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Keynesian Economics
Keynesian economics ( KAYN-zee-ən; sometimes Keynesianism, named for the economist John Maynard Keynes) are various macroeconomic theories about how economic output is strongly influenced by aggregate demand (total spending in the economy). In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy. Instead, it is influenced by a host of factors. According to Keynes, the productive capacity of the economy sometimes behaves erratically, affecting production, employment, and inflation.Keynesian economics developed during and after the Great Depression from the ideas presented by Keynes in his 1936 book, The General Theory of Employment, Interest and Money. …
WikipediaPublications
EPRS: European Parliamentary Research Service · 14 June 2024 English
This report investigates how the EU should deal with shockflation - inflation unleashed by shocks to systemically significant prices such as energy and food. We argue that the ECB’s monetary …
Hike Prices in an Emergency?” Review of Keynesian Economics 11 (2): 183–213. https://doi.org/10.4337/roke …
UNDP: United Nations Development Programme · 4 June 2024 English
Starting from a theoretical framework that conceptualizes policy outcomes as the result of complex interactions between actors, institutions and discourses, the paper synthesizes global research on the politics of (re)distribution …
the Washington Consensus. Journal of Post Keynesian Economics, 27(2), 195-206. Winters, J. A. (2017) …
NBER: National Bureau of Economic Research · 30 May 2024 English
This paper adds life-cycle features to a New Keynesian model and shows how this places financial wealth at the center of consumption/saving decisions, thereby enriching the determinants of aggregate demand …
Lecture, BIS. Roberts, John M. (1995), “New Keynesian Economics and the Phillips Curve”, Journal of Money …
IADB: Inter-American Development Bank · 14 May 2024 English
The abundance of natural resources can adversely affect the macroeconomic stability of countries. Developing economic institutions that support the proper management of extractive industry resources is one of the fundamental …
Mankiw, N. G., & Romer, D. (1991). New Keynesian Economics. 2 vols. MIT Press. Martinelli, C. & Vega …
NBER: National Bureau of Economic Research · 3 May 2024 English
We model a reinsurance mechanism for the national unemployment insurance programs of euro area member states. The risk-sharing scheme we analyze is designed to smooth country-level unemployment risk and expenditures …
Rules in Monetary Unions, Journal of Post Keynesian Economics, 36, 85–103, http://www.jstor.org/stable/43671391 …
Bruegel · 26 April 2024 English
After that the focus is on the new dynamism in the Euro- pean Union in the second half of the 1980s and the Delors Report. [...] At the end of …
Introduction 5 2. The golden sixties: high days of Keynesian economics and european integration 9 3. The Werner … century. 8 2 THE GOLDEN SIXTIES: HIGH DAYS OF KEYNESIAN ECONOMICS AND EUROPEAN INTEGRATION At the beginning … policy. One of the fore- most historians of Keynesian economics, Alan Coddington (1983), argued that the … THE RISE OF A NEW ECONOMIC PARADIGM While Keynesian economics was still dominant in the 1960s, a new economic … monetary policies, which marked a return to Keynesian economics. The sovereign debt crisis became a watershed …
NBER: National Bureau of Economic Research · 25 April 2024 English
This article provides an overview of the literature on mobility in developing countries. Explicit distinctions are drawn between directional and non-directional measures, absolute and relative measures, and combinations thereof. We …
Income Mobility in Britain,” Journal of Post- Keynesian Economics, Vol. 3, No. 4, pp. 194–217. Azam, Mehtabul …
EU: European Union · 3 April 2024 English
This paper analyses the consumer’s decision to apply for credit and the probability of the credit being accepted in the euro area during a period characterized by the unprecedented concomitance …
section data. In Kurihara, K., (ed), Post-Keynesian Economics, Rutgers University Press, New Brunswick …
IMF: International Monetary Fund · 4 March 2024 English
producing standardized goods, and trade was dominated by finished goods rather than components. Keynesian economics shaped the categories of statistics gathered in the System of National Accounts and in the …
finished goods rather than com- ponents. Keynesian economics shaped the categories of sta- tistics gathered …
Living Wage Foundation · 16 February 2024 English
The incidence of employee jobs paid below the Living Wage and trends over time SCALE OF LOW PAY IN THE UK IN 2023 12.9 per cent of all employee jobs …
Why They Get Paid Less?’ Journal of Post Keynesian Economics 27 (3) pp37-66 & ReWage (2023) What next …