Results 91 to 100 of about 9,954,014 (246)
What Are The Drivers of Labour Productivity in Italy?
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT This paper introduces a novel sign restriction identification within a structural Bayesian vector autoregression (VAR) to analyse how labour productivity responds to supply and demand shocks and to quantify the contribution of shocks to cyclical fluctuations.
Josué Diwambuena, Francesco Ravazzolo
wiley +1 more source
New-Consensus Macroeconomic Governance in a Keynesian world, and the Keynesian alternative [PDF]
The paper presents both the New Consensus and Keynesian equilibrium within the usual fourcompetitive macro-markets structure. It gives theoretical explanations of the perniciouseffects that the NCM governance, which has been designed for ergodic ...
Angel Asensio
core
Anchored or Adrift? A Note on Measuring Inflation Expectations Anchoring
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We develop a behavioural model of inflation which contains an indicator that quantifies the expectations unanchoring risk over the business cycle. We estimate this model using US and Canadian inflation and output gap data. We find that during the post‐pandemic inflation surge, the macroeconomic data are compatible with non mean‐reverting ...
Olena Kostyshyna +2 more
wiley +1 more source
The Cost Channel of Monetary Policy in a Post Keynesian Macrodynamic Model of Inflation and Output Targeting [PDF]
This paper contributes to the debate about whether or not inflation targeting is compatible with Post Keynesian economics. It does so by developing a model that takes into account the potentially inflationary consequences of interest rate manipulations ...
Gilberto Tadeu Lima, Mark Setterfield
core
Learning From 25 Years of Changes in Business Tax Policy
Public Budgeting &Finance, EarlyView.Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
wiley +1 more source
"A Simplified 'Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model" [PDF]
Despite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock-flow consistent (SFC) growth models of financially sophisticated economies is still in its early stages.
Gennaro Zezza, Claudio H. Dos Santos
core
THE ROLE OF MONEY IN THE LOCATIONAL THEORY: A POST-KEYNESIAN APPROACH
Revista Brasileira de Estudos Regionais e Urbanos, 2015 Um aspecto notável na literatura sobre economia regional é a pouca atenção dada à moeda e ao seu papel no desenvolvimento econômico. Os trabalhos sobre a Teoria da Localização das empresas desconsideram o sistema financeiro como um fator determinante da ...
Ana Tereza Lanna Figueiredo +1 more
doaj
Income and Wealth Distribution in a Neoclassical Two-Sector Heterogeneous-Households Growth Model with Elastic Labor Supply and Consumer Durable Goods [PDF]
Management and Economics Review, 2017 This paper proposes a two-sector two-group growth model with elastic labor supply and consumer durable goods. We study dynamics of wealth and income distribution in a competitive economy with capital accumulation as the main engine of economic growth ...
Wei-Bin ZHANG
doaj
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