Results 121 to 130 of about 79,210 (220)
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
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Review of Policy Research, Volume 43, Issue 2, March 2026.ABSTRACT This study examines the paradoxical relationship between policy learning and capacity: governments need certain capacities to learn effectively, yet these same capacities often emerge from previous learning experiences. Through a comparative analysis of Hong Kong and Singapore's responses to SARS and COVID‐19, we demonstrate how policy ...
Shubham Sharma, Xun Wu, Gleb Papyshev
wiley +1 more source
Determinacy and Identification with Taylor Rules [PDF]
The new-Keynesian, Taylor-rule theory of inflation determination relies on explosive dynamics. By raising interest rates in response to inflation, the Fed induces ever-larger inflation or deflation, unless inflation jumps to one particular value on each ...
John H. Cochrane
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ECONOMICSThis 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
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The New Classical Counter-Revolution: A False Path for Macroeconomics [PDF]
This article contends that the "new" classical counter-revolution that began in the 1970s has been a false path for macroeconomics. Keynesian economics nicely explained the 1970s stagflation that followed the world oil price hike with a shift up of the ...
Laurence S. Seidman
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Understanding UK Productivity Using a Macroeconomic Lens
Journal of Economic Surveys, Volume 40, Issue 1, Page 214-241, February 2026.ABSTRACT We survey UK labor productivity over the long run, comparing it with other advanced economies, and focus on the sharp slowdown since the global financial crisis. Using a growth accounting framework, we highlight the primary role of total factor productivity (TFP), while noting that the contribution of capital shallowing is influenced by ...
Jagjit S. Chadha, Issam Samiri
wiley +1 more source
Estimating open economy Phillips curves for the euro area with directly measured expectations [PDF]
This paper examines euro area inflation dynamics by estimating open economy New Keynesian Phillips curves based on the assumption that all imports are intermediate goods. Instead of imposing rational expectations a priori, Consensus Economics survey data
Paloviita, Maritta
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Endogenous Tax Compliance and Macroeconomic Performance Driven by Satisficing Evolutionary Dynamics
Metroeconomica, Volume 77, Issue 1, Page 36-54, February 2026.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
Cuadernos de Economía, 1994 Romer, David. ''The New Keynesian Sinthesis", Journal<br />ofEconomic Perspectives, v. 7, n. 1, invierno de 1993, 7-22. / Tobin James. "Price Flexibility and Output Stability: An Old<br />Keynesian View", joumal 0f Economic Perspectives, v. 7,
Cuadernos de Economía Revista
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Pandemic Preference Shocks and Inflation in a New Keynesian Model. [PDF]
Atl Econ J, 2022 Craighead WD.
europepmc +1 more source