Results 101 to 110 of about 1,441 (213)

How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right

open access: yesMetroeconomica, EarlyView.
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley   +1 more source

Contractionary Effects of Devaluation and the Balance Sheet Effect in a Macroeconomic Model With Heterogeneous Firms

open access: yesMetroeconomica, EarlyView.
ABSTRACT We propose a demand‐led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects.
Lucca Gustafson Rodrigues   +2 more
wiley   +1 more source

How LLMs might think

open access: yesMind &Language, EarlyView.
Do large language models (“LLMs”) think? Daniel Stoljar and Zhihe Vincent Zhang have recently developed an argument from rationality for the claim that LLMs do not think. We contend, however, that the argument from rationality not only falters, but leaves open an intriguing possibility: that LLMs engage only in arational, associative forms of thinking ...
Joseph Gottlieb   +2 more
wiley   +1 more source

Spatiotemporal Maps for Dynamic MRI Reconstruction. [PDF]

open access: yesIEEE Trans Comput Imaging
Lobos RA   +8 more
europepmc   +1 more source

Weak Exogeneity, Driving Trends and Non‐Causality. Is Dynamic Adjustment Informative About Causality?

open access: yesOxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT In VECMs (or CVARs), the weak exogeneity of some of the variables (for the long‐run parameters) is related to the equilibrium adjustment dynamics. This has sometimes led to the statistical concept of weak exogeneity being given a causal interpretation.
Emanuele Lopetuso, Michael P. Clements
wiley   +1 more source

Rethinking Local Choice: Experimental Evidence on Taxpayer Sentiment and Public School Funding

open access: yesPublic Administration Review, EarlyView.
ABSTRACT Taxpayers often have conflicting views on what constitutes fair taxation and how tax revenues should be allocated. We work with Vermont legislators on the policy concern of sentiment in a property tax setting, given the Vermont Supreme Court ruling around the principle of educational equality.
Edward N. Gamble   +2 more
wiley   +1 more source

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