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US Business Cycles from 1971-2010: A Post Keynesian Explanation [PDF]
Curiously and in spite of its name, very few business cycle theories actually treat it as a cycle. Mainstream economics, for example, models all macroeconomic fluctuations as a function of exogenous forces.
John Harvey
core
Post-Keynesian institutionalism after the great recession [PDF]
This paper surveys the context and contours of contemporary Post-Keynesian Institutionalism (PKI). It begins by reviewing recent criticism of conventional economics by prominent economists as well as examining, within the current context, important ...
Whalen, Charles J.
core +2 more sources
ABSTRACT This study examines the paradoxical relationship between policy learning and capacity: governments need certain capacities to learn effectively, yet these same capacities often emerge from previous learning experiences. Through a comparative analysis of Hong Kong and Singapore's responses to SARS and COVID‐19, we demonstrate how policy ...
Shubham Sharma, Xun Wu, Gleb Papyshev
wiley +1 more source
Post-Keynesian macroeconomics since the mid-1990s: Main developments
In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be ...
Hein, Eckhard
core
Schumpeter Meeting Keynes: A Policy-Friendly Model of Endogenous Growth and Business Cycles [PDF]
This paper studies an agent-based model that bridges Keynesian theories of demand generation and Schumpeterian theories of technology-fueled economic growth.
Andrea Roventini+2 more
core +3 more sources
Post-Keynesian Perspectives on Economic Development and Growth [PDF]
As history, institutions, social and political forces specific to any economy have a profound effect on that economy’s dynamics, it is important to understand how these have evolved with the development of capitalism. The classical economists analysed economies with labour surpluses, which kept wages at subsistence levels, encouraging profits and ...
openaire +2 more sources
The Interest Rate Effects of Government Debt Maturity: Solving the Bond Conundrum
ABSTRACT Using an empirical model, this paper finds that shortening the average maturity of US Treasury debt held outside the Federal Reserve by 1 year reduces the 5‐year forward 10‐year yield by between 130 and 150 basis points. Based on a pre‐crisis period, these estimates suggest portfolio balance effects are unlikely to reflect only post‐crisis ...
Jagjit S. Chadha+2 more
wiley +1 more source
Různá pojetí endogenity peněz v postkeynesovské ekonomii: Reinterpretace do obecnější teorie [PDF]
The theory of endogenous money supply forms one of the cornerstones of Post Keynesian economics. It has been developing rapidly during the last twenty years, but is still neglected as a theoretical background for practical central bank policy.
Ondřej Lopušník
core +1 more source
Two Different Views on Monetary Policy Impact: The New Consensus and Post-Keynesian Economics [PDF]
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
doaj +1 more source
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A. Abt
semanticscholar +1 more source