Results 61 to 70 of about 601,094 (287)
Asymmetric markup responses to monetary shocks over the business cycle
Economica, EarlyView.Abstract A rich literature has long studied the asymmetric effects of monetary policy over the business cycle, generally presenting mixed results. Most of the empirical work, however, focuses on the responses of output and prices. Our analysis centres on the dynamics of the markup, given the key role that it plays in the transmission of monetary policy,
Nicolás Blampied +1 more
wiley +1 more source
, 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
core +2 more sources
Housing market connectedness and transmission of monetary policy
Economic Inquiry, EarlyView.Abstract This paper investigates whether interconnectivity among local housing markets influences the effectiveness of the (United States) U.S. monetary transmission mechanism. We construct measures of housing market connectedness and employ a state‐dependent local projection method to estimate nonlinear impulse responses of macroeconomic variables to ...
Woo Suk Lee, Eunseong Ma
wiley +1 more source
Revisiting the determinacy on New Keynesian Models: A survey [PDF]
arXiv, 2017 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]
, 2022 Dushko Josheski, Tatjana Boshkov
openalex +1 more source
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
UK fiscal policy and external balance under Bretton Woods: Twin deficits or distant relatives?
The Economic History Review, Volume 78, Issue 2, Page 583-612, May 2025.Abstract The United Kingdom (UK) is typically regarded as the sine qua non case of an economy experiencing chronic external imbalances under the post‐war Bretton Woods system, apparently unable to reconcile the divergent objectives of robust economic growth and current account equilibrium.
Joshua J. Banerjee
wiley +1 more source
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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2022-11 Peter Howitt – a Keynesian Still in Recovery [PDF]
, 2022 Peter Howitt is best known for his contributions to growth theory, but his work in short-run economics, which began with his Ph.D thesis and still continues, is important and deserves attention.
Laidler, David
core +1 more source
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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