Two Different Views on Monetary Policy Impact: The New Consensus and Post-Keynesian Economics [PDF]
Theoretical and Applied Economics, 2007 The objective of this study is to make a synthesis of the differences between two new macroeconomic views. A New Consensus has arisen among neoclassical and New-Keynesian economists, such as Romer, Taylor and Walsh.
Marius-Corneliu Marinas
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Aviation and the European Union Emission Trading System: A Bibliometric and Thematic Review
Journal of Economic Surveys, EarlyView.ABSTRACT Aviation is generally recognized as one of the most carbon intensive forms of transport. In order to tackle aviation's environmental impact, in 2012 the sector has been (partially) included in the European Union Emission Trading System (EU ETS), a market‐based mitigation mechanism designed to put a price on carbon emissions and create an ...
Riccardo Colantuono
wiley +1 more source
Aggregate Market Power: Measurement, Drivers, and Macroeconomic Effects
Journal of Economic Surveys, EarlyView.ABSTRACT This survey reviews the macroeconomic literature on market power, focusing on its measurement, determinants, and macroeconomic effects. It synthesizes evidence from concentration ratios, business dynamism indicators, and markup/markdown estimates, documenting a distinct change in trends since the 1980s, especially in the United States ...
Maria Alessandra Rossi
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A Post-Keynesian macroeconomic policy mix as an alternative to the New Consensus approach [PDF]
In a Post-Keynesian (PK) model we show that inflation targeting monetary policies, as the main stabilisation tool proposed by the New Consensus Model (NCM), in the short run are only adequate for certain values of the model parameters, but are either ...
Engelbert Stockhammer, Eckhard Hein
core
Hyperinflation argentine de 1989 : une interprétation post-keynésienne
Revue de la Régulation, 2014 The purpose of the article is twofold. Firstly, it aims at proposing a Post-Keynesian interpretation of hyperinflation. The theoretical building includes elements suggested by Post-Keynesians as well as by structuralists.
Jonathan Marie
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Capital‐Labour Substitution in Macroeconomics: A Survey of Mechanisms, Dynamics and Policy Insights
Journal of Economic Surveys, EarlyView.ABSTRACT Macroeconomic conclusions often hinge on a single, hard‐to‐pin‐down parameter: the elasticity of substitution between capital and labour, σ. This survey synthesises theory and evidence on how results change once we move beyond the Cobb–Douglas benchmark (σ=1$\sigma = 1$).
Francisco Rebelo, Fernando Del Río
wiley +1 more source
(Post) Keynesian alternative to inflation targeting* [PDF]
While the mainstream policies can not be surpassed in the enchanted ‘optimizable'world, (Post) Keynesians have to resign themselves to manage without magic wand inthe uncertain real world. The paper discusses the monetary rules proposed in the recentPost
Angel Asensio
core
From theory to practice in macroeconomic models: post-Keynesian eclecticism
PSL Quarterly Review, 2005 The paper analyses retrospectively the impact that the publication of The economists' "Manifesto" on unemployment in the EU has exerted on the European economic policies.
Ignazio Visco
doaj
Marc Lavoie, Post-Keynesian Economics: New Foundations
Revue de la Régulation, 2014 Antoine Godin
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Metas de inflação, regra de Taylor e neutralidade da moeda: uma crítica pós-keynesiana
Brazilian Journal of Political Economy, 2012 Inflation targeting, Taylor rule and money neutrality: a post-Keynesian critic. This paper critically discusses the inflation targeting regime proposed by orthodox economists, in particular the Taylor Rule.
Mariana de Lourdes Moreira Lopes +2 more
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