Results 71 to 80 of about 100,350 (315)
The Role of Taxes as Automatic Destabilizers in New Keynesian Economics [PDF]
This paper analyses the effects of taxation in New Keynesian economics. The results show that taxes contribute to price and wage stickiness and, moreover, that the resulting fluctuations in welfare are magnified by the presence of taxes.
Claus Thustrup Hansen +1 more
core
Hayek; social theorist of the century [PDF]
Keynesian economics ; Economics ...
Robert L. Formaini
core
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
The new, new economics and monetary policy [PDF]
Monetary policy - United States ; Economics ; Keynesian ...
Darryl R. Francis
core
The Long March Through the Institutions and the Fifth Wave of Juridification
Constellations, EarlyView.
Olof Hallonsten
wiley +1 more source
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
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
After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by J.M. Keynes.
Frederick van der Ploeg
core
Vertical New Knowledge Transfer and the Revival of Multi‐Employer Collective Bargaining
Industrial Relations Journal, EarlyView.ABSTRACT This paper addresses the puzzle of how and why multi‐employer bargaining has revived as a policy idea given the apparent dominance of neoliberalism. Multi‐employer bargaining has emerged as a solution to problems caused by failed neoliberal policies.
Søren Kaj Andersen, Chris F. Wright
wiley +1 more source