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The strange non-crisis of economics : economic crisis and crisis policies in economic and political discourses

Pühringer, Stephan - 2015

any signs for a crisis of economics. After a short period of public, political and self-criticism of economics and … distinct economists the dominant crisis narratives brought forward in economic, public and political discourses ignore the role …-making processes is dominant among political and societal influential economists in the post WW II-German-speaking area, persists …

Persistent link: https://www.econbiz.de/10011814340

Are earthquakes needed to shake economics?

Schettkat, Ronald - 2010

The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets –“natural rate theory”- dominated interpretations of...

Persistent link: https://www.econbiz.de/10008651698

Analyzing causality and cointegration of macroeconomics and energy-related factors of Nordic and SEE European countries

Georgescu, Irina; Oprea, Simona-Vasilica; Bâra, Adela - In: Journal of business economics and management 25 (2024) 3, pp. 494-515

Discrepancies between several South-Eastern European (SEE) countries and Nordic countries are investigated in this paper using an econometric analysis. Its aim is to examine the relationship between CO2 emissions, GDP per capita, urban population (URB) and electricity production from Renewable...

Persistent link: https://www.econbiz.de/10015047696

Functional income distribution and aggregate demand in the Euro-area

Stockhammer, Engelbert; Onaran, Özlem; Ederer, Stefan - 2007

Persistent link: https://www.econbiz.de/10003474001

Keynesian government spending multipliers and spillovers in the euro area

Cwik, Tobias J.; Wieland, Volker - 2009

The global financial crisis has lead to a renewed interest in discretionary fiscal stimulus. Advocates of discretionary measures emphasize that government spending can stimulate additional private spending the so-called Keynesian multiplier effect. Thus, we investigate whether the discretionary...

Persistent link: https://www.econbiz.de/10003909359

Keynesian government spending multipliers and spillovers in the euro area

Cwik, Tobias; Wieland, Volker - 2010

The global financial crisis has lead to a renewed interest in discretionary fiscal stimulus. Advocates of discretionary measures emphasize that government spending can stimulate additional private spending - the Keynesian multiplier effect. Thus, we investigate whether the spending package...

Persistent link: https://www.econbiz.de/10008728755

The "Keynesian moment" in policymaking, the perils ahead, and a flow-of-funds interpretation of fiscal policy

Terzi, Andrea - 2010

With the global crisis, the policy stance around the world has been shaken by massive government and central bank efforts to prevent the meltdown of markets, banks, and the economy. Fiscal packages, in varied sizes, have been adopted throughout the world after years of proclaimed fiscal...

Persistent link: https://www.econbiz.de/10008657988

Testing the Keynesian consumption hypothesis on European panel data

Ianole, Rodica; Druică, Elena - In: Revista română de economie 40 (2015) 1, pp. 49-71

Persistent link: https://www.econbiz.de/10011545624

The euro zone crisis : what would John Maynard do?

Ehnts, Dirk H. - 2016

In his letter to US President Franklin D. Roosevelt Keynes (1933) wrote about "the technique of recovery itself". An increase in output is brought about by an increase in purchasing power, Keynes argues, which can come from three sectors: households, firms and government. Using the IS/MY...

Persistent link: https://www.econbiz.de/10011516005

Fixed and flexible exchange rates and currency sovereignty

Sardoni, Claudio (contributor); Wray, L. Randall (contributor) - 2007

This paper provides an analysis of Keynes’s original Bancorʺ proposal as well as more recent proposals for fixed exchange rates. We argue that these schemes fail to pay due attention to the importance of capital movements in today’s economy, and that they implicitly adopt an unsatisfactory...

Persistent link: https://www.econbiz.de/10003721077

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