Results 71 to 80 of about 79,210 (220)
New Classicals and Keynesians, or the Good Guys and the Bad Guys [PDF]
Old- style Keynesian models relied on sticky prices or wages to explain unemployment and to argue for demand-side macroeconomic policies. This approach relied increasingly on a Phillips-curve view of the world, and therefore lost considerable prestige ...
Robert J. Barro
core
Empirical Literature on Fiscal Multipliers: A Bibliometric Approach, 2002–2023
Journal of Economic Surveys, EarlyView.ABSTRACT This paper reviews the empirical literature on fiscal multipliers through a bibliometric approach, analyzing 337 journal articles published between 2002 and 2023. The articles are categorized based on empirical methodologies, fiscal shock identification strategies, geographic focus, exchange rate arrangements, and macro‐financial regime ...
Margarida Correia Varela +1 more
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
core
The Monetary Policy–Commodities Nexus: A Survey
Journal of Economic Surveys, EarlyView.ABSTRACT This survey synthesizes evidence on the bidirectional links between commodity markets and monetary policy. On the commodities‐to‐policy side, we review how shocks to energy, food, and metals pass through to inflation, inflation expectations, economic activity, and financial stability in state‐dependent ways that vary by shock type, exposure ...
Martin T. Bohl +2 more
wiley +1 more source
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
Aggregate Demand and Supply [PDF]
This paper is part of a broader project that provides a microfoundation to the General Theory of J.M. Keynes. I call this project 'old Keynesian economics' to distinguish it from new-Keynesian economics, a theory that is based on the idea that to make ...
Roger E. A. Farmer
core
Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity
The Journal of Finance, EarlyView.ABSTRACT We study the role of asset revaluation in the monetary transmission mechanism. We build an analytical heterogeneous‐agents model with two main ingredients: (i) rare disasters and (ii) heterogeneous beliefs. The model captures time‐varying risk premia and precautionary savings in a setting that nests the textbook New Keynesian model.
NICOLAS CARAMP, DEJANIR H. SILVA
wiley +1 more source
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
New Classical and New Keynesian models of business cycles [PDF]
A presentation of simple, but complete, New Classical and New Keynesian models of the economy and business cycles that illustrate the central force behind fluctuations in each.
Eric Kades
core
Monetary Policy, Inflation, and Crises: Evidence from History and Administrative Data
The Journal of Finance, EarlyView.ABSTRACT We show that a U‐shaped monetary rate path increases banking crisis risk, via credit and asset price cycles, analyzing 17 countries over 150 years. Rate hikes (raw or instrumented) increase crisis risk, but only if preceded by prolonged cuts. These patterns are unique to banking crises, unlike noncrisis recessions.
GABRIEL JIMÉNEZ +3 more
wiley +1 more source