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Relevant bibliographies by topics / Keynesian economics

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Academic literature on the topic 'Keynesian economics'

Author: Grafiati

Published: 4 June 2021

Last updated: 30 July 2024

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Journal articles on the topic "Keynesian economics"

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Guizzo, Danielle. "Why does the history of economic thought neglect Post-Keynesian economics?" Review of Keynesian Economics 8, no. 1 (January 22, 2020): 119–37. http://dx.doi.org/10.4337/roke.2020.01.09.

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Despite receiving increased interest after the global financial crisis of 2007–2008 and consolidating itself as an established research program, Post-Keynesian economics remains under-represented within publications on the history of economics. When compared to other traditional heterodox approaches such as Marxist, Institutionalist, and Austrian economics, Post-Keynesian economics falls behind considerably, contradicting the Post-Keynesian appreciation for the history of the discipline. This article explores some reasons behind this detachment by considering two main factors: first, the recent disciplinary and institutional changes experienced by the history of economics in the last ten years; and, second, the recent ‘maturing state’ of Post-Keynesian economics and its unique treatment of the history of economic thought. The article concludes by suggesting a new research agenda for Post-Keynesianism, making use of the ‘applied’ turn proposed by the recent history of economic thought as one of the strategies for Post-Keynesians to engage with the economics discipline.

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Trautwein, Hans-Michael. "Leijonhufvud on New Keynesian Economics and the economics of Keynes." Oxford Economic Papers 72, no. 4 (May 18, 2020): 923–45. http://dx.doi.org/10.1093/oep/gpaa013.

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Abstract The theme that Axel Leijonhufvud has extracted from the economics of Keynes is the potential for failures in the intertemporal coordination of activities in complex market systems. In his path-breaking book of 1968, he attacked standard Keynesian Economics for its view on frictions, which reduces the causes of macroeconomic pathologies to nominal rigidities. With the rise of DSGE-based New Keynesian Economics, Leijonhufvud has pointed out that ‘standard macroeconomics’ is still stuck in the frictions view. Referring to recent financial crises, he considers DSGE modelling to be hopelessly inadequate for dealing with such macroeconomic instability. Yet, the financial frictions literature in New Keynesian Economics claims to have found ways to incorporate financial crises into DSGE frameworks. The article describes continuity and change in Leijonhufvud’s critique of Old and New Keynesians, and assesses contrary claims to progress made in the DSGE world.

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Strunk, Birte, Stefan Ederer, and Armon Rezai. "The role of labor in a socio-ecological transition: combining post-Keynesian and ecological economics perspectives*." European Journal of Economics and Economic Policies Intervention 19, no. 1 (April 2022): 103–18. http://dx.doi.org/10.4337/ejeep.2022.01.08.

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This article investigates the role of labor in post-Keynesian economics and proposes an integration with ecological macroeconomics. Although post-Keynesians have to date not engaged extensively with environmental limits, there is an increasing interest in modeling policy proposals by ecological economists. While ecological and post-Keynesian economists share many ways of conceptualizing labor that are distinct from the mainstream, it is unclear how these feed into modeling, since post-Keynesians model labor as a residual and not as a policy variable per se. In fact, post-Keynesians have traditionally focused on targeting employment via targeting aggregate goods demand, rather than targeting it directly. This paper argues that by complementing this demand-side view with post-Keynesian perspectives on labor supply, one can arrive at a post-Keynesian labor theory that offers entry points for ecological theorizing.

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Tobin, James. "Price Flexibility and Output Stability: An Old Keynesian View." Journal of Economic Perspectives 7, no. 1 (February 1, 1993): 45–65. http://dx.doi.org/10.1257/jep.7.1.45.

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In this symposium I shall play the role in which I was cast, the unreconstructed old Keynesian. Considering the alternatives, I do not mind being billed as a Keynesian, an old Keynesian at that. But old Keynesians come in several varieties, and I speak for no one but myself. Nor do I defend the literal text of The General Theory. Several generations of economists have criticized, amended, and elaborated that seminal work. I shall argue for the validity of the major propositions that distinguish Keynesian macroeconomics from old or new classical macroeconomics.

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GREENWALD, B., and J. E. STIGLITZ. "KEYNESIAN, NEW KEYNESIAN AND NEW CLASSICAL ECONOMICS." Oxford Economic Papers 39, no. 1 (March 1987): 119–33. http://dx.doi.org/10.1093/oxfordjournals.oep.a041773.

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Costa da Silva, Guilherme Jonas. "MACROECONOMIA DO DESENVOLVIMENTO: UMA PERSPECTIVA KEYNESIANA, JOSÉ LUÍS DA COSTA OREIRO." Investigación Económica 83, no. 327 (December 14, 2023): 209–16. http://dx.doi.org/10.22201/fe.01851667p.2024.327.87386.

