Results 41 to 50 of about 716,601 (239)
Recensione a: Lavoie M. (2022), Post-Keynesian Economics – New Foundations, 2a edizione, Cheltenham (UK) e Northampton (MA, USA): Edward Elgar.
Sergio Cesaratto
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Shifting Policy Strategy in Keynesianism [PDF]
This paper analyzes the evolution of Keynesianism making use of concepts offered by Imre Lakatos. The Keynesian "hard core" lies in its views regarding the instability of the market economy, its "protective belt" in the policy strategy for macroeconomic stabilization using fiscal policy and monetary policy. Keynesianism developed as a policy program to
arxiv
Behavioral Economics and Macroeconomic Models [PDF]
Over the past 20 years, macroeconomists have incorporated more and more results from behavioral economics into their models. We argue that doing so has helped fixed deficiencies with standard approaches to modeling the economy—for example, the ...
Driscoll, John C., Holden, Steinar
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Reflections on the Present State of Economics
In the context of the special issue on Joseph Steindl, we offer here a republication of Steindl’s contribution to the series “Recollections of Eminent Economics”, originally published in vol. 37 n.
Josef Steindl
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Estimating a Behavioral New Keynesian Model [PDF]
This paper analyzes identification issues of a behavorial New Keynesian model and estimates it using likelihood-based and limited-information methods with identification-robust confidence sets. The model presents some of the same difficulties that exist in simple benchmark DSGE models, but the analytical solution is able to indicate in what conditions ...
arxiv
Two Different Views on Monetary Policy Impact: The New Consensus and Post-Keynesian Economics [PDF]
The objective of this study is to make a synthesis of the differences between two new macroeconomic views. A New Consensus has arisen among neoclassical and New-Keynesian economists, such as Romer, Taylor and Walsh.
Marius-Corneliu Marinas
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Revisiting the determinacy on New Keynesian Models: A survey [PDF]
The goal of this paper is to review some analytic techniques that are potentially useful to shed light on the determinacy question that arises in New Keynesian models as result of a combination of several monetary policy rules; in these models, we provide conditions to guarantee existence and uniqueness of equilibrium by means of results that are ...
arxiv
Monetary Economics: Post-Keynesian Stock-Flow Consistent Approach (PK-SCF) Versus New-Keynesian Dynamic Stochastic General Equilibrium (NK-DSGE) [PDF]
Dushko Josheski, Tatjana Boshkov
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After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by J.M. Keynes.
Frederick van der Ploeg
core
On the indeterminacy of new-Keynesian economics [PDF]
We study identiÞcation in a class of three-equation monetary models. We argue that these models are typically not identiÞed. For any given exactly identiÞed model, we provide an algorithm that generates a class of equivalent models that have the same ...
Beyer, Andreas, Farmer, Roger E. A.
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