Methodological Issues and the New Keynesian Economics
Joseph E. Stiglitz
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Optimal monetary policy under commitment with a zero bound on nominal interest rates [PDF]
We determine optimal monetary policy under commitment in a forward-looking New Keynesian model when nominal interest rates are bounded below by zero. The lower bound represents an occasionally binding constraint that causes the model and optimal policy ...
Klaus Adam, Roberto M. Billi
core
On the Need for New Economic Foundations: A Critique on Mainstream Macroeconomics
The body of macroeconomic theory known as the neoclassical-Keynesian synthesis, hereafter mainstream macroeconomics, has dominated the practice of economics since the middle of the twentieth century and is largely unchallenged in institutions that teach ...
Robert Hoffman
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
Post-Keynesian macroeconomics since the mid-1990s: Main developments
In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be ...
Hein, Eckhard
core
Do government outlays crowd-out private consumption? Evidence from the European Union. [PDF]
Bölükbaşı ÖF, Çolak O.
europepmc +1 more source
The Cowles Commission Approach, Real Business Cycle Theories, and New Keynesian Economics
Ray C. Fair
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Selected Methods for Designing Monetary and Fiscal Targeting Rules Within the Policy Mix Framework. [PDF]
Przybylska-Mazur A.
europepmc +1 more source
Borrowing Alone The Theory and Policy Implications of the Commodification of Finance [PDF]
Over the past 20 years, finance has become commodified. Firms increasingly obtain finance from securities markets, instead of borrowing from commercial banks with which they have long-term relationships, while Fannie Mae and Freddie Mac package a growing
Greg Hannsgen
core

