Results 31 to 40 of about 601,094 (287)
From classical developmentalism and post-Keynesian macroeconomics to new developmentalism
Brazilian Journal of Political Economy, 2019 New developmentalism was a response to the inability of classical developmentalism and post-Keynesian macroeconomics in leading middle-income countries to resume growth.
LUIZ CARLOS BRESSER-PEREIRA
doaj +1 more source
Informational Differences, Adaptive Learning, and Inflation Forecast Bias
International Studies of Economics, EarlyView.ABSTRACT This work highlights a previously overlooked factor that contributes to bias in private inflation forecasts—ignorance of confidential monetary rules. Additionally, it examines how this ignorance indirectly affects policy rate settings. The model proposed reconciles biases in two key forecast sources: the inflation expectations from the Survey ...
Qiang Chen, Zechen Yin
wiley +1 more source
KEYNESIAN CONSIDERATIONS IN THE POST-NEOLIBERAL ERA [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2012 Based on the fact that the present financial and economic crisis is at the same time a crisis of contemporary economic thinking, this paper aims to interpret the collapse of mainstream economics from a Keynesian point of view.
Cărămidariu Dan-Adrian
doaj
Analyzing Linear DSGE models: the Method of Undetermined Markov States [PDF]
arXiv, 2022 I show that a class of Linear DSGE models with one endogenous state variable can be represented as a three-state Markov chain. I develop a new analytical solution method based on this representation, which amounts to solving for a vector of Markov states and one transition probability.
arxiv
Informing DSGE Models Through Dynamic Factor Models
Journal of Applied Econometrics, EarlyView.ABSTRACT Structural dynamic factor models (SDFM) represent a reliable tool to inform the construction of dynamic stochastic general equilibrium (DSGE) models. The reason is that the log‐linear solution of a DSGE model has a factor structure which ensures consistency between the representations of the two models.
Mario Forni +3 more
wiley +1 more source
Policy Relevance of Development Economics Revisited
Asian Development Review, 1989 The state of development economics has recently been the subject of a great deal of discussion. This debate has been initiated by Albert Hirschman’s illuminating paper which traced the extraordinarily productive tensions surrounding the birth of a new ...
Hiroshi Kitamura
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The return to keynesianism in overcoming cyclical fluctuations? [PDF]
Ekonomski Anali, 2008 The problems faced by the American economy in the second half of 2007, which intensified in 2008, have once again asked economic science, and even more so economic policy, questions relating to business cycles - the reasons for cyclical fluctuations, the
Praščević Aleksandra
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Natural Resource and Food Import Dependence of Africa: Can Democracy Slowdown Dependence?
Sustainable Development, EarlyView.ABSTRACT Despite Africa's huge agricultural potential and natural resource abundance, the continent is paradoxically the most food import dependent and food unsecured in the world. Based on this paradoxical observation, this study seeks to analyze the effect of natural resources on food import dependence in a panel of 38 sub‐Saharan African countries ...
Sylvain B. Ngassam +2 more
wiley +1 more source
The Eurozone's Crisis Conundrum and the Role of Macroeconomic Theory
World Review of Political Economy, 2018 In the years before the global financial crisis (GFC), macroeconomic profession converged on many points of how financial markets work and how they should be regulated.
Kristijan Kotarski
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Simple Analytics of the Government Investment Multiplier [PDF]
arXiv, 2023 What are the effects of investing in public infrastructure? We answer this question with a New Keynesian model. We recast the model as a Markov chain and develop a general solution method that nests existing ones inside/outside the zero lower bound as special cases.
arxiv