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Economic policy in India : for economic stimulus, or for austerity and volatility?
Sen, Sunanda; DasGupta, Zico - 2014
measures have also loomed over the global recession. This paper highlights the theoretical fallacies of monetarism and analyzes …
Persistent link: https://www.econbiz.de/10010385761
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The New Keynesian approach to dynamic general equilibrium modeling : models, methods, and macroeconomic policy evaluation
Schmidt, Sebastian; Wieland, Volker - 2012
This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...
Persistent link: https://www.econbiz.de/10010391304
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Chapter 22. The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation
Schmidt, Sebastian; Wieland, Volker - In: Handbook of computable general equilibrium modeling : …, (pp. 1439-1512). 2013
This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...
Persistent link: https://www.econbiz.de/10014025269
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Macroeconomie in Crisi E Macroeconomie in Ripresa (Macroeconomics in Crisis and Macroeconomics in Recovery) (in Italian)
Roncaglia, Alessandro - 2011
The financial and economic crisis brings to a reconsideration of macroeconomics: as it happened in the past, after the Great Crash of 1929 as well as after the Second World War and after the collapse of the Bretton Woods system in 1971 and the subsequent oil crisis. A brief critical survey of...
Persistent link: https://www.econbiz.de/10013120079
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Monetary and macroprudential policies with direct and indirect financing : implications for macroeconomic stability
Bruch, Jan; Seitz, Franz; Vollmer, Uwe - 2024
and inflation. Simultaneous monetary policy and macroprudential policy shocks do not alter the reaction of inflation … die Auswirkungen von monetären Schocks auf die Volatilität der Finanzvariablen, nicht aber der Produktion und Inflation …. Gleichzeitige geldpolitische und makroprudenzielle Schocks verändern die Reaktion der Inflation im Vergleich zu einem …
Persistent link: https://www.econbiz.de/10014631259
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Revisiting (and connecting) Marglin-Bhaduri and Minsky : an SFC look at financialization and profit-led growth
Santos, Claudio Hamilton Matos dos; Silva, Antonio … - 2009
Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that: (1) this strategy is potentially misleading; (2) that the stock-flow...
Persistent link: https://www.econbiz.de/10003859971
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Of fairies and governments : an ABM evaluation of the expansionary austerity hypothesis
Oliveira, Adriano Dos Reis M. Laureno; Lima, Gilberto Tadeu - In: Economia : revista da ANPEC 21 (2020) 2, pp. 233-254
This paper draws on a debate between Robert Skidelsky and Paul Krugman on the expansionary austerity hypothesis as a motivation to build a demand-driven agent-based model. The model features contagion across firms to explore whether fiscal consolidations may become expansionary due to a positive...
Persistent link: https://www.econbiz.de/10012307258
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Relationships between inflation and unemployment in the United States, Japan and Germany during the economic crisis caused by the COVID-19 pandemic
Grabia, Tomasz; Bywalec, Grzegorz - In: Comparative economic research : Central and Eastern Europe 27 (2024) 2, pp. 29-47
The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and … economy, particularly the service sector. A decrease in aggregate supply should cause not only an increase in unemployment but …
Persistent link: https://www.econbiz.de/10015063564
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Digitalisation : channels, impacts and implications for monetary policy in the euro area
2021
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …
Persistent link: https://www.econbiz.de/10012626753
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Time, expectations and financial markets
Herr, Hansjörg - 2009
After the breakdown of the Bretton Woods system and the beginning of the neoliberal revolution, financial markets became very unstable. The theoretical background of the neoliberal revolution stands in the tradition of Léon Walras. He was very much impressed by Isaac Newton, used his...
Persistent link: https://www.econbiz.de/10009549820