Results 71 to 80 of about 200,247 (275)
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
doaj +1 more source
Financial Fragility and the Fiscal Multiplier
Journal of Money, Credit and Banking, EarlyView.Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK +1 more
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
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Journal of Academia, 2022 This research intent to investigates the Economic Disaster Theory of the past of recent shock to Malaysia in of Asian Financial Crisis in 1997 and compare to Global Financial Crisis in 2008 and testing economic disaster theorem.
MOHD AZLAN ABDUL MAJID +3 more
doaj
Monetary Policy When Preferences Are Quasi‐Hyperbolic
Journal of Money, Credit and Banking, EarlyView.Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley +1 more source
Behavioral Macroeconomics and the New Keynesian Model [PDF]
The contribution of this paper is twofold. First, a thorough presentation of the state of the art of the New Keynesian Macroeconomic model is provided.
Jan-Oliver Menz
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The Evaluation of Post-Keynesian Economics A Comparative Analysis [PDF]
, 2015 In this article, we will make a comparative analysis of the evaluation and the developments in the Post-Keynesian Economics and then give the properties of Post-Keynesian Economics in terms of their assumptions and methodology, and their macroeconomic ...
Hiç, Özlen
core +2 more sources
The State and the Market in Industrial Development: Perspectives from the 1980s
Asian Development Review, 1992 The relationship between the state and the market has been a continuous theme for those economists seeking to understand the process of economic growth and to advise on policies to affect that process.
George Rosen
doaj +1 more source
Does the Phillips Curve Lie Down as We Age?
Journal of Money, Credit and Banking, EarlyView.Abstract Using microlevel data, we present evidence that older individuals are less willing to substitute across varieties of goods. We estimate the elasticity of substitution for different age groups and find that the youngest cohort (aged 25–34) exhibits a higher elasticity of substitution compared to the oldest group (65+).
CHADWICK CURTIS +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
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