Results 111 to 120 of about 106,443 (272)
Aggregate Demand and Supply [PDF]
This paper is part of a broader project that provides a microfoundation to the General Theory of J.M. Keynes. I call this project 'old Keynesian economics' to distinguish it from new-Keynesian economics, a theory that is based on the idea that to make ...
Roger E. A. Farmer
core
Uncertainty, Social Norms and Consumption Theory: Post and New Keynesian Approaches [PDF]
Consumption theory has always been a neglected eld in Post Keynesian economics, whereas it is at the center of New Keynesian economics. This paper investigates similarities and differences between the two approaches. I will show that the newer mainstream
Menz, Jan-Oliver
core
Abstract The article examines the normative content and justification of intellectual property rights (IPR), focusing on the question of whether the incentive theory provides a sufficient and appropriate basis for the regulation of intangible goods within the framework of the concept of inherently limited rights.
Konrad Gliściński
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 +1 more source
Abstract This paper considers Global Value Chains by developing an open Leontief input‐output model for which household consumption is endogenously determined—the Type II framework. Three specific contributions are: an extension of the Type II input‐output model to a multi‐country setting; its empirical modelling using trade‐linked input‐output tables;
Andrew B. Trigg+3 more
wiley +1 more source
Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
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
Real‐Time Data, Revisions and the Predictive Ability of DSGE Models
ABSTRACT We evaluate the impact of real‐time macroeconomic data and data revisions on the forecasting performance of DSGE models in the US and the euro area. We identify significant differences in data revisions between the two world regions: Negative revisions (due to overestimation in early data releases) are prevalent in the US, while the euro area ...
Jan Čapek+3 more
wiley +1 more source
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
Thank you for reading post keynesian economics. Maybe you have knowledge that, people have search hundreds times for their favorite books like this post keynesian economics, but end up in harmful downloads.
A. Abt
semanticscholar +1 more source