Results 41 to 50 of about 79,210 (220)
Is New Keynesian Economics Really New? An Answer in a New Keynesian Perspective [PDF]
, 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 ...
BENASSI C. +2 more
openaire +5 more sources
The British Journal of Sociology, EarlyView.ABSTRACT Tracing the early adoption of computer gang databases by the Los Angeles County Sheriff's Department and the Los Angeles Police Department in the 1980s to the deployment of computationally‐assisted surveillance during the Vietnam War, this paper uses a genealogical approach to compare surveillance technologies developed across the arc of ...
Christina Hughes
wiley +1 more source
News shocks, consumer confidence and business cycles
Economica, EarlyView.Abstract We study the causal effects of consumer sentiment shocks on macroeconomic aggregates. By constructing a novel instrument based on major non‐economic news shocks in the USA over 1969–2022, and opinion polls around these events, we identify exogenous changes in consumer confidence.
Syed M. Hussain, Zara Liaqat
wiley +1 more source
New-Keynesian Economics Tales with Algebraic Notations [PDF]
SSRN Electronic Journal, 2014 In this paper are outlined some new-keynesian economic models along with their micro foundations. At first small model of interest rate consumption income and savings has been outlined. Modigliani-Miller model follows as one of the five neutralities in macroeconomics, and demand for money by Miller and Orr.
openaire +2 more sources
When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation
International Economic Review, EarlyView.ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
wiley +1 more source
Revisiting the EU's Democratic Deficit: Archival Insights From Maximalist Federalists
JCMS: Journal of Common Market Studies, EarlyView.Abstract This article explores the history of democratic problematisation of European integration, rather than taking part in the normative debate on the European Union's democratic legitimacy deficit that emerged in the 1990s. We focus on the narratives of non‐institutional actors who have considered that European integration should be a democratic ...
Jessy Bailly
wiley +1 more source
Two Different Views on Monetary Policy Impact: The New Consensus and Post-Keynesian Economics [PDF]
Theoretical and Applied Economics, 2007 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
doaj +1 more source
Fiscal Consolidation and Support for the Common Currency
JCMS: Journal of Common Market Studies, EarlyView.Abstract The existence of a common currency and further integration within the European Monetary Union crucially depends on public legitimacy. As a response to the Global Financial Crisis and subsequent Sovereign Bond crisis, several European governments have implemented fiscal consolidation policies in an attempt to restore investors' confidence ...
Nicola Nones, Melle Scholten
wiley +1 more source
AGRICULTURAL EMPLOYMENT IN SPAIN AND NEW KEYNESIAN ECONOMICS [PDF]
Ciencia e investigación agraria, 2016 [EN] Our research examines the agricultural labor market from the perspective of new Keynesian economics. Our aim is to verify that total gross output, total factor productivity, and real wages act as determinants of employment levels in Spanish agriculture.
Andrés González-Moralejo, Silvia +1 more
openaire +3 more sources
Behavioral Economics and Macroeconomic Models [PDF]
, 2014 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
core +1 more source