Results 111 to 120 of about 361,829 (277)

KALECKI'S THEORY OF INCOME DETERMINATION: A RECONSTRUCTION AND AN ASSESSMENT [PDF]

The paper considers the legacy for modern macroeconomics of Kalecki’s theory of income determination. The latter is reconstructed in its analytical constituent parts referring in detail to the original sources.
Alberto Chilosi
core  

Relative factor endowments, foreign direct investment and tax planning of multinational firms: an empirical investigation into cross-country data

Baltic Journal of Economics
This paper studies the impact of relative endowments of skilled labour and physical capital on the location choices of multinational firms (MNEs). We demonstrate potential methodological issues and possible solutions related to the identification of ...
Andrzej Cieślik, Oleg Gurshev
doaj   +1 more source

The New Classical Counter-Revolution: False Path or Illuminating Complement? [PDF]

In this paper the author responds to Laurence Seidman’s recent article, ‘The New Classical Counter-Revolution: A False Path for Macroeconomics’. The author challenges the view that new classical macroeconomics has been a false path and provides a ...
Brian Snowdon
core  

Learning Macroeconomic Policies based on Microfoundations: A Stackelberg Mean Field Game Approach [PDF]

arXiv
The Lucas critique emphasizes the importance of considering microfoundations, how micro-agents (i.e., households) respond to policy changes, in macroeconomic policymaking. However, due to the vast scale and complex dynamics among micro-agents, predicting microfoundations is challenging. Consequently, this paper introduces a Stackelberg Mean Field Game (
arxiv  

The New Political Macroeconomics [PDF]

The paper surveys the ‘old’ and ‘new’ political macroeconomics. In the former we consider how governments can be seen to manipulate the economy as to satisfy opportunistic or ideological motives, thereby creating opportunistic or partisan political ...
Ali al-Nowaihi, Dean Garratt
core  

Quantitative macroeconomics with heterogeneous households [PDF]

Macroeconomics is evolving from the study of aggregate dynamics to the study of the dynamics of the entire equilibrium distribution of allocations across individual economic actors.
Giovanni L. Violante, Jonathan Heathcote, Kjetil Storesletten   +2 more
core  

The Paradoxical Fate of the Representative Firm [PDF]

While modern theorising on the microfoundation of macroeconomics makes intense use of the representative firm notion, severe objections have been raised.
Frank Schohl
core  

Commentary on "Macroeconomic implications of changes in the term premium" [PDF]

Macroeconomics ...
John H. Cochrane
core  

Teaching Environmental Macroeconomics to Undergraduate Students. [PDF]

East Econ J, 2023
Milani S.
europepmc   +1 more source

Machine Learning and the Yield Curve: Tree-Based Macroeconomic Regime Switching [PDF]

arXiv
We explore tree-based macroeconomic regime-switching in the context of the dynamic Nelson-Siegel (DNS) yield-curve model. In particular, we customize the tree-growing algorithm to partition macroeconomic variables based on the DNS model's marginal likelihood, thereby identifying regime-shifting patterns in the yield curve.
arxiv