New Keynesian models: not yet useful for policy analysis [PDF]
Macroeconomists have largely converged on method, model design, reduced-form shocks, and principles of policy advice. Our main disagreements today are about implementing the methodology. Some think New Keynesian models are ready to be used for quarter-to-
Ellen R. McGrattan +2 more
core
Monetary Dynamic Stochastic General Equilibrium Models and Inflation Persistence
ABSTRACT The paper investigates the capacity of New Keynesian (NK) models to explain inflation persistence without relying on ad hoc backwards‐looking mechanisms or external source of inertia. It explores various features of NK models– such as sticky wages, roundabout production structure, positive trend inflation, and monetary policy inertia– that ...
Salaheddine El Omari, Jalal Qanas
wiley +1 more source
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
A Keynesian perspective on the health economics of kidney transplantation would strengthen the value of the whole organ donation and transplantation service. [PDF]
Leonardis F +10 more
europepmc +1 more source
Post-Keynesian modelling: where are we, and where are we going to? [PDF]
This paper presents the current “state of the art” of Post-Keynesian modelling, as well as the most important issues raised by it. We first present a new formal statement of the Keynes' model, highlighting the importance of the “static model of a dynamic
Asensio, Angel +2 more
core +1 more source
Federal Reserve Chairs and Monetary Regimes
ABSTRACT This paper extends prior research by introducing a novel econometric framework—Regime‐Dependent Granger Causality—to analyse the systematic elements of United States (US) monetary policy. Using vector autoregressive models allowing for temporary Granger causality, we examine the association between monetary policy regimes—Taylor rules and ...
Yunus Aksoy +2 more
wiley +1 more source
Towards an institutional "landscape" view of modern money creation mechanisms and some reflections on their ecological significance. [PDF]
Hook A.
europepmc +1 more source
Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue [PDF]
This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue.
Levy, Daniel, Smets, Frank
core +1 more source
ABSTRACT The global financial crisis (GFC) highlighted the crucial role of real estate markets for financial stability and revealed significant weaknesses in the quality, timeliness, and coverage of real estate price indices. Since then, policymakers and statistical institutes have expanded the scope of residential and commercial real estate statistics
Robert J. Hill, Miriam Steurer
wiley +1 more source
The German media as amplifier of the political agenda: The economic policy framing of European conflicts in times of COVID-19. [PDF]
Teschendorf VS.
europepmc +1 more source

