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Inflation and Growth : A New Keynesian Perspective

Amano, Robert A. - 2012

The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage rigidities, despite the fact that these rigidities now figure prominently in workhorse macroeconomic models. We therefore integrate staggered price- and wage-setting into an...

Persistent link: https://www.econbiz.de/10013103408

Misperceptions and Monetary Policy in a New Keynesian Model

Jääskelä, Jarkko P. - 2005

This paper studies the consequences for the monetary policy design of information shortages on the part of the private sector. We model these shortages as exogenous shocks to expected output, which through an IS curve, disturb demand and output themselves. We constrain policymakers to follow...

Persistent link: https://www.econbiz.de/10012735770

Disequilibrium Dynamics of the Monetary Economy : A Micro-Founded Synthesis of the Wicksellian Theory of Cumulative Process and the Keynesian Theory of Effective Demand

Iwai, Katsuhito - 2019

The present article is an attempt to reconstruct a macro-dynamic theory of the monetary economy on the basis of the … theory of monopolistically competitive firms formulated as a micro-foundation for the decentralized price mechanism. It shows …

Persistent link: https://www.econbiz.de/10012899318

The Road Less Traveled : Monetary Disequilibrium, Austrian Capital Theory, and the 'Keynesian Diversion'

Burns, Scott - 2016

but compatible traditions: monetary disequilibrium theory (MDT) and the Austrian business cycle theory (ABCT). I argue … Keynes's General Theory. Unfortunately, their ideas were not united in time to mount a sufficient counterattack to the … link” that can help connect these alternative paths: free banking theory …

Persistent link: https://www.econbiz.de/10013003017

Minsky's moment? : the rise of depoliticised Keynesianism and ideational change at the Federal Reserve after the financial crisis of 2007/08

Levingston, Oliver - In: Review of international political economy 28 (2021) 6, pp. 1459-1486

Persistent link: https://www.econbiz.de/10012652637

Inflation Determination with Taylor Rules : Is New Keynesian Analysis Critically Flawed?

McCallum, Bennett T. - 2021

Cochrane (2007) has strongly questioned the basic economic logic of current mainstream monetary policy analysis, arguing that the standard notion --that "determinacy" of a rational expectations (RE) equilibrium suffices to imply that stable inflation behavior will be generated -- is incorrect....

Persistent link: https://www.econbiz.de/10013239190

Inflation Determination with Taylor Rules : Is New Keynesian Analysis Critically Flawed?

McCallum, Bennett T. - 2008

Persistent link: https://www.econbiz.de/10012464114

A modern guide to state intervention : economic policies for growth and sustainability

Karagiannis, Nikolaos (ed.); King, John E. (ed.) - 2019

Contents: Foreword / Geoff Harcourt -- Introduction: The role of government / Nikolaos Karagiannis and John E. King -- Part I: Philosophical and theoretical aspects -- 1. Policy and state in complexity economics / Wolfram Elsner -- 2. State and public sector: key economic and...

Persistent link: https://www.econbiz.de/10012251859

Role of monetary policy in a New Keynesian economy : a note from a laboratory experiment

Das, Abhishek; Ghose, Arpita; Gupta, Gautam - In: Macroeconomics and finance in emerging market economies 9 (2016) 1/3, pp. 204-216

Persistent link: https://www.econbiz.de/10011583819

More is different ... and complex! : the case for agent-based macroeconomics

Dosi, Giovanni; Roventini, Andrea - In: Journal of evolutionary economics : JEE 29 (2019) 1, pp. 1-37

Persistent link: https://www.econbiz.de/10012054427