Results 81 to 90 of about 86,430 (257)
Public Debt Dynamics in a Monetary Economy of Production
Metroeconomica, EarlyView.ABSTRACT This paper investigates the determinants and stability conditions of the public debt‐to‐GDP ratio within a theoretical framework representing the main characteristics of a monetary economy of production. To this end, we develop a dynamic Stock‐Flow Consistent (SFC) model based on the Supermultiplier approach, incorporating both bank and fiat ...
Lorenzo Di Domenico
wiley +1 more source
Accounting for Financialization: Stock-Flow-Consistent Political Economy
World Review of Political Economy, 2015 We adopt the Post Keynesian input-output framework pioneered by Wynne Godley to delve into both the causes and consequences of financialization. The distinction between National Income accounting and stock-flow-consistent modelling is showcased.
Amelia Correa, Romar Correa
doaj +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
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Federal Reserve Chairs and Monetary Regimes
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT This paper extends prior research by introducing a novel econometric framework—Regime‐Dependent Granger Causality—to analyse the systematic elements of United States (US) monetary policy. Using vector autoregressive models allowing for temporary Granger causality, we examine the association between monetary policy regimes—Taylor rules and ...
Yunus Aksoy +2 more
wiley +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
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
Oxford Bulletin of Economics and Statistics, EarlyView.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
Continuities in policy change: The case of squatter housing redevelopment strategies in Türkiye
Review of Policy Research, EarlyView.Abstract The introduction of the neoliberal agenda in the 1980s marked a milestone for urban studies, where the neoliberal framework became widely accepted as both given and explanatory for understanding urban phenomena. This tendency often obscured policy continuities rooted in the historical and social contexts of specific geographies.
Fatma Süphan Somalı, Ufuk Poyraz
wiley +1 more source
Two Different Views on Monetary Policy Impact: The New Consensus and Post-Keynesian Economics [PDF]
Theoretical and Applied Economics, 2007 The objective of this study is to make a synthesis of the differences between two new macroeconomic views. A New Consensus has arisen among neoclassical and New-Keynesian economists, such as Romer, Taylor and Walsh.
Marius-Corneliu Marinas
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Review of Policy Research, EarlyView.ABSTRACT This study examines the paradoxical relationship between policy learning and capacity: governments need certain capacities to learn effectively, yet these same capacities often emerge from previous learning experiences. Through a comparative analysis of Hong Kong and Singapore's responses to SARS and COVID‐19, we demonstrate how policy ...
Shubham Sharma, Xun Wu, Gleb Papyshev
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Revue de la Régulation, 2011 This paper explores the similarities between post-Keynesian Economics (PKE) and Regulation Theory (RT). It is argued that, despite important differences between these traditions, the analytical contents of PKE and RT display broad similarities with ...
Mark Setterfield
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