Asymmetric markup responses to monetary shocks over the business cycle
Economica, EarlyView.Abstract A rich literature has long studied the asymmetric effects of monetary policy over the business cycle, generally presenting mixed results. Most of the empirical work, however, focuses on the responses of output and prices. Our analysis centres on the dynamics of the markup, given the key role that it plays in the transmission of monetary policy,
Nicolás Blampied +1 more
wiley +1 more source
La théorie post-keynésienne et la recherche empirique [PDF]
, 1982 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 ...
Eichner, Alfred S.
core +1 more source
UK fiscal policy and external balance under Bretton Woods: Twin deficits or distant relatives?
The Economic History Review, Volume 78, Issue 2, Page 583-612, May 2025.Abstract The United Kingdom (UK) is typically regarded as the sine qua non case of an economy experiencing chronic external imbalances under the post‐war Bretton Woods system, apparently unable to reconcile the divergent objectives of robust economic growth and current account equilibrium.
Joshua J. Banerjee
wiley +1 more source
GLOBAL KEYNESIANISM AND BEYOND
Journal of World-Systems Research, 2015 Something like "global Keynesianism" or "transnational socialism" has been mentioned as a desirable alternative to global neoliberalism (Redmond 1997). However, a definition of this kind of global Keynesianism is hard to find.
Gernot Kohler
doaj +1 more source
An Application of Hölder's Inequality to Economics [PDF]
Economics Bulletin, Volume 40, Issue 4, pages 2628-2636 (2020), 2020 We use H\"older's inequality to get simple derivations of certain economic formulas involving CES, Armington, or $n$-stage Armington functions.
arxiv
Econophysics of Macroeconomics: "Action-at-a-Distance" and Waves [PDF]
arXiv, 2017 We present macroeconomic model that describes evolution of macroeconomic variables and macroeconomic waves on economic space. Risk ratings of economic agents play role of their coordinates on economic space. Aggregation of economic variables like Assets and Investment, Credits and Loans of economic agents at point x define corresponding macroeconomic ...
arxiv
The Relationship between Consumption and Economic Growth of Chinese Urban and Rural Residents since Reform and Opening-up -- An Empirical Analysis Based on Econometrics Models [PDF]
arXiv, 2022 Since Reform and Opening-up 40 years ago, China has made remarkable achievements in economic fields. And consumption activities, including household consumption, have played an important role in it. Consumer activity is the end of economic activity, because the ultimate aim of other economic activities is to meet consumer demand; consumer activity is ...
arxiv
Monetary Economics: Post-Keynesian Stock-Flow Consistent Approach (PK-SCF) Versus New-Keynesian Dynamic Stochastic General Equilibrium (NK-DSGE) [PDF]
, 2022 Dushko Josheski, Tatjana Boshkov
openalex +1 more source
The Unemployment‐Risk Channel in Business‐Cycle Fluctuations
International Economic Review, EarlyView.ABSTRACT The unemployment‐risk channel (URC) amplifies an initial contraction through a reduction in consumption demand by workers who fear unemployment. Crucial for this are the dynamics of job separations and firm hiring. In US data, the job‐finding rate responds slower to identified macroeconomic shocks than the separation rate, but accounts for a ...
Tobias Broer +3 more
wiley +1 more source
Econophysics Macroeconomic Model [PDF]
arXiv, 2017 This paper presents macroeconomic model that is based on parallels between macroeconomic multi-agent systems and multi-particle systems. We use risk ratings of economic agents as their coordinates on economic space. Aggregates of economic or financial variables like Investment, Assets, Demand, Credits and etc.
arxiv