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
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The New Keynesian Economics Models: Structure, Disadvantages and Perspectives [PDF]
, 2013 Jan Kodera, Tran Van Quang
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Jørgen Pedersen on Fiscal policy - A note [PDF]
With The General Theory Keynes initiated a true revolution in the field of economics putting forward a new way of reasoning which gave way to modern views on economic policy.
Finn Olesen
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Book review: Lavoie, M. (2014): Post-Keynesian Economics: New Foundations, Cheltenham, UK and Northampton, MA, USA (680 pages, hardcover, Edward Elgar, ISBN 978-1-84720-483-7) [PDF]
, 2015 John McCombie
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Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective [PDF]
The conventional wisdom that inflation and unemployment are unrelated in the long-run implies that these phenomena can be analysed by separate branches of economics. The macro literature tries to explain inflation dynamics and estimates the NAIRU.
Dennis J. Snower +2 more
core
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
core
Comment on Identification with Taylor Rules: is it indeed impossible? Extended version [PDF]
Cochrane (2007) points out that the Taylor rule parameters in New-Keynesian models are not identified, and thus trying to estimate them through single-equation regressions is pointless.
Carrillo, Julio A.
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Modern Monetary Theory: A Solid Theoretical Foundation of Economic Policy? [PDF]
Atl Econ J, 2021 Prinz AL, Beck H.
europepmc +1 more source