Structural changes in economics during the last fifty years [PDF]
This essay portrays the major currents in recent economic thinking against the orthodoxy and dogmatism of neoclassical economics. It places behavioral economics, experimental economics, evolutionary economics, ecological economics, new institutional ...
Mishra, SK
core +1 more source
Understanding UK Productivity Using a Macroeconomic Lens
ABSTRACT We survey UK labor productivity over the long run, comparing it with other advanced economies, and focus on the sharp slowdown since the global financial crisis. Using a growth accounting framework, we highlight the primary role of total factor productivity (TFP), while noting that the contribution of capital shallowing is influenced by ...
Jagjit S. Chadha, Issam Samiri
wiley +1 more source
Credit and Prices in Woodford’s New Neoclassical Synthesis
ABSTRACT: Following recent debates on the New Neoclassical Synthesis, the theory of monetary policy has been renewed. The prevailing method, illustrated by Woodford’s version of Interest and Prices, is a Dynamic Stochastic General Equilibrium Model in which the old LM curve is voluntarily substituted by an optimal monetary rule.
Tobón Arias, Alexander de Jesús +1 more
openaire +1 more source
The Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis Framework [PDF]
The authors study the macroeconomic consequences of large military buildups using a New Neoclassical Synthesis (NNS) approach that combines nominal rigidities within imperfectly competitive goods and labour markets.
Alain Paquet +2 more
core
On the Need for New Economic Foundations: A Critique on Mainstream Macroeconomics
The body of macroeconomic theory known as the neoclassical-Keynesian synthesis, hereafter mainstream macroeconomics, has dominated the practice of economics since the middle of the twentieth century and is largely unchallenged in institutions that teach ...
Robert Hoffman
doaj
Catching-up, Inflation Differentials and Credit Booms in a Heterogeneous Monetary Union: Some Implications for EMU and new EU Member States [PDF]
In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU.
Cezary Wójcik, Ronald MacDonald
core
Behavioral economics: science or exoticism?
While studying economics as a science and an active sphere of human activity, scientists aim to give consistency to their knowledge, ensure that they are adequate and constructive.
I. N. Drogobytsky
doaj
Heterodox modeling: practicing well-tuned provisioning or commoning with networked multi-agent environments. [PDF]
Miyazaki S.
europepmc +1 more source
Implementation of digital technologies in the management of sports infrastructure facilities
The study is aimed at solving current problems of increasing the efficiency of management of sports infrastructure facilities based on the introduction of digital technologies and improving the methodological foundations for monitoring its development ...
O. N. Vishnjakova
doaj +1 more source
Marvin Goodfriend: economist and central banker. [PDF]
Marshall DA.
europepmc +1 more source

