Results 31 to 40 of about 553 (194)
Creativity and Innovation Management, EarlyView.ABSTRACT This paper explores the limits of mission‐directed entrepreneurial states by drawing on the theory of recombinant innovation and F.A. Hayek's insights on the spontaneous growth of knowledge in society. First, the use of discretionary policymaking curtails the range of knowledge generated in the process of social interaction, limiting the scope
Bryan Cheang, Praharsh Mehrotra
wiley +1 more source
Financialization of Non‐Financial Corporations: A New Framework with Cases from South Africa
Development and Change, EarlyView.ABSTRACT Financialization shapes the ways in which middle‐income countries and their non‐financial corporations integrate into global value chains and the global financial system. This integration, in turn, shapes the ways in which these corporations engage with financialization. Focusing on large listed non‐financial corporations, this article unpacks
Antonio Andreoni +2 more
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The Post Keynesians and Douglas North about Uncertainty and Institutions: the Missing Link? [PDF]
Журнал институциональных исследований, 2016 The paper compares the Post Keynesian and North’s approaches to an analysis of uncertainty and uncertainty-reducing role of institutions. Author emphasizes that Post Keynesianism was the first school of economic thought that has made uncertainty the ...
Ivan V. Rozmainsky
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When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation
International Economic Review, EarlyView.ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
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Post-keynésiens et régulationnistes :Une alternative à la crise de l’économie standard ?
Revue de la Régulation, 2011 The two research programs, post-Keynesian and régulationist, have in common to provide an alternative to standard economics whose inability to account for the stylized facts observed since the 1970s, and even more in the current crisis, is now clear.
Robert Boyer
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Fiscal Consolidation and Support for the Common Currency
JCMS: Journal of Common Market Studies, EarlyView.Abstract The existence of a common currency and further integration within the European Monetary Union crucially depends on public legitimacy. As a response to the Global Financial Crisis and subsequent Sovereign Bond crisis, several European governments have implemented fiscal consolidation policies in an attempt to restore investors' confidence ...
Nicola Nones, Melle Scholten
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Monetary Policy, Inflation, and Crises: Evidence from History and Administrative Data
The Journal of Finance, EarlyView.ABSTRACT We show that a U‐shaped monetary rate path increases banking crisis risk, via credit and asset price cycles, analyzing 17 countries over 150 years. Rate hikes (raw or instrumented) increase crisis risk, but only if preceded by prolonged cuts. These patterns are unique to banking crises, unlike noncrisis recessions.
GABRIEL JIMÉNEZ +3 more
wiley +1 more source
Perché la teoria post-keynesiana non è dominante. (Why the post-keynesian theory is not dominant)
Moneta e Credito, 2010 The first part of this review of the Pasinetti’s (2010) book on the Keynesian school summarizes the reasons why the Kyenesian theory was an “unaccomplished scientific revolution”. As explained by Pasinetti, Keynes neglected some essential building blocks
Angelo Reati
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Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
Metroeconomica, EarlyView.ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +1 more source
Um modelo macrodinâmico pós-keynesiano de simulação
Brazilian Journal of Political Economy, 2007 A post-keynesian macro-dynamic model of simulation. The objective of this article is to present the structure and the simulation results of a one-sector macro-dynamic model that embeds some elements of the post-keynesian theory.
José Luís Oreiro, Fábio Hideki Ono
doaj +1 more source