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purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox … economics will be reiterated and an overview over the strands of post-Keynesian economics, their commonalities and developments …
Persistent link: https://www.econbiz.de/10011560674
purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox … economics will be reiterated and an overview over the strands of post-Keynesian economics, their commonalities and developments …
Persistent link: https://www.econbiz.de/10011918712
Persistent link: https://www.econbiz.de/10011890631
Persistent link: https://www.econbiz.de/10000659722
–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … confronts the economic trends with the interpretations of the “natural rate theory” and argues that they hardly fitting the …
Persistent link: https://www.econbiz.de/10008651698
Persistent link: https://www.econbiz.de/10002537456
Persistent link: https://www.econbiz.de/10003399178
Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of...
Persistent link: https://www.econbiz.de/10012402085
macroeconomic theory. For this purpose, we explicitly present two competing paradigms, the new-Keynesian and the post-Keynesian one …
Persistent link: https://www.econbiz.de/10011994508
Persistent link: https://www.econbiz.de/10000570413