Results 81 to 90 of about 21,399,022 (251)

Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary Policy

Journal of Money, Credit and Banking, EarlyView.
Abstract We propose “Taylor rule yields” across horizons for the United States. Applying the standard Taylor rule to expected paths of inflation and the output gap, we construct a sequence of short‐term rates under neutral monetary policy stances, whose average defines the Taylor rule yield at each horizon.
MASAZUMI HATTORI, TOMOHIDE MINEYAMA, JOUCHI NAKAJIMA   +2 more
wiley   +1 more source

The New Consensus from a Traditional Keynesian and Post-Keynesian Perspective [PDF]

This paper examines in how far the DSGE model which is often dubbed the New Keynesian Consensus is compatibel with a Post-Keynesian or traditional Keynesian understanding of the economy.
Sebastian Dullien
core  

HOW TO DERIVE KEYNESIAN RESULTS FROM 1ST PRINCIPLES - A SURVEY OF NEW-KEYNESIAN ECONOMICS

, 1993
In the 1980s theoretical research in macroeconomics was dominated by what has become known as new-Keynesian economics. The principal aim of new-Keynesian economics is to explain how Keynesian results can be reconciled with the neo-classical principles of
VANEES, H, VANEES, H; id_orcid, GARRETSEN, H   +2 more
core   +1 more source

Policy Biases in a Model with Labor‐Market Frictions

Journal of Money, Credit and Banking, EarlyView.
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley   +1 more source

GOVERNMENT SPENDING AND ECONOMIC DISASTER THEORY IN POST ASIAN FINANCIAL CRISIS IN 1997 & GLOBAL FINANCIAL CRISIS 2008 IMPACT IN MALAYSIA

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, Faridah Pardi, Muhammad Khodri Kholib Jati, Suzana Hasan   +3 more
doaj  

The Welfare and Distributional Consequences of Corporate Tax Cuts in Open Economies

Journal of Money, Credit and Banking, EarlyView.
Abstract We develop an open‐economy heterogeneous household model with incomplete markets to quantitatively evaluate the welfare and distributional effects—both within and across countries—of the corporate tax cut (Tax Cuts and Jobs Act, TCJA) implemented in the U.S. in 2017. The model allows for examining outcomes under various possibilities including
MAMOON KADER, HASHMAT KHAN, MINJOON LEE, RAÚL RAZO‐GARCÍA   +3 more
wiley   +1 more source

New-Consensus Macroeconomic Governance in a Keynesian world, and the Keynesian alternative [PDF]

The paper presents both the New Consensus and Keynesian equilibrium within the usual fourcompetitive macro-markets structure. It gives theoretical explanations of the perniciouseffects that the NCM governance, which has been designed for ergodic ...
Angel Asensio
core  

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  

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

Consequences of Fiscal Risk to Optimal Monetary Policy

Journal of Money, Credit and Banking, EarlyView.
Abstract We study the optimal monetary policy of a New Keynesian economy on the brink of fiscal dominance. The model features a Markov switching structure to incorporate regime uncertainty. Switching probabilities can be either exogenous or endogenous. We find that a fiscal risk entails a welfare loss and breaks the “divine coincidence” because perfect
OTÁVIO DE A. J. TEIXEIRA, VLADIMIR K. TELES   +1 more
wiley   +1 more source