Results 131 to 140 of about 21,399,022 (251)
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
Real and Apparent Deviations From Rational Choice
ABSTRACT This paper offers a taxonomy of real and apparent deviations from rationality. The taxonomy is based on three axes of divides—whereas the axes are successive refinements. The outermost‐axis divide delineates “anxiety‐based choices” from “anxiety‐free choices.” Anxiety‐based choices are real deviations such as the Allais and Ellsberg paradoxes ...
Elias L. Khalil
wiley +1 more source
Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +1 more source
The Role of Taxes as Automatic Destabilizers in New Keynesian Economics [PDF]
This paper analyses the effects of taxation in New Keynesian economics. The results show that taxes contribute to price and wage stickiness and, moreover, that the resulting fluctuations in welfare are magnified by the presence of taxes.
Claus Thustrup Hansen +1 more
core
Marvin Goodfriend: economist and central banker. [PDF]
Marshall DA.
europepmc +1 more source
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley +1 more source
Changing the Dominant Paradigm in Economics
This article addresses the discussion proposed by the World Academy of Art & Science (WAAS) about the need to build a new paradigm to confront the challenges of the global society and to move across to a New Society discussing specific problems related ...
Maria de Lourdes Mollo
doaj
Methodological Issues and the New Keynesian Economics
While recent alternative approaches to macroeconomics have all begun with the presumption that macro-economic behavior ought to be derived from micro-economic foundations, they have differed in their views concerning the appropriate micro-foundations.
openaire +1 more source
Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes
ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley +1 more source
Fiscal deficit in sub-saharan Africa: A new intuition from the institution and political drivers. [PDF]
Abanikanda EO, Dada JT, Ogunjumo RA.
europepmc +1 more source

