Results 131 to 140 of about 7,610,034 (219)
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley +1 more source
There was much in common in the development of Post-Keynesian economics in Australia and New Zealand, but there were also many differences. Both countries shared a common heritage in higher education.
Nevile, JW, Dalziel, Paul
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Modern Monetary Theory: A Solid Theoretical Foundation of Economic Policy? [PDF]
Prinz AL, Beck H.
europepmc +1 more source
ABSTRACT This study pursues a dual objective. First, it investigates the unconditional impact of anti‐globalization on structural transformation in Africa. Second, it explores how environmental degradation interacts with anti‐globalization to influence structural transformation. The analysis focuses on 52 African countries over the period 2005–2023. To
Simplice A. Asongu, Ekene ThankGod Emeka
wiley +1 more source
Are conventions solutions ? Contrasting visions of the relationship between convention and uncertainty [PDF]
This paper maps out different conceptions and dynamic accounts of convention developed within game theory, Post Keynesian economics and the économie des conventions.
John Latsis +2 more
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New Keynesian Economics and Post-Keynesian Economics: Their Validity
New Keynesian Economics which is the mainstream in the USA and PostKeynesian Economics in UK, are both using the Keynesian System as their basis. They both envision the economy as settling at a point less-than full-equilibrium in the short-run when left ...
Hiç Birol, Özlen, Hiç Gencer, Ayşen
core +1 more source
Five Principles for a New Economic Consensus
ABSTRACT This paper puts forward five principles for a new economic consensus, which could serve as a modern alternative to the Washington Consensus of 35 years ago. They are built on new ideas that have gained currency in economics over the past three decades. We also provide examples of the policies that could follow from these principles.
Timothy Besley, Andrés Velasco
wiley +1 more source
Behavioral Foundations for the Keynesian Consumption Function [PDF]
This paper has two main goals. The first is to show that behavioral rather than maximizing principles emerge from textual analysis as the microeconomic foundations for Keynes’s Consumption Theory; the second goal is to demonstrate that it is possible to ...
Eleonora Sanfilippo, Fabio D'Orlando
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ABSTRACT This paper examines the role of wages and the arbitration system in Australia's nine‐year experiment with official monetary targeting, initiated by the Fraser government in 1976. Instead of depoliticising inflation by turning it into a technical problem of monetary policy, monetarism in Australia was absorbed into the local view in which ...
Michael Beggs
wiley +1 more source
ABSTRACT This paper explores the limits of mission‐directed entrepreneurial states by drawing on the theory of recombinant innovation and F.A. Hayek's insights on the spontaneous growth of knowledge in society. First, the use of discretionary policymaking curtails the range of knowledge generated in the process of social interaction, limiting the scope
Bryan Cheang, Praharsh Mehrotra
wiley +1 more source

