Similar Search Results

Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (1) : Chapter One, Background and Historical Setting

Ferguson, Brian S. - 2013

This paper puts John Maynard Keynes' "The General Theory of Employment, Interest and Money" into its historical context … background to the General Theory, looks at the influence of other economists of the period on the evolution of Keynes' thought …

Persistent link: https://www.econbiz.de/10013077523

Macroeconomics in the Time of the Corona

Mehlum, Halvor - 2020

For developed market economies, the corona crisis is a new type of crisis, but this crisis has parallels to economies at other times, and to crises at other places. We discuss some mechanisms from the traditional macro literature, and from the literature on macroeconomics for developing...

Persistent link: https://www.econbiz.de/10012829762

Of fairies and governments : an ABM evaluation of the expansionary austerity hypothesis

Oliveira, Adriano Dos Reis M. Laureno; Lima, Gilberto Tadeu - In: Economia : revista da ANPEC 21 (2020) 2, pp. 233-254

This paper draws on a debate between Robert Skidelsky and Paul Krugman on the expansionary austerity hypothesis as a motivation to build a demand-driven agent-based model. The model features contagion across firms to explore whether fiscal consolidations may become expansionary due to a positive...

Persistent link: https://www.econbiz.de/10012307258

The short- and long-run inconsistency of the expansionary austerity theory : a post-Keynesian/evolutionist critique

Botta, Alberto - 2016

This paper provides a critical analysis of expansionary austerity theory (EAT). The focus is on the theoretical …

Persistent link: https://www.econbiz.de/10011591477

Have macroeconomic models lost their connection with economic reality?

Veen, Tom van - 2020

Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw … the development of macroeconomic theory over the past 40 years. The focus is on the main lines of thinking and the story … changes in macroeconomic theory and that the current debates after the GFC will be the start of a more plural approach to …

Persistent link: https://www.econbiz.de/10012211109

An empirical stock-flow consistent macroeconomic model for Denmark

Randrup Byrialsen, Mikael; Raza, Hamid - 2020

This paper emphasizes the need for understanding the interdependencies between the real and financial sides of the economy in macroeconomic models. While the real side of the economy is generally well explained in macroeconomic models, the financial side and its interaction with the real economy...

Persistent link: https://www.econbiz.de/10012149846

Interactive macroeconomics : a pluralist simulator

Prante, Franz J.; Barmucci, Alessandro; Hein, Eckhard; … - 2019

macroeconomic theory. For this purpose, we explicitly present two competing paradigms, the new-Keynesian and the post-Keynesian one …

Persistent link: https://www.econbiz.de/10011994508

Keynes, Kalecki and Minsky - Post Keynesian champions in comparison or: joining forces, horses for courses or the necessity of discrimination?

Heise, Arne - 2024

The push to pluralise the economic discipline involves making informed decisions about which paradigm to adopt, requiring a deep understanding of each paradigm's characteristics and affiliations. Once paradigmatic choices are made, different theories can either collaborate effectively or require...

Persistent link: https://www.econbiz.de/10014631944

Comments on Paul Davidson's 'Full Employment, Open Economy Macroeconomics, and Keynes’ General Theory : Does the Swan Diagram Suffice?'

Temin, Peter - 2016

' General Theory: Does the Swan Diagram Suffice?” Davidson rejects our use of the Swan diagram and argues that it distorts …

Persistent link: https://www.econbiz.de/10012998497

Full Employment, Open Economy Macroeconomics, and Keynes’ General Theory : Does the Swan Diagram Suffice?

Davidson, Paul - 2016

Theory for an Open Economy. This paper explains that the Swan Diagram is completely incompatible with Keynes's analysis …

Persistent link: https://www.econbiz.de/10012998500