The reaction of firms' expectations to monetary policy: evidence from Norwegian firms
The Scandinavian Journal of Economics, EarlyView.Abstract An important transmission channel of monetary policy is the expectations channel. However, although this channel is important in theory, it has received limited attention in the empirical literature. One reason for this lack of focus is the scarcity of data on firms' expectations.
Jon Ellingsen
wiley +1 more source
A Simple Model of Geopolitical Risk and Sanctions
Scottish Journal of Political Economy, EarlyView.ABSTRACT Geopolitical risk (GPR) shocks that trigger the imposition of sanctions tend to lower output and raise inflation in the sanctioned country. We develop a three‐equation small open economy New Keynesian model where GPR shocks are modeled as negative productivity shocks and sanctions manifest as import tariffs in response to GPR increases.
Vivien Lewis, Sirikorn Puangjit
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
Foreign Exchange Regimes in (Normal Times and) Times of War: Insights From Ukraine
Scottish Journal of Political Economy, EarlyView.ABSTRACT On February 24, 2022, as Russia invaded, the National Bank of Ukraine switched from a flexible to a fixed‐exchange rate regime. Was this optimal? We develop a tractable but carefully calibrated open‐economy model of Ukraine with nominal rigidities and frictions in international financial markets.
Oliver de Groot, Yevhenii Skok
wiley +1 more source
Marvin Goodfriend: economist and central banker. [PDF]
Bus Econ, 2023 Marshall DA.
europepmc +1 more source
After the Bust: The Outlook for Macroeconomics & Macroeconomic Policy [PDF]
The current economic crisis offers an historic opportunity for change. The depth of the crisis means there will likely be a policy turn in a Keynesian and even Post Keynesian direction. However, there are profound political, intellectual and sociological
Thomas I. Palley
core
Trends of monetary post-keynesianism in the beginning of XXI century [PDF]
, 2015 У статті розглянуто теоретико-методологічні засади монетарного посткейнсіанства. Проаналізовано погляди представників цього напряму економічної думки на роль грошей і грошово-кредитної політики у розвитку сучасного ринкового господарства.
Lopukh, K. +2 more
core
Trend Inflation and the Costs of Price Dispersion in a Fiscal DSGE Model
South African Journal of Economics, Volume 94, Issue 3, September 2026.ABSTRACT Most inflation‐targeting frameworks allow for a positive trend inflation rate, yet its optimal level remains uncertain. The extended deliberation in South Africa to move from a 3%–6% target band to a 3% target (with a 1% tolerance band) illustrates this tension.
Clinton Joel, Hylton Hollander
wiley +1 more source
Towards an institutional "landscape" view of modern money creation mechanisms and some reflections on their ecological significance. [PDF]
Sustain Sci, 2023 Hook A.
europepmc +1 more source
La théorie post-keynésienne et la recherche empirique [PDF]
The paper argues that post-Keynesian theory has reached a third stage in its development, that of empirically validating its arguments. The failure of the alternative neoclassical paradigm to meet any of the necessary empirical tests — the correspondence,
Eichner, Alfred S.
core +1 more source