Results 61 to 70 of about 78,583 (246)

The Monetary Policy–Commodities Nexus: A Survey

Journal of Economic Surveys, EarlyView.
ABSTRACT This survey synthesizes evidence on the bidirectional links between commodity markets and monetary policy. On the commodities‐to‐policy side, we review how shocks to energy, food, and metals pass through to inflation, inflation expectations, economic activity, and financial stability in state‐dependent ways that vary by shock type, exposure ...
Martin T. Bohl, Niklas Humann, Pierre L. Siklos   +2 more
wiley   +1 more source

A New Keynesian Workbook [PDF]

A large literature has recently developed to place the New Keynesian framework for analyzing business cycle fluctuations and the conduct of monetary policy into undergraduate economics curricula.
Pavel S. Kapinos
core  

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

Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation

Metroeconomica, EarlyView.
ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley   +1 more source

Back to Keynes? [PDF]

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  

A Life in Economics

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

Capital in Motion: Synthesizing the Circulation and Reproduction in a Multi‐Sector Growth Model

Metroeconomica, EarlyView.
ABSTRACT This paper analyzes Capital in Motion (CIM) in a capitalist economy, based on Karl Marx's Capital, Volume 2. It examines the circuit of capital, distinguishing between stock and flow variables, and integrates a multi‐sector growth model that combines the circuit and turnover of capital with the reproduction scheme.
Takashi Satoh
wiley   +1 more source

The New Keynesian Phillips Curve: Some Counterfactual Evidence [PDF]

New Keynesian models of the business cycle have become the new paradigm of monetary economics, often used for policy analysis. This paper shows that this class of models fail in one crucial respect: they imply a strong negative contemporaneous ...
Juan Paez-Farrell
core  

‘Canadianism,’ the Welfare State, and policy growth

Canadian Journal for the Academic Mind
This 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
doaj   +1 more source

New Keynesianism and Aggregate Economic Activity [PDF]

The Economic Journal, 1998
This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their contributions be valued in the relation to other recent ...
openaire   +2 more sources