Results 111 to 120 of about 29,453 (311)

The German media as amplifier of the political agenda: The economic policy framing of European conflicts in times of COVID-19. [PDF]

Eur J Commun, 2023
Teschendorf VS.
europepmc   +1 more source

"Financial Keynesianism and Market Instability" [PDF]

In this paper I will follow Hyman Minsky in arguing that the postwar period has seen a slow transformation of the economy from a structure that could be characterized as "robust" to one that is "fragile." While many economists and policymakers have ...
L. Randall Wray
core  

Keynesianism in France

, 2019
International audienceAccording to Pierre Rosanvallon (1987), Keynesianism arrived very late in France but its triumph was complete. It offered a common language to a large group of senior officers and engineers working in public administration and ...
Rubin, Goulven, Goulven Rubin
core   +1 more source

Monetary Policy When Preferences Are Quasi‐Hyperbolic

Journal of Money, Credit and Banking, EarlyView.
Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley   +1 more source

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, JULIO GARÍN, ROBERT LESTER   +2 more
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, SEBASTIAN GIESEN, DANIEL KIENZLER   +2 more
wiley   +1 more source

Competing Disraeli-isms: Tory Democracy and One-Nation Conservatism

Cahiers Victoriens et Edouardiens
This chapter explores Benjamin Disraeli’s influence on two strands of Conservative Party ideology: Tory democracy and one-nation conservatism. Both rejected laissez-faire economics and promoted social reform, but one-nation conservatives favoured a more ...
David Jeffery
doaj   +1 more source

The History of Macroeconomics Viewed Against the Background of the Marshall-Walras Divide [PDF]

Analysing the recent history of macroeconomics, my paper claims that the new classical revolution should be viewed as a substitution of Walrasian macroeconomics to the earlier prevailing Marshalian macroeconomics. The first part of the paper is concerned
Michel, DE VROEY
core  

A critical look at green energy policies

Economic Affairs, EarlyView.
Lawrence Haar
wiley   +1 more source

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