Narrow search
Showing 1 - 10 of 1,751
Cover Image
A view on post-Keynesian interest rate policy
Argitis, Giorgos - In: Intervention. European Journal of Economics and … 08 (2011) 1, pp. 91-112
The dominant role of the "new consensus models" in central banks' policy-making in the last two decades has triggered the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor-type interest rate rules. This paper develops a simple...
Persistent link: https://www.econbiz.de/10014363113
Cover Image
A view on post-Keynesian interest rate policy
Argitis, Giorgos - In: European Journal of Economics and Economic Policies: … 8 (2011) 1, pp. 91-112
The dominant role of the "new consensus models" in central banks’ policy-making in the last two decades has triggered the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor-type interest rate rules. This paper develops a...
Persistent link: https://www.econbiz.de/10011133342
Cover Image
Axel Leijonhufvud and the Quest for Micro-foundations -- Some Reflections
Laidler, David - University of Western Ontario, Economic Policy Research … - 2006
analysing the disequilibrium dynamics of markets in which trade at non-market clearing prices would occur, was not that …
Persistent link: https://www.econbiz.de/10005212379
Cover Image
Monetary Policy and its Theoretical Foundations
Laidler, David - University of Western Ontario, Economic Policy Research … - 2005
This paper briefly discusses why a monetary policy framework that emphasises interest rates has become standard in recent years, and why so many economists have been persuaded simultaneously to downgrade the importance of monetary aggregates. Then it describes Michael Woodford's particular...
Persistent link: https://www.econbiz.de/10005812560
Cover Image
Deflation and Japan Revisited
Johnsson, Richard C.B. - Ratioinstitutet - 2003
falling prices really that bad? According to the Austrian School of Economics, this is not necessarily the case. A distinction … the first three kinds, falling prices are regarded as benign free market responses to changing circumstance, whether these … the Japanese economy of 1990-2001 is revisited. While consumer prices fell in 1995 and 1999-2001, if other prices are …
Persistent link: https://www.econbiz.de/10005419166
Cover Image
An Estimated New Keynesian Phillips Curve for Colombia, 1996-2006
Galvis, Juan Camilo - In: Lecturas de Economía (2010) 73, pp. 11-47
dynamics; (2) eighty percent of firms set their prices every five quarters; and, (3) productivity changes explain marginal …
Persistent link: https://www.econbiz.de/10008852454
Cover Image
The Treasury and the New Cambridge School in the 1970s
Maloney, John - Business School, University of Exeter - 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/10008852510
Cover Image
Fiscal and monetary policy for difficult times: MMT solutions
Leclaire, Joëlle - In: European Journal of Economics and Economic Policies: … 20 (2023) 2, pp. 356-368
spending to promote production. Increasing domestic supply will reduce the prices of goods and energy. Second, MMT advocates …
Persistent link: https://www.econbiz.de/10014481020
Cover Image
Fiscal and monetary policy for difficult times : MMT solutions
Leclaire, Joëlle - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 356-368
spending to promote production. Increasing domestic supply will reduce the prices of goods and energy. Second, MMT advocates …
Persistent link: https://www.econbiz.de/10014433735
Cover Image
The Genesis of Samuelson and Solow's Price-Inflation Phillips Curve
Hoover, Kevin D. - 2014
Samuelson and Solow in their 1960 paper in the American Economic Review: Papers and Proceedings were among the first economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They addressed the question of the relevance of Phillips's...
Persistent link: https://www.econbiz.de/10011592229