Results 91 to 100 of about 4,970,263 (160)
What Are The Drivers of Labour Productivity in Italy?
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT This paper introduces a novel sign restriction identification within a structural Bayesian vector autoregression (VAR) to analyse how labour productivity responds to supply and demand shocks and to quantify the contribution of shocks to cyclical fluctuations.
Josué Diwambuena, Francesco Ravazzolo
wiley +1 more source
From The Keynesian Revolution to the Klein-Goldberger Model: Klein and the Dynamization of Keynesian Theory [PDF]
According to Klein, Keynes’s General Theory was crying out for empirical application. He set himself the task of implementing this extension. Our paper documents the different stages of his endeavor, focusing on his The Keynesian Revolution book, Journal
Pierre MALGRANGE, Michel DE VROEY
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Anchored or Adrift? A Note on Measuring Inflation Expectations Anchoring
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We develop a behavioural model of inflation which contains an indicator that quantifies the expectations unanchoring risk over the business cycle. We estimate this model using US and Canadian inflation and output gap data. We find that during the post‐pandemic inflation surge, the macroeconomic data are compatible with non mean‐reverting ...
Olena Kostyshyna +2 more
wiley +1 more source
Microfoundations of macroeconomics. Post-Keynesian contributions on the theory of the firm [PDF]
Looking through contributions about microeconomic theory, from classics to modern theory, it is possible to identify various attitudes on the role that firms play in the market. To simplify the existing multiplicity of opinion, two distinct positions can
Canale, Rosaria Rita
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Post-Keynesianism: Evolution of Keynesian Macroeconomics in the 20 Century
Vestnik MGIMO-Universiteta, 2016 The article analyzes the development of J.M. Keynes's theory in the second half of the twentieth century due to the works within the new direction of economical science - Post-Keynesianism.
Lyubov N. Artamonova
doaj
Kalman Filter Learning, Bounded Rationality and Informational Consistency
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We develop a behavioural New Keynesian model with rational (RE) and boundedly rational (BR) agents. The latter are anticipated utility learners and use simple heuristic rules to forecast aggregate variables exogenous to their micro‐environment.
Szabolcs Deák +3 more
wiley +1 more source
Deviations from Uncovered Interest Rate Parity: A Post Keynesian Explanation [PDF]
Finding satisfactory explanations of deviations from uncovered interest rate parity (UIRP) has proved to be a frustrating experience for Neoclassical economists. Studies have focused on the role of risk, but thus far no one has been able to put forward a
John Harvey
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Learning From 25 Years of Changes in Business Tax Policy
Public Budgeting &Finance, EarlyView.Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
wiley +1 more source
Monetary and budgetary-fiscal policy interactions in a Keynesian context: revisiting macroeconomic governance [PDF]
Because it was designed for efficient stationary regimes, the New-Consensus Macroeconomic governance carries several drawbacks when implemented in Keynesian non-ergodic regimes. As long as Keynesian unemployment is interpreted in terms of 'natural' rate,
Angel Asensio
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, 2023 Presentazione del working paper “An Estimation of the Banking Sector Profit Rate in a Crisis Period” durante la “Lille Post-Keynesian Conference 2023: Economic Possibilities for our Grandchildren...90 years later”, Lille, 6-8 dicembre ...
Riccardo Zolea
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