Getting rid of Keynes ? A survey of the history of macroeconomics from Keynes to Lucas and beyond [PDF]
The aim of this paper is to recount the ebbs and flows of Keynesianism over the history of macroeconomics. The bulk of the paper consists of a discussion of the main episodes of the unfolding of macroeconomics (Keynesian macroeconomics, monetarism, new ...
Michel De Vroey
core
International Journal of Energy Economics and PolicyThis study aims to identify trends in the role of coal and solar energy consumption on climate change through existing and forecasting analysis as new evidence for the sustainable development goals launched by 2030.
Anggi Putri Kurniadi +10 more
doaj +1 more source
Capital Structure and Speed of Adjustment in U.S. Firms. A Comparative Study in Microeconomic and Macroeconomic Conditions - A Quantille Regression Approach [PDF]
arXiv, 2018 The major perspective of this paper is to provide more evidence regarding how "quickly", in different macroeconomic states, companies adjust their capital structure to their leverage targets. This study extends the empirical research on the topic of capital structure by focusing on a quantile regression method to investigate the behavior of firm ...
arxiv
Adapting the EU Economic Governance to New Macroeconomic and Political Realities
Intereconomics, 2020 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
Post-macroeconomics -- reflections on the crisis and strategic directions ahead [PDF]
For decades, many researchers argued that economics had nothing to fear from enriching itself with lessons and advances from other disciplines. Unfortunately, these suggestions were either neglected or dismissed upfront in what was then arbitrarily ...
Monga, Celestin
core
The History of Macroeconomics from Keynes’s General Theory to the Present [PDF]
This paper is a contribution to the forthcoming Edward Elgar Handbook of the History of Economic Analysis volume edited by Gilbert Faccarello and Heinz Kurz.
Michel DE VROEY, Pierre MALGRANGE
core
The Macroeconomics of Rational Bubbles: A User's Guide
Annual Review of Economics, 2018 This review provides a guide to macroeconomic applications of the theory of rational bubbles. It shows that rational bubbles can be easily incorporated into standard macroeconomic models and illustrates how they can be used to account for important ...
Alberto Martín, J. Ventura
semanticscholar +1 more source
Measuring Macroeconomic Uncertainty: The Labor Channel of Uncertainty from a Cross-Country Perspective [PDF]
arXiv, 2020 This paper constructs internationally consistent measures of macroeconomic uncertainty. Our econometric framework extracts uncertainty from revisions in data obtained from standardized national accounts. Applying our model to post-WWII real-time data, we estimate macroeconomic uncertainty for 39 countries. The cross-country dimension of our uncertainty
arxiv
Heterodox microeconomics and the foundation of heterodox macroeconomics [PDF]
The resolution of the controversy over the microfoundations of macroeconomics is important to heterodox economics. In this essay, I argue that the controversy is due to misspecification.
Lee, Frederic
core +1 more source
Is Something Really Wrong with Macroeconomics?
Social Science Research Network, 2017 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