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
The Impact of Medical and Health Fiscal Expenditures on Pharmaceutical Industry Stock Index in China. [PDF]
Int J Environ Res Public Health, 2022 Su C, Liu Y, Liu C, Tao R.
europepmc +1 more source
Consensus, dissensus, and economic ideas: Economic crisis and the rise and fall of Keynesianism
, 2017 H. Farrell, J. Quiggin
semanticscholar +1 more source
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 +2 more
wiley +1 more source
Financial production and the subprime mortgage crisis. [PDF]
J Evol Econ, 2023 Tori D, Caverzasi E, Gallegati M.
europepmc +1 more source
What Are The Drivers of Labor Productivity in Italy?
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT This paper introduces a novel sign restriction identification within a structural Bayesian vector autoregression (VAR) to analyse how labour productivity responds to supply and demand shocks and to quantify the contribution of shocks to cyclical fluctuations.
Josué Diwambuena, Francesco Ravazzolo
wiley +1 more source
Macroeconomic theory in the aftermath of the crisis: mainstream and new Keynesianism
Nova Economia, 2016 A falha do mainstream da teoria macroeconômica em fornecer um conjunto adequado de instrumentos para entender e combater a crise econômica desencadeou um debate entre os teóricos da tendência dominante sobre os próprios fundamentos e sobre as políticas ...
Ítalo Pedrosa, Maryse Farhi
doaj
Anchored or Adrift? A Note on Measuring Inflation Expectations Anchoring
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We develop a behavioural model of inflation which contains an indicator that quantifies the expectations unanchoring risk over the business cycle. We estimate this model using US and Canadian inflation and output gap data. We find that during the post‐pandemic inflation surge, the macroeconomic data are compatible with non mean‐reverting ...
Olena Kostyshyna +2 more
wiley +1 more source
Research on the Dynamic Feedback Mechanism of Fiscal Policy Regulation Under COVID-19: Evidence From China. [PDF]
Front Public Health, 2022 Wang S, Gao H, Zhou B.
europepmc +1 more source
Changing definitions: a comment on Davidson's critique of King's history of Post Keynesianism
In a review of John King's book, Paul Davidson has argued that King had been in error when including Sraffians and Kaleckians in his Post Keynesian classification.
MARC LAVOIE
core