Results 61 to 70 of about 137,698 (246)

From theory to practice in macroeconomic models: post-Keynesian eclecticism

PSL Quarterly Review, 2005
The paper analyses retrospectively the impact that the publication of The economists' "Manifesto" on unemployment in the EU has exerted on the European economic policies.
Ignazio Visco
doaj  

A critical look at green energy policies

Economic Affairs, EarlyView.
Lawrence Haar
wiley   +1 more source

Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages

Metroeconomica, EarlyView.
ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley   +1 more source

Post-Keynesian dynamic stochastic general equilibrium theory [PDF]

, 2017
This paper explains the connection between ideas developed in my recent books and papers and those of economists who self-identify as post-Keynesians.
Farmer, Roger E.A., Roger E.A. Farmer, Farmer, Roger E. A.   +2 more
core   +1 more source

MODERN MONETARY THEORY JAKO ALTERNATYWNE PODEJ-ŚCIE DO PIENIĄDZA I POLITYKI PIENIĘŻNEJ

Acta Universitatis Lodziensis. Folia Oeconomica, 2014
Niniejszy artykuł stanowi szkic podstawowych zagadnień post-keynesowskiego podejścia do pieniądza i polityki pieniężnej, zwanego Modern Monetary Theory.
Paweł Umiński
doaj  

Tax Progressivity, Public Debt, and Growth in a Neo‐Kaleckian Model

Metroeconomica, EarlyView.
ABSTRACT We develop a neo‐Kaleckian growth‐and‐distribution model featuring two classes of workers and a progressive income tax. Two fiscal closures are considered: balanced budgets and deficit financing via public debt. We study the responses to shocks, including changes in functional income distribution, and assess how tax progressivity alters demand
Tailiny Ventura, Fabrício J. Missio, Júlio Fernando Costa Santos   +2 more
wiley   +1 more source

'Financialisation' in Post-Keynesian models of distribution and growth - a systematic review [PDF]

We review recent attempts to integrate 'financialisation' processes into Post-Keynesian distribution and growth models and distinguish three principal channels of influence: 1. objectives and finance restrictions of firms, 2.
Till van Treeck, Eckhard Hein
core  

Racial Inequality, Growth and Distribution

Metroeconomica, EarlyView.
ABSTRACT A post‐Keynesian‐Kaleckian model along structuralist lines is developed to incorporate the issue of racial inequality into the analysis of growth and distribution. It draws on ideas presented in the literature about the relationship between class inequality between capitalists and workers, and racial inequality between White and Black workers,
Amitava Krishna Dutt
wiley   +1 more source

Contractionary Effects of Devaluation and the Balance Sheet Effect in a Macroeconomic Model With Heterogeneous Firms

Metroeconomica, EarlyView.
ABSTRACT We propose a demand‐led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects.
Lucca Gustafson Rodrigues, Lílian Rolim, Laura Carvalho   +2 more
wiley   +1 more source

A Post-Keynesian macroeconomic policy mix as an alternative to the New Consensus approach [PDF]

In a Post-Keynesian (PK) model we show that inflation targeting monetary policies, as the main stabilisation tool proposed by the New Consensus Model (NCM), in the short run are only adequate for certain values of the model parameters, but are either ...
Engelbert Stockhammer, Eckhard Hein
core