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Public debt in the "new normal" : a Schumpeterian perspective on fiscal policy
Bofinger, Peter - 2022
's growth theory shows that credit-financed investment, which leads to an innovative use of existing resources, plays a decisive … neoclassical theory, which assigns the state merely the role of a capital destroyer. But it also offers a broader perspective than … that of monetary Keynesian theory, including MMT, in which government debt is seen to serve only to produce full employment …
Persistent link: https://www.econbiz.de/10013466735
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Optimal growth taxation
Davidsson, Marcus - In: Research in world economy 3 (2012) 1, pp. 35-44
Persistent link: https://www.econbiz.de/10009615352
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The dynamics of domestic revenue mobilization across four decades
Oppel, Annalena; McNabb, Kyle; Chachu, Daniel Ofoe - 2022
We utilize the recently updated UNU-WIDER Government Revenue Dataset, which covers key indicators on tax and non-tax revenues for 196 countries since the 1980s, to study the dynamics of government revenue tax collection across selected periods from 1985 up to the most recent available year...
Persistent link: https://www.econbiz.de/10012799100
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Unconditionally optimal Ramsey policy
Damjanovic, Tatiana; Damjanovic, Vladislav; Nolan, Charles - In: Journal of macroeconomics 69 (2021), pp. 1-7
Persistent link: https://www.econbiz.de/10013274642
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The Ramsey steady state conundrum in heterogeneous-agent economies
Chien, YiLi; Wen, Yi - 2022
Persistent link: https://www.econbiz.de/10013281216
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Ramsey optimal policy in the new-Keynesian model with public debt
Chatelain, Jean-Bernard; Ralf, Kirsten - 2019
Persistent link: https://www.econbiz.de/10012234656
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The recovery from the Great Recession: a long, evolving expansion
Shambaugh, Jay C.; Strain, Michael R. - 2021
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012405441
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Fiscal and Governance Linkages in Eastern European Energy : Enabling Growth and Convergence Through Flexible and Fiscally Accountable Regulation
Teksten, Ryan Dain - 2010
Eastern Europe is one of the fastest growing transition economies of the world. The post-socialist countries of Central and Eastern Europe, especially the Czech Republic, Hungary and Poland, continue to undergo a radical economic reform program via microeconomic liberalization, macroeconomic...
Persistent link: https://www.econbiz.de/10013138928
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Macroeconomie in Crisi E Macroeconomie in Ripresa (Macroeconomics in Crisis and Macroeconomics in Recovery) (in Italian)
Roncaglia, Alessandro - 2011
The financial and economic crisis brings to a reconsideration of macroeconomics: as it happened in the past, after the Great Crash of 1929 as well as after the Second World War and after the collapse of the Bretton Woods system in 1971 and the subsequent oil crisis. A brief critical survey of...
Persistent link: https://www.econbiz.de/10013120079
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The new consensus from a traditional Keynesian and post-Keynesian perspective : a worthwhile foundation for research or just a waste of time?
Dullien, Sebastian - 2009
This paper examines in how far the DSGE model which is often dubbed the New Keynesian Consensus is compatibel with a Post-Keynesian or traditional Keynesian understanding of the economy. It is argued that while at first sight DSGE models seem to include a lot of traditional Keynesian or even...
Persistent link: https://www.econbiz.de/10009304904