Results 101 to 110 of about 229 (205)

Entrepreneurial State as a Creative Destroyer: Comparison of Hong Kong and Singapore's Creative Industries

open access: yesCreativity and Innovation Management, Volume 35, Issue 3, Page 555-569, September 2026.
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

Does Openness Amplify Money‐Financed Fiscal Stimulus? A Fiscal Theory Perspective

open access: yesReview of International Economics, Volume 34, Issue 4, Page 914-930, September 2026.
ABSTRACT Does economic openness enhance or diminish the effectiveness of money‐financed (MF) fiscal stimulus? This study re‐examines this question within a small open economy framework, emphasizing the fiscal regime governing government debt valuation. While the authors of an earlier study show that MF fiscal expansions generate larger output responses
Eiji Okano, Chikafumi Nakamura
wiley   +1 more source

Trend Inflation and the Costs of Price Dispersion in a Fiscal DSGE Model

open access: yesSouth African Journal of Economics, Volume 94, Issue 3, September 2026.
ABSTRACT Most inflation‐targeting frameworks allow for a positive trend inflation rate, yet its optimal level remains uncertain. The extended deliberation in South Africa to move from a 3%–6% target band to a 3% target (with a 1% tolerance band) illustrates this tension.
Clinton Joel, Hylton Hollander
wiley   +1 more source

Monetary–Fiscal Coordination in South Africa: Aligning the Stars

open access: yesSouth African Journal of Economics, Volume 94, Issue 3, September 2026.
ABSTRACT Monetary–fiscal policy tensions build‐up when debt is rising and inflation is falling. We introduce the concept of a fiscal‐neutral rate (fiscal r‐star) into a two‐agent new Keynesian dynamic stochastic general equilibrium model estimated with South African data.
Roy Havemann, Hylton Hollander
wiley   +1 more source

DSGE Model Forecasting: Rational Expectations Versus Adaptive Learning

open access: yesJournal of Forecasting, Volume 45, Issue 5, Page 2565-2586, August 2026.
ABSTRACT This paper compares within‐sample and out‐of‐sample fit of a DSGE model with rational expectations to a model with adaptive learning. The Galí, Smets, and Wouters model is the chosen laboratory using quarterly real‐time euro area data vintages, covering 2001Q1–2019Q4.
Anders Warne
wiley   +1 more source

Public Intellectuals in Digital and Global Times: the Case of Project Syndicate. [PDF]

open access: yesInt J Polit Cult Soc, 2022
Basaure M, Joignant A, Théodore R.
europepmc   +1 more source

Cash Heterogeneity and the Payout Channel of Monetary Policy

open access: yesThe Journal of Finance, Volume 81, Issue 4, Page 2371-2418, August 2026.
ABSTRACT This paper provides novel empirical evidence that cash‐rich firms have higher equity payouts and higher stock prices in response to expansionary monetary policy surprises. Stock prices rise despite weak cash‐flow, investment, and credit responses to monetary policy.
ALTAN PAZARBAŞI
wiley   +1 more source

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