Results 61 to 70 of about 79,210 (220)
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
Evolution of New Keynesian Economics
Procedia Computer Science, 2019 Abstract In this article, the developments in the New Keynesian Economics which sprang up in USA during the ‘80s will be discussed and then the properties of the Keynesian Economics in terms of their assumptions and models will be analyzed. New Keynesian Economics is based upon the Keynesian System also considers that when the economy left to itself
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Monetary and Macroprudential Policies under Dollar‐Denominated Foreign Debt
Journal of Money, Credit and Banking, EarlyView.Abstract This paper studies monetary and macroprudential policies in a small open economy that borrows from abroad in foreign currency. The model features a novel mechanism in which exchange rate depreciation triggered by a borrowing constraint is amplified through balance of payments adjustments, increasing the real burden of foreign debt and causing ...
HIDEHIKO MATSUMOTO
wiley +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
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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
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Uncertainty, Social Norms and Consumption Theory: Post and New Keynesian Approaches [PDF]
, 2009 Consumption theory has always been a neglected eld in Post Keynesian economics, whereas it is at the center of New Keynesian economics. This paper investigates similarities and differences between the two approaches. I will show that the newer mainstream
Menz, Jan-Oliver
core
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 ...
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Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary Policy
Journal of Money, Credit and Banking, EarlyView.Abstract We propose “Taylor rule yields” across horizons for the United States. Applying the standard Taylor rule to expected paths of inflation and the output gap, we construct a sequence of short‐term rates under neutral monetary policy stances, whose average defines the Taylor rule yield at each horizon.
MASAZUMI HATTORI +2 more
wiley +1 more source
‘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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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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