BEYOND ‘BAD DENSITY’ AND TERRITORIAL STIGMA: An Infrastructure Access Lens on Suburban Exclusion
International Journal of Urban and Regional Research, EarlyView.Abstract Segregation and social exclusion in postwar suburban housing estates are typically addressed as problems of residential location. For decades, postwar suburbs in all corners of the world have been targeted as designated sites of punitive urban intervention, grounded in territorial stigma and normative notions of density.
André Klaassen, Greet De Block
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
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
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
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
The international forward guidance transmission under a global liquidity trap [PDF]
arXiv, 2021 This paper quantitatively explores the interaction effect of forward guidance (FG) on international monetary policy transmission using a standard two-country new Keynesian model with a global liquidity trap. First, we show that the magnitude of the constant risk aversion coefficient (CRRA) is important in determining the beggar-thy-neighbor and prosper-
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
The Long March Through the Institutions and the Fifth Wave of Juridification
Constellations, EarlyView.
Olof Hallonsten
wiley +1 more source
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
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