Results 91 to 100 of about 336 (199)

Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages

Metroeconomica, EarlyView.
ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley   +1 more source

Tax Progressivity, Public Debt, and Growth in a Neo‐Kaleckian Model

Metroeconomica, EarlyView.
ABSTRACT We develop a neo‐Kaleckian growth‐and‐distribution model featuring two classes of workers and a progressive income tax. Two fiscal closures are considered: balanced budgets and deficit financing via public debt. We study the responses to shocks, including changes in functional income distribution, and assess how tax progressivity alters demand
Tailiny Ventura, Fabrício J. Missio, Júlio Fernando Costa Santos   +2 more
wiley   +1 more source

Disagreement About Fiscal Policy

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT Politicians disagree about fiscal policy. This disagreement should have economic effects beyond the effects of government spending and taxation. We use the full set of speeches in the German Bundestag since 1960 and apply state‐of‐the art natural language processing techniques to construct two series of fiscal disagreement starting in 1970 ...
Albina Latifi, Viktoriia Naboka‐Krell, Peter Tillmann, Peter Winker   +3 more
wiley   +1 more source

"KEYNESIANS", MONETARISTS, NEW CLASSICALS AND NEW KEYNESIANS: A POST KEYNESIAN CRITIQUE

, 2009
Este artigo apresenta urna resenha das principais Interpretações teóricas ortodoxas da "Teoria Geral" e das concepções monetarista e novo-clássica, criticas às idéias de Keynes contidas na referida obra. Procura-se também mostrar, à luz da teoria pós-keynesiana, que essas interpretações e críticas apresentam inconsistências lógicas quando confrontadas ...
openaire   +2 more sources

The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley   +1 more source

Macroeconomic Effects of Public Investment in EMDEs: Nonlinear Effects of the Business Cycle, Fiscal Space, Capital Stock and Efficiency

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT The paper examines the macroeconomic effects of public investment in emerging market and developing economies (EMDEs). To this end the analysis develops a new measure of public investment shocks based on cyclically adjusted government investment.
Amat Adarov, Benedict Clements, João Tovar Jalles   +2 more
wiley   +1 more source

Eco‐Social Policy Integration as a Process: Towards a Processual Understanding of an Ascending Concept

Regulation &Governance, EarlyView.
ABSTRACT Despite a growing awareness of the interrelation of environmental and social sustainability issues and the need to tackle them in integrated ways, few efforts have been made to develop an analytical framework of eco‐social policy integration.
Jana Brandl
wiley   +1 more source

Enhancing Bilateral Ties: Analyzing the Multidimensional Cooperation between Indonesia and South Korea under the NSP Plus Framework

Jurnal Hubungan Internasional
The New Southern Policy (NSP) Plus, an initiative by South Korea to deepen its ties with the Association of Southeast Asian Nations (ASEAN), presents a unique opportunity for enhanced bilateral cooperation and development, particularly with Indonesia ...
Bagaskara Sagita Wijaya, Yulia Rimapradesi, Hunna Khawaiga Awalia, Sofi Mubarok   +3 more
doaj   +1 more source

Fiscal policy and economic activity: new causal evidence

The Scandinavian Journal of Economics, EarlyView.
Abstract Utilizing a quasi‐natural experiment design, we identify an exogenous cut in local taxes accompanied by an equivalent reduction in local government spending, and we estimate the impact of these exogenous changes on income. We exploit a unique regional dataset that combines local income data with local voting outcomes on current expense tax ...
David M. Brasington, Marios Zachariadis
wiley   +1 more source

Book Review: The Origin of the Prolonged Economic Stagnation in Contemporary Japan: The Factitious Deflation and Meltdown of the Japanese Firm as an Entity

Quarterly Journal of Austrian Economics, 2019
While Otaki has seen what the Japanese economic disease is, he has failed to understand what fundamentally causes it. Somehow, Otaki attributes the Japanese troubles to a failure to follow the teachings of John Maynard Keynes.
Jason Morgan
doaj