Results 71 to 80 of about 383 (238)

How Does Progressivity Affect the Tax Cut Multiplier?

International Economic Review, EarlyView.
ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley   +1 more source

Social policy in the face of a global pandemic: Policy responses to the COVID-19 crisis. [PDF]

Soc Policy Adm, 2021
Béland D, Cantillon B, Hick R, Moreira A.   +3 more
europepmc   +1 more source

Entrepreneurship and Financial Deregulation

International Economic Review, EarlyView.
ABSTRACT We quantitatively analyze the impact of US banking deregulation in the 1980s on the aggregate economy. Using recent econometric techniques, we first reexamine existing empirical evidence on the real effects of banking deregulation. We then construct a quantitative model that integrates imperfectly competitive banks into a general equilibrium ...
Toshihiko Mukoyama, Gang Zhang
wiley   +1 more source

Towards an institutional "landscape" view of modern money creation mechanisms and some reflections on their ecological significance. [PDF]

Sustain Sci, 2023
Hook A.
europepmc   +1 more source

Financial Fragility and the Fiscal Multiplier

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK, SWEDER VAN WIJNBERGEN   +1 more
wiley   +1 more source

Key Ideas of Keynesianism, Historical Context, and Contemporary Influence

Кібернетика та комп'ютерні технології
Introduction. In 1936, John Maynard Keynes published his work “The General Theory of Employment, Interest and Money”, which was a response to the challenges of the Great Depression.
Olena Volovyk
doaj   +1 more source

Benjamin Cohen on global political order: when Keynes meets realism - and beyond

Contexto Internacional, 2015
This article analyses the trajectory of Benjamin J. Cohen's work by focusing on his ongoing concern with the nature and governance of world order. It does so by playing out his debt to realism and to Keynesianism.
Stefano Guzzini
doaj   +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

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

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