Results 111 to 120 of about 597,703 (270)

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  

Generalizing Determinacy under Monetary and Fiscal Policy Switches: The Case of the Zero Lower Bound

Journal of Money, Credit and Banking, EarlyView.
Abstract In a fixed‐regime context, it has been established since the work of Leeper (1991) that a determinate and unique equilibrium can be achieved under both monetary dominance (characterized by an active monetary policy and a passive fiscal policy) and fiscal dominance (characterized by an active fiscal policy and a passive monetary policy) regimes
SEONGHOON CHO, ANTONIO MORENO
wiley   +1 more source

Keynesian Theory and the AD-AS Framework: A Reconsideration [PDF]

Contrary to what has been argued by a number of critics, the AD-AS framework is both internally consistent and in conformity with Keynes’s own analysis.
Amitava K. Dutt, Peter Skott
core  

Fiscal deficit in sub-saharan Africa: A new intuition from the institution and political drivers. [PDF]

PLoS One, 2023
Abanikanda EO, Dada JT, Ogunjumo RA.
europepmc   +1 more source

Monetary Policy and Government Debt

Journal of Money, Credit and Banking, EarlyView.
Abstract We study how the level of government debt affects the effectiveness of monetary policy, that is, the elasticity of economic aggregates to interest rate changes. We build a New Keynesian model where fiscal policy is non‐Ricardian and government debt is risk‐free.
NICOLAS CARAMP, ETHAN FEILICH
wiley   +1 more source

Behavioral Expectations in New Keynesian DSGE Models: Evidence from India's COVID-19 Recovery and Vaccination Program [PDF]

arXiv
This paper extends the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) framework by incorporating behavioral expectations to analyze the moments of India's output gap and inflation rate, with a particular focus on the impacts of COVID-19 and vaccination programs.
arxiv  

Comparing alternative Phillips curve specifications: European results with survey-based expectations [PDF]

This paper examines inflation dynamics in Europe. Econometric specification tests with pooled European data are used to compare the empirical performance of the New Classical, New Keynesian and Hybrid specifications of the Phillips curve.
Paloviita , Maritta
core  

Post-Chicago Law and Economics [PDF]

, 1989
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

Marvin Goodfriend: economist and central banker. [PDF]

Bus Econ, 2023
Marshall DA.
europepmc   +1 more source

Potential Output Pessimism and Austerity in the European Union

Journal of Money, Credit and Banking, EarlyView.
Abstract The paper develops a business cycle model with policymakers' learning about potential output to analyze the European recession following the Global Financial Crisis. The initial recession led to overpessimism about potential output and cyclically adjusted budget balance (CAB), triggering fiscal austerity. The austerity caused further recession,
PEI KUANG, KAUSHIK MITRA
wiley   +1 more source