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Chapter 36 Agent-Based Macro
Leijonhufvud, Axel - In: Handbook of computational economics : volume 2, …, (pp. 1625-1637). 2006
capitalistic economy. Keynes challenged the presumption that flexibility of all prices guaranteed the stability of general …
Persistent link: https://www.econbiz.de/10014024369
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Keynes and the Long Period: The Economic Possibilities for Our Grandchildren
Pozzolo, Alberto Franco; Rancan, Antonella - In: QA - Rivista dell'Associazione Rossi-Doria (2010) 1
Keynes’s long period considerations set out in the essay Economic possibilities for our grandchildren. Comments concentrate … on two of Keynes’s principal forecasts, improvement in the tenor of life and solution of the economic problem, offering …, comparison is made between the thesis Keynes set out in the General Theory and the argumentation pursued by the post …
Persistent link: https://www.econbiz.de/10008508599
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Taking Back Globalization
Duggan, Marie Christine - In: Review of Radical Political Economics 45 (2013) 4, pp. 508-516
. During World War II, Keynes had similar misgivings about the effect of postwar free trade on Britain’s economy. Yet for … Keynes, economic forces are never inevitable, and capital rather than labor was the cause of trouble. His 1941 proposal for …
Persistent link: https://www.econbiz.de/10011137372
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La formulation du modèle keynésien et le choix de l'unité de mesure
Béraud, Alain - In: Recherches économiques de Louvain 80 (2014) 3, pp. 21-50
This contribution analyzes how Keynes and the Keynesians asked the question of the choice of the unit of measure of the … macroeconomic aggregates. Underlining the narrow relationships which exist between the lectures Keynes professed between 1933 and … 1935 and the diverse versions of the model IS-LM, it shows that the problems arise from the way Keynes had approached this …
Persistent link: https://www.econbiz.de/10011187379
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Theory of economy as the original cause of the world crisis
Jakóbik, Witold - In: Contemporary economics 5 (2011) 2, pp. 4-15
A growing debate around the active role played by the neoliberal ideology and the economy connected with it in the crisis development. The polarisation of researchers in this area is quite significant: starting from the negation of this role to its complete affirmation. This analysis is aimed at...
Persistent link: https://www.econbiz.de/10009244158
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Revenue and expenditure nexus : a case study of ECOWAS
Magazzino, Cosimo - 2013
This paper aims to assess the relationship among fiscal variables (government revenue and expenditure) in Sub-Saharan African countries. Using yearly data for the period between 1980 and 2011 in fifteen ECOWAS countries, a weak long-run relationship between government expenditure and revenue...
Persistent link: https://www.econbiz.de/10009728600
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The twelve Federal Reserve Banks : governance and accountability in the 21st century
Conti-Brown, Peter - 2015
Chronicling the politics that led to the creation of the twelve Reserve Banks and the pursuant legal and political consequences, this paper argues that the Federal Reserve’s quasi-private Reserve Banks are, at best, opaque and unaccountable, and, at worst, unconstitutional. Following the Panic...
Persistent link: https://www.econbiz.de/10011448756
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Richard Kahn and Israeli Economic Policy, 1957 and 1962
Schiffman, Daniel - In: HISTORY OF ECONOMIC THOUGHT AND POLICY 2014/1 (2014) 1, pp. 31-73
This paper documents Richard Kahn’s role as an unofficial advisor to the Israeli Government, using archival and published sources. In 1957, Kahn predicted that the European Economic Community (EEC) customs union would harm Israel’s trade and that the EEC would reject Israel’s application...
Persistent link: https://www.econbiz.de/10010876309
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TRAPS EMBRACED OR ESCAPED:Elites in the Economic Development of Modern Japan and China
Mosk, Carl - World Scientific Publishing Co. Pte. Ltd.
Countries commencing industrialization with relatively low levels of agricultural productivity, hence low wages, enjoy advantages that can also prove host to daunting challenges. The chief advantage is a relatively elastic supply of labor for manufacturing; the chief challenge is how to free up...
Persistent link: https://www.econbiz.de/10010883052
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Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years
Issing, Otmar; Wieland, Volker - In: Journal of Economics and Statistics (Jahrbuecher fuer … 233 (2013) 3, pp. 423-445
In this paper, we provide some reflections on the development of monetary theory and monetary policy over the last 150 years. Rather than presenting an encompassing overview, which would be overambitious, we simply concentrate on a few selected aspects that we view as milestones in the...
Persistent link: https://www.econbiz.de/10010907920