Results 81 to 90 of about 200,247 (275)
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
Interest Rate Pegs and the Reversal Puzzle: On the Role of Anticipation
Journal of Money, Credit and Banking, EarlyView.Abstract We revisit the reversal puzzle: a counterintuitive contraction of inflation in response to an interest rate peg. We show that its occurrence is intimately related to the degree of agents' anticipation. If agents perfectly anticipate the peg, reversals occur depending on the duration of the peg.
RAFAEL GERKE +2 more
wiley +1 more source
The Attempt to Revitalize Keynes' Theory
Theory, Methodology, Practice, 2002 The article gives a summary of the renewal attempts of the only, through decades dominant general economic theory, the Keynesian economics. Because of the lack of microeconomic bases and the changes happened on the commodity-, labour-, and money markets
Zsuzsa Ortutay
doaj
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
Schumpeter Meeting Keynes: A Policy-Friendly Model of Endogenous Growth and Business Cycles [PDF]
This paper studies an agent-based model that bridges Keynesian theories of demand generation and Schumpeterian theories of technology-fueled economic growth.
Andrea Roventini +2 more
core +3 more sources
Paul Anthony Samuelson and his work (on the hundredth anniversary of his birth)
Ekonomia i Prawo, 2016 Aim: The purpose of this article is an attempt to systematise and evaluate the achievements of the American Nobel laureate in economic sciences and co-founder of ‘neoclassical synthesis’ — P.A.
Mirosław Bochenek
doaj +1 more source
Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
Metroeconomica, EarlyView.ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +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
Kaldor, Hicks and Goodwin Meet the Supermultiplier: On Growth Cycles and Autonomous Demand
Metroeconomica, EarlyView.ABSTRACT This paper presents an approach to reconciling short‐run business cycles with long‐run growth in macroeconomic models. It addresses recent criticisms of supermultiplier models by developing a framework that combines investment‐driven cycles with autonomous demand‐led growth in the long run.
Ettore Gallo
wiley +1 more source