Results 51 to 60 of about 137,698 (246)
Post Keynesian Monetary Theory for an Open Economy
, 1987 First paragraph: Frenkel and Johnson (1977, p. 24) present their theory of the balance of payments as being monetary, rather than "monetarist", on the grounds that it relies on a representation of the demand for money function which is generally accepted
Dow, Sheila
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TEACHING AND RESEARCH IN MACROECONOMICS, A SURVEY ON RECENT DEVELOPMENTS [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2002 Macroeconomics has undergone enormous changes since its birth in 1930s. Although the new developments have enhanced our understanding of macroeconomic problems and policies effects, their fast pace and vast areas have made catching up difficult for both ...
Saeed Moshiri
doaj
GLOBAL KEYNESIANISM AND BEYOND
Journal of World-Systems Research, 2015 Something like "global Keynesianism" or "transnational socialism" has been mentioned as a desirable alternative to global neoliberalism (Redmond 1997). However, a definition of this kind of global Keynesianism is hard to find.
Gernot Kohler
doaj +1 more source
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
Strategy for Economic Growth in Brazil: a Post Keynesian Approach [PDF]
The paper proposes a Keynesian strategy for economic policy that aims to achieve higher, stable and sustained economic growth in Brazil. Its main hypothesis is that the current poor growth performance of the Brazilian economy is due to macroeconomic and ...
José Luís Oreiro +1 more
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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
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
From The Keynesian Revolution to the Klein-Goldberger Model: Klein and the Dynamization of Keynesian Theory [PDF]
According to Klein, Keynes’s General Theory was crying out for empirical application. He set himself the task of implementing this extension. Our paper documents the different stages of his endeavor, focusing on his The Keynesian Revolution book, Journal
Pierre MALGRANGE, Michel DE VROEY
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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
A (Post-) Keynesian perspective on "financialisation" [PDF]
Post-Keynesian demand driven distribution and growth models, based on the notion of distribution conflict between different groups, have been critical regarding the macroeconomic effects of 'financialisation'. In the present paper, firstly, we attempt to
Eckhard Hein
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