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Interest rates, income distribution, and monetary policy dominance: Post Keynesians and the "fair rate" of interest

Rochon, Louis-Philippe; Setterfield, Mark - In: Journal of Post Keynesian Economics 30 (2007) 1, pp. 13-42

iIn light of the growing interest in "new consensus" models, this paper examines Post Keynesian alternatives to the Taylor rule. It identifies two distinctive approaches to Post Keynesian interest rate policy, which we label the activist and the/i parking-it irules. The first approach advocates...

Persistent link: https://www.econbiz.de/10005225561

The Budgetary Implications of Higher Federal Reserve Board Interest Rates

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2015

This paper explores the potential impact of the Federal Reserve Board’s decision on interest rates on the budget deficit. The first part recounts the history of the 1990s surplus, correcting the widely held misunderstanding that this surplus was achieved by the Clinton administration’s tax...

Persistent link: https://www.econbiz.de/10011196383

GPM6; The Global Projection Model with 6 Regions

Carabenciov, Ioan; Freedman, Charles; Garcia-Saltos, Roberto - International Monetary Fund (IMF) - 2013

This is the sixth of a series of papers that are being written as part of a project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In this...

Persistent link: https://www.econbiz.de/10011242396

Botswana; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2007

pattern of dependence on diamond revenue and high unemployment persists. Botswana, as a typical small open economy, is closely …

Persistent link: https://www.econbiz.de/10011242856

Jordan; 2006 Article IV Consultation and Fourth Post-Program Monitoring Discussions: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2007

This 2006 Article IV Consultation highlights that the Jordanian economy has performed remarkably well in recent years, mainly owing to far-reaching macroeconomic and structural reforms. Despite negative shocks, growth has been robust, inflation has remained low, public debt has continued to...

Persistent link: https://www.econbiz.de/10011243039

Namibia; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2006

This Selected Issues paper analyzes unemployment and education in Namibia. Using the Afrobarometer Project survey data …, and unemployment. The paper finds that unemployment probabilities depend on the level of education. The paper also …

Persistent link: https://www.econbiz.de/10011243976

Fiscal Policy in a Depressed Economy

DeLong, J. Bradford; Summers, Lawrence H. - In: Brookings Papers on Economic Activity 44 (2012) 1 (Spring), pp. 233-297

Persistent link: https://www.econbiz.de/10010900591

Unemployment Revisited

Nickell, Stephen - In: Journal of Economic Studies 20 (1993) 1/2

role of real interest rates in unemployment models, the importance of the trade balance and related constraints in open … economy models and the uniqueness and stability of unemployment equilibria. …

Persistent link: https://www.econbiz.de/10014863425

Interest rate, unemployment rate and China's exchange rate regime

Fu, Tze‐Wei; Lin, Monli - In: International Journal of Emerging Markets 7 (2012) 2, pp. 177-190

the issue. The effects of China's interest rate differential (IRD) and unemployment rate on the exchange rate are also … time series data – including the exchange rate, IRD and unemployment rate – are used in the unit root test and Johansen … test to verify the long‐term equilibrium between real exchange rate and unemployment rate in specific periods of time …

Persistent link: https://www.econbiz.de/10014788229

The Fisher Relation in the Great Depression and the Great Recession

Laidler, David - 2013

The Fisher relation played a very different role in debates surrounding the Great Depression and the more recent Great Recession. This paper explores some of these differences, and suggests an explanation for them derived from a sketch of the idea's evolution between the two events, thus...

Persistent link: https://www.econbiz.de/10010291897