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The Treasury and the New Cambridge School in the 1970s
Maloney, John - 2010
With the release of Treasury papers from the 1970s under the 30-year rule we have a much more complete picture of the dispute in the 1970s between the Treasury and the Cambridge Economic Policy Group, especially given the role of three Cambridge economists. Nicholas Kaldor, Wynne Godley and...
Persistent link: https://www.econbiz.de/10008664145
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Investing in European Stock Markets for High-Technology Firms
Pierdzioch, Christian; Schertler, Andrea - 2005
We used a recursive modeling approach to study whether investors could, in real time, have used information on the comovement of stock markets to forecast stock returns in European stock markets for high-technology firms. We used weekly data on returns in the Neuer Markt, the Nouveau Marché,...
Persistent link: https://www.econbiz.de/10010260542
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Can Contractionary Fiscal Policy Be Expansionary? : Consolidation, Sustainability and Fiscal Policy Impact in Britain in the 1930s
Middleton, Roger - 2012
This paper offer a guide to how the British experience of 1929–39 may provide useful macroeconomic lessons for the present once due regard is made for historical contingency and context. It re-examines the forces that shaped policy and what we know about policy impact, focusing on, first, the...
Persistent link: https://www.econbiz.de/10013102790
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Systems of Employee Representation : The US Report
Lobel, Orly - 2014
Although employee-representation systems coexist with a collective-bargaining framework in continental Europe for many years, US labor advocates have looked upon those representations systems with suspicion. The reasons for this suspicion are historical: US employee-representation systems have...
Persistent link: https://www.econbiz.de/10013064543
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To Be or Not to Be (In) : The International Economic Effects of Brexit Uncertainty
Makrychoriti, Panagiota - 2020
This paper evaluates the impact of Brexit-related uncertainty on the economies of the UK, EU, and the US. We propose a measure of Brexit uncertainty that has not been employed before in the literature. We first construct a binary variable by listing and selecting Brexit-related events according...
Persistent link: https://www.econbiz.de/10012843218
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The Economic Eugenicism of John Maynard Keynes
Magness, Phillip - 2017
Scholars of John Maynard Keynes' life and contributions to economics have tended to approach his involvement in the … connections to his larger system of economic thought or,(2) positing an evolutionary turn in Keynes' thinking that led him to … to a historical analysis of Keynes' writings and accompanying archival material, we present evidence of a continuity of …
Persistent link: https://www.econbiz.de/10012957999
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Modern Monetary Policy Evaluation and the Lucas Critique
Israel, Karl-Friedrich - 2018
We can divide modern mainstream approaches to monetary policy evaluation in roughly four groups: large-scale Keynesian macroeconometrics, Monetarism, New Classical macroeconomics, and the most recent consensus approach of New Keynesian DSGE modeling. In a brief historical overview it is shown...
Persistent link: https://www.econbiz.de/10012907413
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On Joan Robinson’s Mathematical Confusions About the Foundation for J M Keynes’s Logical Theory of the Multiplier : The Differential Calculus
Brady, Michael Emmett - 2018
Joan Robinson had no idea about what Keynes was talking about in the General Theory with respect to (a) Keynes … Investment Multiplier, marginal propensity to consume, or income expenditure model, or the role played by Keynes's weight of the … evidence and interval valued probabilities that formed the supporting foundation for Keynes's deployment of his concept of …
Persistent link: https://www.econbiz.de/10012909585
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The 'Uncertainty' Fraud : Joan Robinson, G. L. S. Shackle and Paul Davidson's Sleight of Hand Change of Keynes's Uncertainty Definition in the General Theory
Brady, Michael Emmett - 2017
J. M. Keynes gave an exac ... …
Persistent link: https://www.econbiz.de/10012943801
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From Cambridge Keynesian to Institutional Economist : The Unnoticed Contributions of Robert Neild
Hodgson, Geoffrey M. - 2017
Robert Neild (born 1924) has made a major contribution to economics and to peace studies. This paper provides a brief sketch of Neild's life and work. While noting his research in economic policy and peace studies, this essay devotes more attention to his largely-unnoticed contributions to...
Persistent link: https://www.econbiz.de/10012944789