Results 51 to 60 of about 601,094 (287)
How Margaret Thatcher's Ideology Emboldened Her to Bite the Anti‐inflationary Bullet
Economic Papers: A journal of applied economics and policy, Volume 44, Issue 1, Page 49-61, March 2025.To reduce the rate of inflation, Margaret Thatcher followed a policy of tight money. Milton Friedman in reviewing this policy predicted that it would lead to a modest reduction in output and employment (that) will be a side effect of reducing inflation to single figures by 1982, Friedman (1980, p. 14, my emphasis).
Ian M. McDonald
wiley +1 more source
Biased bureaucrats and the policies of international organizations
American Journal of Political Science, EarlyView.Abstract This article advances a novel argument about the policy output of international organizations (IOs) by highlighting the role of individual staffers. We approach them as purposive actors carrying heterogeneous ideological biases that materially shape their policy choices on the job.
Valentin Lang +2 more
wiley +1 more source
Bifurcation analysis of the Keynesian cross model [PDF]
arXiv, 2023 This study rigorously investigates the Keynesian cross model of a national economy with a focus on the dynamic relationship between government spending and economic equilibrium. The model consists of two ordinary differential equations regarding the rate of change of national income and the rate of consumer spending. Three dynamic relationships between
arxiv
China's Eco‐Civilisation, Climate Leviathan, and Hobbesian Energy Transition
Antipode, Volume 57, Issue 3, Page 830-861, May 2025.Abstract Scholars have hitherto tended to theorise China's ecological civilisation project either as a form of environmental authoritarianism or as a vision of eco‐socialism. This paper contributes to the conversation by conducting a textual analysis of Chinese scholarly discussions on eco‐civilisation.
David Chen
wiley +1 more source
Housing Crisis or Immiseration? Revisiting the Housing Question under Urban Capitalism
Antipode, EarlyView.Abstract The phrase “housing crisis” proliferates in media, politics, and scholarship, and has become the go‐to compound noun for depicting the urgency of the manifold social ills associated with widespread, deteriorating housing affordability. Instead of referring to a temporally and spatially bound event, however, the phrase now has become a ...
Ståle Holgersen, Timothy Blackwell
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
Estimating a Behavioral New Keynesian Model [PDF]
arXiv, 2019 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
Monetary Policy and Firm Dynamics [PDF]
arXiv, 2020 Do firm dynamics matter for the transmission of monetary policy? Empirically, the startup rate declines following a monetary contraction, while the exit rate increases, both of which reduce aggregate employment. I present a model that combines firm dynamics in the spirit of Hopenhayn (1992) with New-Keynesian frictions and calibrate it to match cross ...
arxiv
Imperfect Credibility versus No Credibility of Optimal Monetary Policy [PDF]
Revue Economique, (2021), 72(1), 43-63, 2020 A minimal central bank credibility, with a non-zero probability of not renegning his commitment ("quasi-commitment"), is a necessary condition for anchoring inflation expectations and stabilizing inflation dynamics. By contrast, a complete lack of credibility, with the certainty that the policy maker will renege his commitment ("optimal discretion ...
arxiv
The Long March Through the Institutions and the Fifth Wave of Juridification
Constellations, EarlyView.
Olof Hallonsten
wiley +1 more source