomes became more unequal in IT‐adopting countries relative to countries that did not adopt IT.
John Thornton, Chrysovalantis Vasilakis
wiley   +1 more source

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  

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

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  

Towards a (Minority) Shareholder State? The Labour Government's Fiscal Framework

The Political Quarterly, EarlyView.
Abstract This article explores the politics of the fiscal framework launched by the Labour government in October 2024. Relative to the trajectory of fiscal frameworks in the UK since fiscal rules were first introduced by New Labour in 1997, the reform represents a contradictory enterprise.
José Tomás Labarca
wiley   +1 more source

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  

History of economic thought in the post-Keynesian tradition [PDF]

, 2002
First paragraph: Casual inspection ofthe post-Keynesian literature, like other heterodox literatures, reveals an extent ofref erence to historical texts and analysis ofthe se texts that is unusual in modern economics, although not in earlier economic ...
Dow, Sheila
core   +1 more source

Revisionism as Statecraft: David Marquand, the SDP Split and the Politics of Community

The Political Quarterly, EarlyView.
Abstract This article addresses a surprisingly neglected aspect of David Marquand's intellectual development: his career as a politician. Hence, it locates his intellectual efforts from the mid‐1970s through to the end of the 1980s in relation to the travails of the Wilson and Callaghan governments.
Nick Garland
wiley   +1 more source