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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
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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
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The Relevance of Kalecki: The Useable Contribution
Minsky, Hyman P. - In: PSL Quarterly Review 66 (2013) 265, pp. 95-106
The paper is a to date unpublished contribution by Minsky prepared for a conference at the University of Perugia held in 1986. It contains Minsky's assessment of Kalecki's contribution. According to Minsky, the question of Kalecki's priority over Keynes with respect to the construction of...
Persistent link: https://www.econbiz.de/10010742204
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Non-Keynesian Effects of Fiscal Expansion on Real Interest Rates
Zelekha, Yaron - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 57 (2011) 3, pp. 163-175
The expansionary characteristics of the multi-year fiscal policy in Israel (and especially the share of government spending in the product and the ratios of overall debt and tax burden that were, during the sample period, among the highest in the western world) created many similarities to the...
Persistent link: https://www.econbiz.de/10010883592
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Géniuszok párharca. Milton Friedman és J. M. Keynes vitája Tim Congdon és Robert Skidelsky előadásában
Szepesi, György - In: Közgazdasági Szemle (Economic Review - monthly of the … LX (2013) 6, pp. 633-649
Tavaly ünnepelte a közgazdász-társadalom Milton Friedman Nobel-díjas közgazdász születésének századik évfordulóját. A jubileumi megemlékezésnek különös aktualitást ad, hogy a 2008 óta tartó pénzügyi világválság hátterében ismét fellobbant a 20. századi...
Persistent link: https://www.econbiz.de/10010962757
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On prices in the new neoclassical Sythesis in Macroeconomics
Tobon, Alexander - In: Lecturas de Economía (2008) 69, pp. 201-220
The aim of this paper is to study the role that prices play in the New Neoclassical Synthesis. It is shown that … offers the same answers on the minor role of prices in static macroeconomics. In spite of this, the New Neoclassical … the search for not just better answers, but for new questions regarding prices in a monetary theory. …
Persistent link: https://www.econbiz.de/10005464605
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Intereses y precios: Keynes en la tradición cuantitativa de Wicksell
Tobón, Alexander - In: REVISTA ECOS DE ECONOMÍA (2008)
ResumenEste artículo tiene por objeto mostrar que el Tratado del dinero de Keynes se inscribe en la tradición cuantitativa de Knut Wicksell. La especificidad de la teoría de Keynes respecto a Wicksell se deriva de la constatación según la cual la teoría cuantitativa tradicional sólo se...
Persistent link: https://www.econbiz.de/10010763186
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Unemployment: natural rate epicycles or hysteresis?
Cross, Rod - In: European Journal of Economics and Economic Policies: … 11 (2014) 2, pp. 136-148
This paper argues that the natural rate of unemployment hypothesis, in which equilibrium unemployment is determined by ‘structural’ variables alone, is wrong: it is both implausible and inconsistent with the evidence. Instead, equilibrium unemployment is haunted by hysteresis. The...
Persistent link: https://www.econbiz.de/10011133346
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La crítica de Hicks al Tratado del Dinero de Keynes
Arias, Alexander Tobón - In: Lecturas de Economía (2004) 61, pp. 121-130
This article shows that the criticism made by Hicks to the Treaty on the Currency of Keynes is not correct. Thus, we present the model of Keynes to show that the equality between investment and saving is a monetary equilibrium condition and not an identity. This result cannot be obtained in the...
Persistent link: https://www.econbiz.de/10005606923
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RIGIDITÉS SALARIALES ET CHÔMAGE. LES FRONTIÈRES CLASSIQUES DU PROGRAMME NÉO-KEYNÉSIEN ÉTAIENT-ELLES TRACÉES?
HOANG-NGoc, Liêm - In: Cahiers d’économie politique / Papers in Political … (2005) 48, pp. 161-185
This article underlines the restrictive perspective of the neo-keynesian research program of "microdoundations of unemployment", compared to the keynesian project of a general theory which would marginalize the classical cases. This neo-keynesian program has first restricted the interpretation...
Persistent link: https://www.econbiz.de/10005078886