Results 51 to 60 of about 336 (199)
ABSTRACT This paper argues that the growing space for industrial policies, at least in its present form and shape, is unlikely to promote sustainable development in most Global South countries, especially in the smaller economies. This claim builds on those who have thought about structural transformations for and from the Global South throughout ...
Nicolás M. Perrone
wiley +1 more source
Begetting Silvio Gesell in the Modern Economy: A Marriage of Frederick Soddy and Kenneth Boulding
ABSTRACT In the Natural Economic Order, first published in 1916, Silvio Gesell warned against a fiat monetary system that in place of controlling the circulation of money with demurrage, sought to manage the system by accommodating demand for liquidity.
Ahmed Anwar
wiley +1 more source
New Keynesian versus old Keynesian government spending multipliers [PDF]
Cogan et al. (2009, 2010) claim that the stimulus package passed by the United States Congress in February 2009 had a multiplier far below one. However, the stimulus’ multiplier strongly depends on the assumed monetary policy response. Based on official statements from the Fed chairman, the economic outlook, past behavior of the FOMC, optimal policy ...
Hughes Hallett, Andrew +2 more
openaire +4 more sources
ABSTRACT This paper explores the limits of mission‐directed entrepreneurial states by drawing on the theory of recombinant innovation and F.A. Hayek's insights on the spontaneous growth of knowledge in society. First, the use of discretionary policymaking curtails the range of knowledge generated in the process of social interaction, limiting the scope
Bryan Cheang, Praharsh Mehrotra
wiley +1 more source
When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation
ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
wiley +1 more source
Kaleckianism vs. "New" Keynesianism [PDF]
The economics of Kalecki and of the New Keynesianism exhibit remarkable parallels. The major doctrine they have in common is that of business net worth, or equity, as the major determinant of business expansion. The New Keynesians arrive at their understanding of this point by reasoning from rational behavior in the face of informational imperfections.
openaire +3 more sources
Revisiting the EU's Democratic Deficit: Archival Insights From Maximalist Federalists
Abstract This article explores the history of democratic problematisation of European integration, rather than taking part in the normative debate on the European Union's democratic legitimacy deficit that emerged in the 1990s. We focus on the narratives of non‐institutional actors who have considered that European integration should be a democratic ...
Jessy Bailly
wiley +1 more source
EVOLUTION OF THEORETICAL APPROACHES TO ENTERPRISE RISKS ANALYSIS
Modern state of the Ukrainian clannish-oligarchic economy can be characterized in the terms of extraordinarily high degree of riskiness that makes actual use of scientifically based approach to the entrepreneurial risk management.
V. Kravchenko, А. Starostina
doaj +1 more source
Fiscal Consolidation and Support for the Common Currency
Abstract The existence of a common currency and further integration within the European Monetary Union crucially depends on public legitimacy. As a response to the Global Financial Crisis and subsequent Sovereign Bond crisis, several European governments have implemented fiscal consolidation policies in an attempt to restore investors' confidence ...
Nicola Nones, Melle Scholten
wiley +1 more source
Néolibéraliser la ville fordiste
This article aims at showing that post-keynesianism in British urban politics can be described as a neoliberalisation process which influences local government since the early eighties.
Vincent Béal, Max Rousseau
doaj +1 more source

