Results 21 to 30 of about 601,094 (287)
Institutionalisms in Economics: What are Behinds Their Variety?
Журнал институциональных исследований, 2021 The institutional approach in economic science arose, as is known, more than a century ago and is now called "the original institutional economics." In the middle of the last century, an alternative version of this approach emerged, called the "new ...
Vitaly L. Tambovtsev
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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
Yönetim ve Ekonomi, 2021 This study assesses the crisis of 2008 as a fertile ground by positioning against the boundaries drawn by mainstream economics and suggests an introductory path for alternative future visions on the basis of fiscal policy.
Metehan CÖMERT
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Resolving New Keynesian Anomalies with Wealth in the Utility Function [PDF]
Review of Economics and Statistics 103 (2021) 197-215, 2019 At the zero lower bound, the New Keynesian model predicts that output and inflation collapse to implausibly low levels, and that government spending and forward guidance have implausibly large effects. To resolve these anomalies, we introduce wealth into the utility function; the justification is that wealth is a marker of social status, and people ...
arxiv +1 more source
Renouveler la macroéconomie postkeynésienne ? Les modèles stock-flux cohérent et multi-agents
Revue de la Régulation, 2014 The 16th issue of the Regulation review renews the opportunity of an exchange on the post Keynesian current approach (cf. n°10), especially on post Keynesian macroeconomic modeling.
Mickaël Clévenot, Edwin Le Héron
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Inference on the New Keynesian Phillips Curve with Very Many Instrumental Variables [PDF]
arXiv, 2021 Limited-information inference on New Keynesian Phillips Curves (NKPCs) and other single-equation macroeconomic relations is characterised by weak and high-dimensional instrumental variables (IVs). Beyond the efficiency concerns previously raised in the literature, I show by simulation that ad-hoc selection procedures can lead to substantial biases in ...
arxiv
On the unimportance of commitment for monetary policy [PDF]
arXiv, 2023 In a New Keynesian model where the trade-off between stabilising the aggregate inflation rate and the output gap arises from sectoral asymmetries, the gains from commitment are either zero or negligible. Thus, to the extent that economic fluctuations are caused by sectoral shocks, policies designed to overcome the stabilisation bias are aiming to ...
arxiv
Historical Review of Macroeconomic Theories [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2005 In this paper, attention is made to study the foundations, patterns, assumptions, logics and hypothesis of macro-economic studies. Also, we try to search the causes of delay in the emergence of macro-economics in relation to micro-economics.
Abbas Shakeri
doaj
The degradation of Brazilian socioeconomics
Brazilian Journal of Political Economy, 2018 In recent years, a number of illegal activities operated under the radar of conventional analysis have taken place in Brazil. This study proposes an Extended Keynesian Model in order to understand this phenomenon, a model that explains that crises happen
MARCUS ALBAN
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THE CONTRIBUTION OF J. M. KEYNES TO THE ANALYSIS OF THE PSYCHOLOGICAL MOTIVES OF ECONOMIC BEHAVIOR
Vestnik MGIMO-Universiteta, 2016 The article examines the contribution of John Maynard Keynes to the study of the psychological motives of economic behavior. The origins of the analysis of the psychological motives in economics before Keynes are reviewed.
M. A. Kozlova
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