Results 21 to 30 of about 75,667 (213)
Is New Keynesian Economics Really New? An Answer in a New Keynesian Perspective [PDF]
Research Papers in Economics, 1996 This paper contrasts the descriptive and normative properties of the New Keynesian general equilibrium models with those of other Keynesian paradigms, such as the neoclassical sintesi and the post Keynesian ones. We argue that the co-ordination failures, which are pivotal within the New Keynesian setup deliver an alternative picture of the market ...
Corrado Benassi +2 more
openalex +7 more sources
Methodological Issues and the New Keynesian Economics
, 1991 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.
Joseph E. Stiglitz
+5 more sources
Monetary and Macroprudential Policy and Welfare in an Estimated Four‐Agent New Keynesian Model
Journal of Money, Credit and Banking, EarlyView., 2023 Abstract We examine the social and agent‐specific welfare effects of monetary and macroprudential policy in a four‐agent estimated macro‐economic model comprising “banked simple households,” “underbanked simple households,” “firm owners,” and “bank owners.” Optimal capital requirement and loan loss provisions ratios improve all agent‐specific and ...
GEORGE J. BRATSIOTIS, KASUN D. PATHIRAGE
wiley +1 more source
'New Consensus' New Keynesianism, and the Economics of the 'Third Way' [PDF]
SSRN Electronic Journal, 2003 In this paper we seek first to set out the economic analysis that underpins the ideas of what has been termed the "third way." The explicit mention of the "third way" is much diminished since the early days of the Blair government in the UK and the Schroeder government in Germany.
Malcolm Sawyer +2 more
openaire +4 more sources
, 2006 This note critically evaluates the New Classical Macroeconomics from a Marshallian perspective. Revisiting the famous Keynes-Tinbergen controversy, it is argued that Keynes' criticism comprises the "Lucas critique," and that it is misleading to label ...
Bindseil, U. +3 more
core +4 more sources
New Keynesianism and Aggregate Economic Activity [PDF]
The Economic Journal, 1998 This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their contributions be valued in the relation to other recent ...
openaire +3 more sources
International Journal of Finance &Economics, EarlyView.ABSTRACT We develop a theoretical framework that extends the Bernanke and Blinder model to incorporate imperfect substitution between internal and external finance of firms to study the operation of both the bank lending and the balance sheet channels of monetary transmission in the US.
Sophocles N. Brissimis +1 more
wiley +1 more source
Financial Shocks, Uncertainty Shocks, and Corporate Liquidity
Journal of Applied Econometrics, EarlyView.ABSTRACT I estimate a structural VAR identified using sign restrictions to separately identify financial, macro uncertainty, and financial uncertainty shocks. The novelty of the estimation procedure relies on the qualitatively different response of corporate liquidity: Financial shocks lead firms to draw down their liquidity as they lose access to ...
Marco Brianti
wiley +1 more source
Thunderbird International Business Review, EarlyView.ABSTRACT As globalization has matured, the world has faced deepening interdependencies and increasing geo‐economic instability. In response, nation‐states have adopted more assertive approaches, including new industrial policies, global protectionism, and tit‐for‐tat strategies to reshape global power dynamics. This paper argues that firms can serve as
Sergio Mariotti
wiley +1 more source
Revisionism as Statecraft: David Marquand, the SDP Split and the Politics of Community
The Political Quarterly, EarlyView.Abstract This article addresses a surprisingly neglected aspect of David Marquand's intellectual development: his career as a politician. Hence, it locates his intellectual efforts from the mid‐1970s through to the end of the 1980s in relation to the travails of the Wilson and Callaghan governments.
Nick Garland
wiley +1 more source