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From theory to practice in macroeconomic models: post-Keynesian eclecticism
This paper re-examines and discusses the contribution of Franco Modigliani in the construction of macroeconomic models used for prediction and for the development of economic policies.
Ignazio Visco
doaj +1 more source
Special Forum on »Macroeconomic Theory and Macroeconomic Pedagogy«: Macroeconomic Theory and Macroeconomic Pedagogy: A response to some criticisms [PDF]
First paragraph It is with great pleasure that we participate in this Special Forum discussion of our Macroeconomic Theory and Macroeconomic Pedagogy (MTMP) (Fontana/Setterfield 2009). Before discussing the comments by Claudio Sardoni and Sebastian Dullien, we would first like to outline the substance of MTMP. The book contains sixteen chapters written
openaire +1 more source
ABSTRACT Firms' continuous pursuit of making a profit in the competitive market may ignore the actions related to environmental responsibilities. This set of actions for financial gains constitutes environmental misconduct, which not only harms ecosystems and communities but also brings reputational damage. Negative press and social media amplification
Ashutosh Singh +3 more
wiley +1 more source
Reputational Risk: An Investigation Into How Environmental Failures Drive Stock Price Crashes
ABSTRACT The study examines the relationship between stock price crashes and firm environment reputational risk. Using a large sample of US listed firms, covering a time span from 2007 to 2021, we test the effect of environmental reputation risk on three measures for the stock price crash risk (NEGCSK, DRUV, and CRASH).
Man Dang +4 more
wiley +1 more source
03-02 "Macroeconomics for the Twenty-First Century" [PDF]
Macroeconomic theory has not yet come to grips with major issues of the twenty- first century. These include environmental pressures, demographic changes, the size, structure, and power of multinational corporations, and growing economic inequality ...
Neva R. Goodwin
core
Investor Perception of ESG in Earnings Calls
ABSTRACT This study examines how the communicator's role and the framing of ESG statements affect investor capital allocation in the context of earnings calls. Based on a virtual asset market experiment, the analysis identifies that the assurance and reinforcement of ESG messages have a positive effect of up to 8% on capital allocation, with especially
Felix Bachner
wiley +1 more source
Tests of thermal macroeconomic theory on simulated microeconomies
In this paper, we test predictions of a new theory of macroeconomics, called ‘thermal macroeconomics.’ The theory aims to apply the mathematical structure of classical thermodynamics, including analogues of temperature and entropy, to predict aspects of ...
Yihang Luo, R S MacKay, Nick Chater
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We used the Markov switching regression model to establish a relationship between the conditional stock market returns and macroeconomic volatilities.
Albert A. Agyemang-Badu +2 more
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Capital flows, macroeconomic management, and the financial system - Turkey, 1989-97 [PDF]
Recent developments in a number of emerging economies have heightened interest in the relationship between macroeconomic management and financial regulation, in an environment of open capital accounts and large-scale movements of private capital.
Celasun, Oya, Denizer, Cevdet, Dong He
core
ABSTRACT This paper investigates innovative financing strategies to mobilise private capital for climate adaptation, emphasising Hong Kong's role in advancing efforts across Southeast Asia. Using expert interviews and case studies, it addresses two key questions: which financial instruments can strengthen public–private collaboration, and what best ...
Laurence L. Delina +5 more
wiley +1 more source

