Results 61 to 70 of about 888 (172)
Endogenous Tax Compliance and Macroeconomic Performance Driven by Satisficing Evolutionary Dynamics
Metroeconomica, EarlyView.ABSTRACT We incorporate tax evasion to a demand‐led macrodynamic model of capacity utilization and output growth rate. The frequency of tax evaders is endogenously time‐varying, driven by imitation‐augmented satisficing evolutionary dynamics involving pecuniary factors, as well as non‐pecuniary elements which are reflected in the distribution of tax ...
Leonardo Barros‐Torres +2 more
wiley +1 more source
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
Monetary Dynamic Stochastic General Equilibrium Models and Inflation Persistence
Metroeconomica, EarlyView.ABSTRACT The paper investigates the capacity of New Keynesian (NK) models to explain inflation persistence without relying on ad hoc backwards‐looking mechanisms or external source of inertia. It explores various features of NK models– such as sticky wages, roundabout production structure, positive trend inflation, and monetary policy inertia– that ...
Salaheddine El Omari, Jalal Qanas
wiley +1 more source
Public Debt Dynamics in a Monetary Economy of Production
Metroeconomica, EarlyView.ABSTRACT This paper investigates the determinants and stability conditions of the public debt‐to‐GDP ratio within a theoretical framework representing the main characteristics of a monetary economy of production. To this end, we develop a dynamic Stock‐Flow Consistent (SFC) model based on the Supermultiplier approach, incorporating both bank and fiat ...
Lorenzo Di Domenico
wiley +1 more source
Modern Democratic Left and Economic Crisis
Anali Hrvatskog Politološkog Društva, 2011 Political left, notably social democracy, implies acceptance of market economy and parliamentary democracy, as a political framework within which the interests of large sections of the population could be preserved.
Dubravko Radošević
doaj
Federal Reserve Chairs and Monetary Regimes
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT This paper extends prior research by introducing a novel econometric framework—Regime‐Dependent Granger Causality—to analyse the systematic elements of United States (US) monetary policy. Using vector autoregressive models allowing for temporary Granger causality, we examine the association between monetary policy regimes—Taylor rules and ...
Yunus Aksoy +2 more
wiley +1 more source
Philosophy of economics: the analysis of alternative directions
Studia HumanitatisAlternative directions in modern economic theory assume philosophical justification. The paper provides methodological analysis of the following alternative directions in economics: the new Austrian school, modern institutionalism, radical political ...
Gerashchenko Igor Germanovich
doaj
Disagreement About Fiscal Policy
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT Politicians disagree about fiscal policy. This disagreement should have economic effects beyond the effects of government spending and taxation. We use the full set of speeches in the German Bundestag since 1960 and apply state‐of‐the art natural language processing techniques to construct two series of fiscal disagreement starting in 1970 ...
Albina Latifi +3 more
wiley +1 more source
New and Appropriate Economics for the 21st Century: A Survey of Critical Books, 1978-2013
Cadmus, 2012 Economics is an important construct explaining human wealth and well-being. Many economic ideas of the industrial era, however, are not appropriate to 21st century economies, where human and natural capital are increasingly valued, and simplistic ...
Michael Marien
doaj
Is New Keynesian Economics Really New? An Answer in a New Keynesian Perspective [PDF]
, 1996 Corrado Benassi +2 more
openalex +1 more source