Results 61 to 70 of about 47,866 (161)
The New Open Economy Macroeconomics of Government Debt [PDF]
In this paper we introduce an overlapping generations structure of the Blanchard (1985) type in a New Open Economy Macroeconomics model. This allows us to study a wider range of fiscal shocks compared to the traditional Mundell-Fleming and to the ...
Ganelli, Giovanni
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Clothes for the Emperor or Can Graduate Schools Learn From Undergraduate Macroeconomics? [PDF]
The current crisis is not only one of financial markets, but also of macroeconomics. Leading scholars call for a paradigm shift away from dynamic general equilibrium models, though some argue that the profession's arsenal already contains the tools and ...
Florian Jung, Manfred Gärtner
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A novel introduction to macroeconomics
, 2022 One of the many flaws of mainstream economics is its systemic allergy to competing paradigms. My book Macroeconomics: An Introduction (2021) treats this problem by providing readers not only with an alternative paradigm but also with a critique of ...
Thomas, Alex M.
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Getting Rid of Keynes ? A reflection on the history of macroeconomics [PDF]
The aim of this paper is to give an account of the unfolding of macroeconomic from Keynes to the present day. To this end I shall use a grid of analyses resulting from the combination of two distinctions.
Michel, DE VROEY
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Microfoundations: a decisive dividing line between Keynesian and new classical macroeconomics? [PDF]
It is often argued that what marks the difference between Keynesian macroeconomics and new classical macroeconomics (the first installment of dynamic stochastic general equilibrium models) is the presence of microfoundations.
Michel DE VROEY
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The Great Recession Rethinking Macroeconomics for Employment and Development
, 2018 The chapters in this volume were written as commentaries between mid-2008 and early-2016 in the wake of the Great Recession of 2008-2009. The primary topics around which the various essays are compiled are: (a) crisis and response, (b) fiscal policy, (c)
CHOWDHURY, A +2 more
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Behavioural macroeconomics: theory and policy
, 2019 Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks ...
De Grauwe, Paul, Ji, Yuemei
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The development of quantitative empirical analysis in macroeconomics [PDF]
This paper contains a schematic description of selected relevant events in the development of quantitative macroeconomics since the start of the Cowles Comission for Economic Research in 1932.
Fernando Ballabriga
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New Open Economy Macroeconomics [PDF]
The New Open Economy Macroeconomics refers to a vast body of literature embracing a new theoretical framework for policy analysis in open economy, with the goal of overcoming the limitations of the Mundell-Fleming model, while preserving the empirical ...
Giancarlo Corsetti
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Baltic Journal of EconomicsThis 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