Results 91 to 100 of about 79,210 (220)
Metroeconomica, EarlyView.ABSTRACT This paper examines the complex relationship between government debt and income distribution within a post‐Keynesian framework. Extending the model of You and Dutt (1996), we model both capitalists and workers as holders of government bonds, enabling a more nuanced analysis of income distribution dynamics.
Hagen M. Krämer +2 more
wiley +1 more source
PUBLIC POLICY IN ISLAMIC FRAMEWORK: EXPLORING PARADIGM BASED ON ISLAMIC EPISTEMOLOGY
Share: Jurnal Ekonomi dan Keuangan Islam, 2015 Despite the concerted efforts of recent Islamic scholarship to establish a distinct identity for Islamic economics, they have enjoyed little success in doing so.
Abdulkader Cassim Mahomedya
doaj +1 more source
Supply-side policies and the zero lower bound [PDF]
This paper examines how supply-side policies may play a role in fighting a low aggregate demand that traps an economy at the zero lower bound (ZLB) of nominal interest rates.
Jesús Fernández-Villaverde +2 more
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Metroeconomica, 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
Estimating a small DSGE model under rational and measured expectations: some comparisons [PDF]
Using European panel data and GMM system estimation, we explore the empirical performance of the standard three-equation New Keynesian macro model under different informational assumptions.
Paloviita, Maritta
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Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis
Metroeconomica, EarlyView.ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
wiley +1 more source
Rethinking the implications of monetary policy: How a transactions role for money transforms the predictions of our leading models [PDF]
Over the past several decades, economists have devoted ever-growing effort to developing economic models to help us understand how changes in interest rates brought about by monetary policy actions affect the production and provision of goods and ...
Julia Thomas
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Disagreement About Fiscal Policy
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT Politicians disagree about fiscal policy. This disagreement should have economic effects beyond the effects of government spending and taxation. We use the full set of speeches in the German Bundestag since 1960 and apply state‐of‐the art natural language processing techniques to construct two series of fiscal disagreement starting in 1970 ...
Albina Latifi +3 more
wiley +1 more source
"The Dismal State of Macroeconomics and the Opportunity for a New Beginning" [PDF]
The Queen of England famously asked her economic advisers why none of them had seen "it" (the global financial crisis) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the postwar ...
L. Randall Wray
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