On the Low Degree of Entropy Implied by the Solutions of Modern Macroeconomic Models. [PDF]
Nymoen R.
europepmc +1 more source
A Comparison of New Consensus as a Theoretical Framework of Inflation Targeting with Post-Keynesian Economics [PDF]
Jan Korda
openalex +1 more source
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil
This paper tests the empirical validity of New Keynesian staggered prices models for Brazil, in the nineties.The key concern is to explain inflation and prices stickiness and output dynamics assuming that the inflation rate is rigid, which makes it ...
Charles Lima de Almeida+2 more
doaj
The symmetric and asymmetric impacts of external debt on economic growth in Tunisia: evidence from linear and nonlinear ARDL models. [PDF]
Aloulou R, Kalai M, Helali K.
europepmc +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
core
This study examines the effects of adjustment costs on investment and the under-utilization of maximum installed capacity within the South Korea using a New Keynesian business cycle with Bayesian approach.
Al Mamun Tuhin G M, Ehsanullah
doaj +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
core
La relación ahorro - crecimiento - inversión en un siglo de historia argentina
¿El ahorro causa el crecimiento como sugiere el enfoque de la oferta, o el crecimiento impulsa el ahorro como afirma el enfoque keynesiano basado en la demanda?
Guillermo Celso Oglietti
doaj
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
core