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.
Franck Bessis +2 more
core
Quantifying the Federal Reserve's objectives using a structural vector autoregressive model
Economica, Volume 92, Issue 366, Page 351-367, April 2025.Abstract The objective of the Federal Reserve (the Fed), namely, its dovish stance, is often blamed for the so‐called Great Inflation. A popular proxy for the Fed's dovish stance is constructed using the inflation coefficients in estimated Taylor rules. However, for a welfare‐optimizing central bank, the estimated Taylor coefficients are not sufficient
Shengliang Ou, Donghai Zhang
wiley +1 more source
Ideas and the changing relationship between states and markets in social policy: A review essay
International Journal of Social Welfare, Volume 34, Issue 2, April 2025.Abstract This review essay takes stock of the recent literature about the role of ideas in social policy, with a particular focus on a key issue in social policy research: the changing interactions between states and markets over time. Specifically, our aim is to examine how the ideational literature discusses and explains prominent contemporary social
Daniel Béland, Ronen Mandelkern
wiley +1 more source
MODERN MONETARY THEORY JAKO ALTERNATYWNE PODEJ-ŚCIE DO PIENIĄDZA I POLITYKI PIENIĘŻNEJ
Acta Universitatis Lodziensis. Folia Oeconomica, 2014 Niniejszy artykuł stanowi szkic podstawowych zagadnień post-keynesowskiego podejścia do pieniądza i polityki pieniężnej, zwanego Modern Monetary Theory.
Paweł Umiński
doaj
Eco - No(?) - Physics - comments and reflexions - [PDF]
arXiv, 2006 How can econophysics contribute to economics? Since the relation between basic principles of physics and economics is not established, there is no reason why physical theories should be of any value for economic theory. While economic theories leave the physicists largely without orientation in this field, econo-physicists should orient themselves at ...
arxiv
Keynesian Theory and the AD-AS Framework: A Reconsideration [PDF]
Contrary to what has been argued by a number of critics, the AD-AS framework is both internally consistent and in conformity with Keynes’s own analysis.
Amitava K. Dutt, Peter Skott
core
International Journal of Social Welfare, Volume 34, Issue 2, April 2025.Abstract Legislation governs both the admittance and treatment of forced migrants in the United States. Increasingly, many forced migrants are offered few welfare benefits, temporary protection, and no pathway to permanent residency. This paper explores forced migrants' legal categories and access to social welfare, focusing on five humanitarian ...
Alexander Bervik, Anna Ferris
wiley +1 more source
From The Keynesian Revolution to the Klein-Goldberger Model: Klein and the Dynamization of Keynesian Theory [PDF]
According to Klein, Keynes’s General Theory was crying out for empirical application. He set himself the task of implementing this extension. Our paper documents the different stages of his endeavor, focusing on his The Keynesian Revolution book, Journal
Michel DE VROEY, Pierre MALGRANGE
core
Long‐run Effects of Austerity: An Analysis of Size Dependence and Persistence in Fiscal Multipliers
Oxford Bulletin of Economics and Statistics, Volume 87, Issue 2, Page 330-356, April 2025.Abstract This paper provides evidence that austerity shocks have long‐run negative effects on GDP. Our baseline results show that contractionary fiscal shocks larger than 3% of GDP generate a negative effect of more than 5.5% on GDP even after 15 years. Evidence is also found linking austerity to smaller capital stock and total hours worked in the long‐
Guilherme Klein Martins
wiley +1 more source
Bank lending behaviour and macroeconomic factors: A study from strategic interaction perspective. [PDF]
Heliyon, 2022 Le HNQ, Nguyen TVH, Schinckus C.
europepmc +1 more source