Results 51 to 60 of about 716,601 (239)
The Role of Taxes as Automatic Destabilizers in New Keynesian Economics [PDF]
This paper analyses the effects of taxation in New Keynesian economics. The results show that taxes contribute to price and wage stickiness and, moreover, that the resulting fluctuations in welfare are magnified by the presence of taxes.
Claus Thustrup Hansen +1 more
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New Keynesian economics: Between equilibrium and disequilibrium [PDF]
, 1994 In an attempt to explain and forecast the behavior of economic variables and of the economy as a whole, each school of economics creates its own system of paradigms, premises and models.
Gafencu, Adriana
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The place of The General Theory in the economics canon
Iberian Journal of the History of Economic Thought, 2020 This paper presents in non-technical language an interpretation of the argument of The General Theory, which is the importance of effective demand and its relation to human agency.
Constantinos Repapis
doaj +1 more source
PSL Quarterly Review, 2018 The paper is the first inaugural contribution to the new series of "Recollections of Eminent Economists". Under this name, the previous series of the journal (then called "Banca Nazionale del Lavoro Quarterly Review") used to publish autobiographic ...
A.P. Thirlwall
doaj +3 more sources
The Origin and the Resolution of Nonuniqueness in Linear Rational Expectations [PDF]
arXiv, 2018 The nonuniqueness of rational expectations is explained: in the stochastic, discrete-time, linear, constant-coefficients case, the associated free parameters are coefficients that determine the public's most immediate reactions to shocks. The requirement of model-consistency may leave these parameters completely free, yet when their values are ...
arxiv
New Keynesian economics : a monetary perspective [PDF]
In this article we construct a simple analytically tractable model to explore and evaluate New Keynesian ideas. First, we show that a New Keynesian model need not exhibit Phillips curve correlations in the absence of strategic price setting by firms ...
Stephen D. Williamson
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‘Canadianism,’ the Welfare State, and policy growth
Canadian Journal for the Academic MindThis paper will explore Canadianism and its relationship to Universal healthcare. Canadianism, a term derived for the purpose of this text, is used to conceptualize an ‘Idea’ born out of Canadian identity and Economic Nationalism during commonwealth ...
Diana Gabrielle Koujanian
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, 2005 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.
van der Ploeg, Frederick
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, 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
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On History of Mathematical Economics: Application of Fractional Calculus
Mathematics, 2019 Modern economics was born in the Marginal revolution and the Keynesian revolution. These revolutions led to the emergence of fundamental concepts and methods in economic theory, which allow the use of differential and integral calculus to describe ...
Vasily E. Tarasov
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