Does the Phillips Curve Lie Down as We Age?
Journal of Money, Credit and Banking, EarlyView.Abstract Using microlevel data, we present evidence that older individuals are less willing to substitute across varieties of goods. We estimate the elasticity of substitution for different age groups and find that the youngest cohort (aged 25–34) exhibits a higher elasticity of substitution compared to the oldest group (65+).
CHADWICK CURTIS +2 more
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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
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Book review: Saith, Ashwani (2022): Cambridge Economics in the Post-Keynesian Era: The Eclipse of Heterodox Traditions, Cham, Switzerland (1188 pages, Palgrave Macmillan, hardback in two volumes, also available as ebook, ISBN 978-3-030-93018-9) [PDF]
, 2023 Marc E. Lavoie
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Interest Rate Pegs and the Reversal Puzzle: On the Role of Anticipation
Journal of Money, Credit and Banking, EarlyView.Abstract We revisit the reversal puzzle: a counterintuitive contraction of inflation in response to an interest rate peg. We show that its occurrence is intimately related to the degree of agents' anticipation. If agents perfectly anticipate the peg, reversals occur depending on the duration of the peg.
RAFAEL GERKE +2 more
wiley +1 more source
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
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INEQUALITIES BETWEEN LIBERAL DOCTRINE AND KEYNESIAN-ORIENTED CONVENTIONAL ECONOMICS [PDF]
, 2020 Alessandro Morselli
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Monetary and Macroprudential Policies under Dollar‐Denominated Foreign Debt
Journal of Money, Credit and Banking, EarlyView.Abstract This paper studies monetary and macroprudential policies in a small open economy that borrows from abroad in foreign currency. The model features a novel mechanism in which exchange rate depreciation triggered by a borrowing constraint is amplified through balance of payments adjustments, increasing the real burden of foreign debt and causing ...
HIDEHIKO MATSUMOTO
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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
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
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Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary Policy
Journal of Money, Credit and Banking, EarlyView.Abstract We propose “Taylor rule yields” across horizons for the United States. Applying the standard Taylor rule to expected paths of inflation and the output gap, we construct a sequence of short‐term rates under neutral monetary policy stances, whose average defines the Taylor rule yield at each horizon.
MASAZUMI HATTORI +2 more
wiley +1 more source