How Does Progressivity Affect the Tax Cut Multiplier?
ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley +1 more source
Post-Keynesianism: Evolution of Keynesian Macroeconomics in the 20th Century
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
Entrepreneurship and Financial Deregulation
ABSTRACT We quantitatively analyze the impact of US banking deregulation in the 1980s on the aggregate economy. Using recent econometric techniques, we first reexamine existing empirical evidence on the real effects of banking deregulation. We then construct a quantitative model that integrates imperfectly competitive banks into a general equilibrium ...
Toshihiko Mukoyama, Gang Zhang
wiley +1 more source
ABSTRACT The post‐pandemic inflationary spike brought inflation back to the forefront of academic research. In the debate about the origin and nature of the 2020s inflation, economists have been divided into the following two main camps: the demand‐pull camp, which attributed inflation to excess demand and linked it to fiscal and monetary stimulus put ...
Vicente Ferreira
wiley +1 more source
Post-Keynesianism: Evolution of Keynesian Macroeconomics in the 20 Century
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
Aviation and the European Union Emission Trading System: A Bibliometric and Thematic Review
ABSTRACT Aviation is generally recognized as one of the most carbon intensive forms of transport. In order to tackle aviation's environmental impact, in 2012 the sector has been (partially) included in the European Union Emission Trading System (EU ETS), a market‐based mitigation mechanism designed to put a price on carbon emissions and create an ...
Riccardo Colantuono
wiley +1 more source
Two Post-Keynesian approaches to uncertainty and irreducible uncertainty
Uncertainty, especially irreducible uncertainty, is an essential component of Keyness General Theory and of post-Keynesian economics. Within post-Keynesianism, however, two contrasting understandings of uncertainty and its cognate concepts have emerged ...
Rod O'Donnell, O'Donnell, R
core +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]
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 +1 more
doaj
Josef Steindl, the Trieste School and the BNL Quarterly Review
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
Inflation Inequality Across Household Income Groups in Brazil: Persistence, Trend and Volatility
ABSTRACT This article investigates inflation inequality across four income strata in Brazil (very low, low, middle, and high income) from July 2006 to April 2025, using the Headline IPCA as a benchmark. We test the hypothesis that inflation dynamics and transmission mechanisms are structurally unequal and disproportionately affect lower‐income ...
Sinara do Valle, Cleomar Gomes da Silva
wiley +1 more source

