Results 91 to 100 of about 200,247 (275)
On the Contribution of New Keynesian Economics [PDF]
In this paper we consider whether New Keynesian economics provides a meaningful framework for the analysis of the coordination problem in economic society.
Hans van Ees, Harry Garretsen
core
PUBLIC POLICY IN ISLAMIC FRAMEWORK: EXPLORING PARADIGM BASED ON ISLAMIC EPISTEMOLOGY
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
Endogenous Tax Compliance and Macroeconomic Performance Driven by Satisficing Evolutionary Dynamics
ABSTRACT We incorporate tax evasion to a demand‐led macrodynamic model of capacity utilization and output growth rate. The frequency of tax evaders is endogenously time‐varying, driven by imitation‐augmented satisficing evolutionary dynamics involving pecuniary factors, as well as non‐pecuniary elements which are reflected in the distribution of tax ...
Leonardo Barros‐Torres+2 more
wiley +1 more source
Government Spending in a New Keynesian Endogenous Growth Model [PDF]
Standard New Keynesian models cannot generate the widely observed result that private consumption is crowded in by government spending. We use a New Keynesian endogenous growth model with endogenous labour supply to analyse this phenomenon.
Kühn Stefan, Muysken Joan, Veen Tom van
core +1 more source
Real‐Time Data, Revisions and the Predictive Ability of DSGE Models
ABSTRACT We evaluate the impact of real‐time macroeconomic data and data revisions on the forecasting performance of DSGE models in the US and the euro area. We identify significant differences in data revisions between the two world regions: Negative revisions (due to overestimation in early data releases) are prevalent in the US, while the euro area ...
Jan Čapek+3 more
wiley +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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Post-Chicago Law and Economics [PDF]
This is not another law-and-econ bashing symposium. Nor is the symposium\u27s title intended to denigrate Chicago School law and economics any more than the term Post-Keynesian economics was intended to denigrate the work of John Maynard Keynes ...
Barnett, Randy E
core +1 more source
Critique of the neoclassical theory of growth and distribution
The paper surveys the main theories of income distribution in their relationship with the theories of economic growth. First, the Classical approach is considered, focusing on the Ricardian theory. Then the neoclassical theory is discussed, highlighting
Luigi L. Pasinetti
doaj +1 more source
ABSTRACT Public‐private partnerships (PPPs) have long contract terms, requiring strong governance arrangements. When uncertainty arises, renegotiation is a commonly‐used contractual governance mechanism for ensuring fairness and dispute resolution. Notably, 100% of Portuguese road projects have been renegotiated.
Marta Almeida+2 more
wiley +1 more source