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Is Something Really Wrong with Macroeconomics?
While there is much that is wrong with macroeconomics today, most critiques of the state of macroeconomics are off target. Current macroeconomic research is not mindless DSGE modeling filled with ridiculous assumptions and oblivious of data.
R. Reis
semanticscholar +1 more source
ABSTRACT Circular economy (CE) is championed as a sustainability solution, promoting reuse, recycling and resource efficiency to reduce environmental harm. However, CE innovations can trigger a rebound effect (RE), where lower costs stimulate higher consumption and production, paradoxically negating sustainability gains.
Erez Yerushalmi, Krishnendu Saha
wiley +1 more source
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
Macroeconomics and the Reality of Mixed Frequency Data
Many time series are sampled at different frequencies. When we study co-movements between such series we usually analyze the joint process sampled at a common low frequency.
Eric Ghysels
semanticscholar +1 more source
ABSTRACT Researchers now understand that the Great Recession stemmed from a “systemic leadership failure,” involving various entities such as the government, financial institutions, investors, homeowners, and regulators. Consequently, traditional leadership approaches of the time came under intense scrutiny, necessitating a shift in leadership ...
Faidon Theofanidis+2 more
wiley +1 more source
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+2 more
core
Sweden - From Macroeconomic Failure to Macroeconomic Success [PDF]
Major economic reforms have been carried through in Sweden during the last two decades. Most of the reforms have been made in response to long-standing rather than to acute problems. There has usually been a strong perception among economists, policy makers and the general public of the problems that the reforms have sought to address. Reforms in other
openaire +3 more sources
ESG Messaging on Social Media and Cost of Capital: A Canadian Perspective
ABSTRACT We examine whether environmental, social and governance (ESG) communications on social media decrease firms' cost of equity. Our results show that ESG messaging on social media does not appear to influence investors, which leads us to examine why.
Dhruv Baswal, Sean Cleary
wiley +1 more source
Adapting the EU Economic Governance to New Macroeconomic and Political Realities
There was a widespread consensus on the need to modify fiscal rules in the EU even before the COVID-19 crisis. The aim of this article is to reflect on the reform of fiscal rules from a broader perspective, looking at three different dimensions: the ...
Raffaele Fargnoli
doaj +1 more source