frictions render labor-market risk countercyclical and endogenous to monetary policy. Our main result is that a majority of …

frictions render labor-market risk countercyclical and endogenous to monetary policy. Our main result is that a majority of …

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …

The notion of savings in economics has a variety of mutually incompatible meanings. This paper goes through various … funds with “savings”, and 2) explicitly connects the banking sector to the supply of money with something more theoretically …

-forming preferences raise risk aversion, increasing the importance of the precautionary savings channel through which volatility … savings is influenced by fluctuations in the volatilities of disturbances that hit the economy. It uses a simple New Keynesian …