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Post-keynésiens et régulationnistes :Une alternative à la crise de l’économie standard ?
The two research programs, post-Keynesian and régulationist, have in common to provide an alternative to standard economics whose inability to account for the stylized facts observed since the 1970s, and even more in the current crisis, is now clear.
Robert Boyer
doaj +1 more source
The Welfare and Distributional Consequences of Corporate Tax Cuts in Open Economies
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 +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
ABSTRACT Every winter, Delhi's polluted air draws national attention to the burning of rice stubble in neighbouring states. Drawing on ethnographic fieldwork in Haryana in north India, this article shows how bureaucrats and scientists attempt to enact certainty around technological solutions to stubble burning even while privately acknowledging their ...
Nikhit Agrawal
wiley +1 more source
Post-Keynesian modelling: where are we, and where are we going to? [PDF]
This paper presents the current “state of the art” of Post-Keynesian modelling, as well as the most important issues raised by it. We first present a new formal statement of the Keynes' model, highlighting the importance of the “static model of a dynamic
Asensio, Angel +2 more
core
Income distribution in a monetary economy
In a monetary economy capital is a fund. This idea is captured by the circuit of capital. We define a circuit for fixed capital and argue that it is closed when the fund that initiates it is recovered in a present value sense.
Nazim Kadri Ekinci
doaj +1 more source
ABSTRACT The post‐pandemic inflationary spike brought inflation back to the forefront of academic research. In the debate about the origin and nature of the 2020s inflation, economists have been divided into the following two main camps: the demand‐pull camp, which attributed inflation to excess demand and linked it to fiscal and monetary stimulus put ...
Vicente Ferreira
wiley +1 more source
Post Keynesian Monetary Theory for an Open Economy
First paragraph: Frenkel and Johnson (1977, p. 24) present their theory of the balance of payments as being monetary, rather than "monetarist", on the grounds that it relies on a representation of the demand for money function which is generally accepted
Dow, Sheila
core
Two Post-Keynesian approaches to uncertainty and irreducible uncertainty
Uncertainty, especially irreducible uncertainty, is an essential component of Keyness General Theory and of post-Keynesian economics. Within post-Keynesianism, however, two contrasting understandings of uncertainty and its cognate concepts have emerged ...
Rod O'Donnell, O'Donnell, R
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History of economic thought in the post-Keynesian tradition [PDF]
First paragraph: Casual inspection ofthe post-Keynesian literature, like other heterodox literatures, reveals an extent ofref erence to historical texts and analysis ofthe se texts that is unusual in modern economics, although not in earlier economic ...
Dow, Sheila, Sheila C. Dow
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