Results 41 to 50 of about 553 (194)

Capital in Motion: Synthesizing the Circulation and Reproduction in a Multi‐Sector Growth Model

Metroeconomica, EarlyView.
ABSTRACT This paper analyzes Capital in Motion (CIM) in a capitalist economy, based on Karl Marx's Capital, Volume 2. It examines the circuit of capital, distinguishing between stock and flow variables, and integrates a multi‐sector growth model that combines the circuit and turnover of capital with the reproduction scheme.
Takashi Satoh
wiley   +1 more source

Post-Keynesianism: Evolution of Keynesian Macroeconomics in the 20^th Century

Vestnik MGIMO-Universiteta, 2016
The article analyzes the development of J.M. Keynes's theory in the second half of the twentieth century due to the works within the new direction of economical science - Post-Keynesianism.
Lyubov N. Artamonova
doaj  

Josef Steindl, the Trieste School and the BNL Quarterly Review

PSL Quarterly Review, 2012
The paper provides an introduction to the special issue in honour of Josef Steindl (1912-1993) celebrating the centennial anniversary of his birth. Steindl contributed to the theory of the firm, applying a stochastic methodology to study firms’ growth ...
Alessandro Roncaglia
doaj   +1 more source

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

On the Impact of Government Debt on Income Distribution in a Post‐Keynesian Framework With Workers' Saving

Metroeconomica, EarlyView.
ABSTRACT This paper examines the complex relationship between government debt and income distribution within a post‐Keynesian framework. Extending the model of You and Dutt (1996), we model both capitalists and workers as holders of government bonds, enabling a more nuanced analysis of income distribution dynamics.
Hagen M. Krämer, Christian R. Proaño, Sven Schnellbacher   +2 more
wiley   +1 more source

Post-Keynesianism: Evolution of Keynesian Macroeconomics in the 20 Century

Vestnik MGIMO-Universiteta, 2016
The article analyzes the development of J.M. Keynes's theory in the second half of the twentieth century due to the works within the new direction of economical science - Post-Keynesianism.
Lyubov N. Artamonova
doaj  

La scuola svedese e la teoria macroeconomica: riflessioni su una piccola economia aperta operante in regime di cambi flessibiliThe Swedish School and macroeconomic theory: Reflections on a small open economy operating within a regime of flexible exchanges

Moneta e Credito, 2013
The Swedish School, with its representatives Ohlin, Hammarskjöld and Lindahl, madeimportant contributions to the economic theory of the open economy, even if such contributions have never been at the centre of attention of economists, probably due to ...
D. TROPEANO
doaj   +1 more source

How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right

Metroeconomica, EarlyView.
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley   +1 more source

A noção de incerteza nos pós-keynesianos e institucionalistas: uma conciliação possível?
The concept of uncertainty in Post-Keynesian theory and in institutional economics [PDF]

Nova Economia, 2001
What we show is this article is that there is a link between Post- Keynesian theory and Institutional Economy. This link can help us (i) to understand the instability of the monetary economies and (ii) to oberve the relevance of the institutions in the ...
Fernando Ferrari Filho, Octavio Augusto Camargo Conceição   +1 more
doaj  

Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes

Metroeconomica, EarlyView.
ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley   +1 more source