Narrow search
Showing 1 - 10 of 1,395
Cover Image
Domar, expectations, and growth stabilization
Boianovsky, Mauro - 2020 - First preliminary draft, August 2020
expectations, without putting the guarantee to test. This paper presents a detailed treatment of Domar's stabilization plan in the …Evsey Domar put forward in a couple of articles in the 1940s a "guaranteed income growth proposal." For the first time … in macroeconomics, economic policy was supposed to work merely through the impact of its announcement on expectations. He …
Persistent link: https://www.econbiz.de/10012257524
Cover Image
The Brazilian connection in Milton Friedman's 1967 presidential address and 1976 Nobel lecture
Boianovsky, Mauro - 2018
The paper investigates the role played by Friedman's interpretation of the Brazilian inflation in his 1967 formulation of the natural rate hypothesis and in his 1976 discussion of indexation and other institutional arrangements in the face of chronic inflation. It is argued that, as an empirical...
Persistent link: https://www.econbiz.de/10011893098
Cover Image
The Brazilian connection in Milton Friedman's 1967 presidential address and 1976 Nobel lecture
Boianovsky, Mauro - 2018 - Third version, 30 July 2018
The paper investigates the role played by Friedman’s interpretation of the Brazilian inflation in his 1967 formulation of the natural rate hypothesis and in his 1976 discussion of indexation and other institutional arrangements in the face of chronic inflation. It is argued that, as an...
Persistent link: https://www.econbiz.de/10011890130
Cover Image
Effective Demand: Securing the Foundations
Allain, Olivier - Post Keynesian Economics Study Group - PKSG - 2011
This paper is a contribution to a symposium mutually reviewing papers on Keynes's principle of effective demand as set out in The General Theory, by Allain (2009. Effective demand and short-term adjustments in the General Theory, Review of Political Economy, vol. 21, 1–22), Hartwig (2007....
Persistent link: https://www.econbiz.de/10010851108
Cover Image
Effective Demand: Securing the Foundations
Hartwig, Jochen - Post Keynesian Economics Study Group - PKSG - 2011
This paper is a contribution to a symposium mutually reviewing papers on Keynes's principle of effective demand as set out in The General Theory, by Allain (2009. Effective demand and short-term adjustments in the General Theory, Review of Political Economy, vol. 21, 1–22), Hartwig (2007....
Persistent link: https://www.econbiz.de/10010851109
Cover Image
Effective Demand: Securing the Foundations
Hayes, Mark - Post Keynesian Economics Study Group - PKSG - 2011
This paper is a contribution to a symposium mutually reviewing papers on Keynes's principle of effective demand as set out in The General Theory, by Allain (2009. Effective demand and short-term adjustments in the General Theory, Review of Political Economy, vol. 21, 1–22), Hartwig (2007....
Persistent link: https://www.econbiz.de/10010636813
Cover Image
Are governments able to lean against the macroeconomic wind?
Kiefer, David M. - 2013
A standard model of activist macroeconomic policy derives a monetary reaction rule by assuming that governments have performance objectives, but are constrained by an augmented Phillips curve. In addition to monetary policy governments apply a variety of instruments to influence inflation and...
Persistent link: https://www.econbiz.de/10010210834
Cover Image
Policy effectiveness is limited by a flat Phillips curve, stabilization as practiced in Europe and the US
Kiefer, David M. - 2016
for autocorrelated shocks. Although results are mixed, our interpretation favors inertial inflation expectations over …
Persistent link: https://www.econbiz.de/10011586600
Cover Image
Policy effectiveness is limited by a flat Phillips curve, stabilization as practiced in Europe and the US
Kiefer, David M. - 2016
for autocorrelated shocks. Although results are mixed, our interpretation favors inertial inflation expectations over …
Persistent link: https://www.econbiz.de/10011882746
Cover Image
Are governments able to lean against the macroeconomic wind?
Kiefer, David - 2013
A standard model of activist macroeconomic policy derives a monetary reaction rule by assuming that governments have performance objectives, but are constrained by an augmented Phillips curve. In addition to monetary policy governments apply a variety of instruments to influence inflation and...
Persistent link: https://www.econbiz.de/10010369471