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This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the hands of conservatives.That framing is also largely consistent with the conventional view of the economy and of society more generally. To put it the way that economists usually...
Persistent link: https://www.econbiz.de/10009665525
This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the hands of conservatives. That framing is also largely consistent with the conventional view of the economy and of society more generally. To put it the way that economists usually...
Persistent link: https://www.econbiz.de/10013097454
The authors apply a Hidden Markov Model to identify regimes of shifting inflation and then employ an attribution technique based on the Mahalanobis distance to identify the economic variables that determine the trajectory of inflation. Their analysis enables policymakers to focus on the most...
Persistent link: https://www.econbiz.de/10014030604
Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and … expenditures will not do. On the contrary, problems may worsen. If one wants to get serious about Keynes and Minsky, one should … illustrated by studying the Roosevelt and Kennedy/Johnson eras, as well as Keynes's reaction to the former and Minsky's critique …
Persistent link: https://www.econbiz.de/10010266570
focuses in particular on Minsky's contribution and its relevance for understanding the current crisis. …
Persistent link: https://www.econbiz.de/10010742219
particularly by Kaldor and Minsky with respect to the financial sector. …
Persistent link: https://www.econbiz.de/10010747950
disturbing factor of a generally stable real economy (Wicksell, Hayek, Schumpeter, Fisher, and the early Keynes). Thereafter … works of Keynes and the contributions of Minsky are of importance. Lastly, it is looked at the behavioural finance …
Persistent link: https://www.econbiz.de/10010332605
disturbing factor of a generally stable real economy (Wicksell, Hayek, Schumpeter, Fisher, and the early Keynes). Thereafter … works of Keynes and the contributions of Minsky are of importance. Lastly, it is looked at the behavioural finance …
Persistent link: https://www.econbiz.de/10010242872
Persistent link: https://www.econbiz.de/10011452911
Persistent link: https://www.econbiz.de/10012183528