Results 71 to 80 of about 680,238 (274)
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
wiley +1 more source
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
Are markets really efficient? [PDF]
Rational expectations (Economic theory) ; Speculation ; Stock exchanges ; Keynesian ...
Tom Klitgaard
core
Two Engines, One Boom: Disentangling Credit's Real Effects
International Economic Review, EarlyView.
Wei Cui
wiley +1 more source
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
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
Introduction to Post-Keynesian Economics: New Foundations by Marc Lavoie [PDF]
, 2023 Sylvio Antonio Kappes +1 more
openalex +1 more source
, 2006 This note critically evaluates the New Classical Macroeconomics from a Marshallian perspective. Revisiting the famous Keynes-Tinbergen controversy, it is argued that Keynes' criticism comprises the "Lucas critique," and that it is misleading to label ...
Bindseil, U. +3 more
core +2 more sources
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
wiley +1 more source