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In Brazil, Professor José Luís Oreiro is considered one of the most talented and productive Keynesian economists of his generation. Prof. Oreiro was hired by the Department of Economics at the Federal University of Paraná in 2003, when I came into touch with some of the theories organized in this book. This book written by Oreiro presents the debate around development macroeconomics from a Keynesian perspective, which is a new and particularly important topic for those who wish to understand a little more about macroeconomics, growth, and economic development. The main contribution of the book Macroeconomia do Desenvolvimento: Uma Perspectiva Keynesiana is to demonstrate that, for Keynesian theory, macroeconomic policies traditionally more related to business cycles, have effects on long run growth and development. Short run policies affect the long run, because aggregate demand is considered the engine of long-run growth (Keynes, 1982)...

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Goktug KAYA, Mustafa, Fatih PEKSEN, and Yigit YILDIZ. "IN SMUGGLE WITH CLIMATE CHANGE, EXTRA–BUDGETARY FUND APPLICATION AS AN INSTRUMENT OF GREEN KEYNESIAN ECONOMIC POLICY." Eurasian Research Journal 6, no. 1 (February 12, 2024): 51–63. http://dx.doi.org/10.53277/2519-2442-2024.1-03.

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Green Keynesian Economics, which is a postmodern reflection of Keynesian economic thought, suggests that negativities, which are possible for environmental problems causing climate change to lead to, should be solved by active role public sector will undertake. As known, carbon emissions, emitted to atmosphere in global scale, may cause climate change via greenhouse effect. This case leads country economies to face to a set of problems. Green Keynesian Economics suggests a mix of simultaneous sustainable policies as a solution for a set of problems under consideration. The aim of this study is to suggest a financial instrument taking place in the scope of Green Keynesian School for Türkiye targeting to achieve net zero carbon emission as of the year 2053.

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Posada Posada, Carlos Esteban. "Expectativas de inflación y tasa de interés: aspectos teóricos." Lecturas de Economía, no. 20 (March 10, 2011): 37–65. http://dx.doi.org/10.17533/udea.le.n20a7997.

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• Resumen: ¿Qué efectos tienen los cambios en las expectativas de inflación sobre las tasas de interés, nominales y reales? ¿Cómo se producen esos efectos? Existen dos grandes respuestas teóricas antagónicas a las preguntas anteriores: la clásica y la keynesiana. En este artículo se resumen dichas respuestas y se exponen sus alcances y limitaciones. A partir de este resumen se construye un modelo "cuasi-keynesiano", pero que arroja una conclusión que coincide con la respuesta clásica al respecto: las expectativas de inflación tienden a quedar incorporadas en la tasa nominal de interés sin modificar de manera permanente la tasa real de interés. En países o épocas con alteraciones significativas de las expectativas de inflación esta conclusión puede ser la correcta, no así la keynesiana. • Abstract: This question of just how expectations of inflation influence the real and the nominal rate of interest have been addressed from both a Keynesian and a classical perspective. This paper presents a critical summary of these arguments in the context of a quasi-keynesian model. Its finding is however is essentially classical – that inflationary expectations will be incorporated into the nominal rate of interest without having any permanent effect on the real rate.

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Dimand, Robert W. "The much-exaggerated death of Keynesian economics." Review of Keynesian Economics 8, no. 1 (January 22, 2020): 36–45. http://dx.doi.org/10.4337/roke.2020.01.04.

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The supposed death of Keynesian economics has long been debated. This paper revisits the four central Keynesian propositions identified by Tobin's 1977 paper, ‘How dead is Keynes?’, to argue, in the light of the global financial crisis and the Great Recession, that Keynesian economics remains alive and relevant as useful economics for understanding the economy in a world of fundamental uncertainty, with particular reference to chapter 19 of Keynes's General Theory concerning economic instability and wage and price flexibility.

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Harcourt, G. C., and Stephen Rousseas. "Post Keynesian Monetary Economics." Economic Journal 97, no. 387 (September 1987): 756. http://dx.doi.org/10.2307/2232940.

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Dissertations / Theses on the topic "Keynesian economics"

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Runde, Jochen. "Essays on Keynesian uncertainty." Thesis, University of Cambridge, 1992. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.239619.

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Henderson, Justina. "Post Keynesian economics : a Lakatosian explanation." Thesis, Queen Mary, University of London, 1992. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.296474.

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Seabright, Paul. "Bounded beliefs and Keynesian speculation." Thesis, University of Oxford, 1987. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.328011.

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Jackson, Aaron L. "Near-rational behavior in New Keynesian models /." view abstract or download file of text, 2002. http://wwwlib.umi.com/cr/uoregon/fullcit?p3061948.

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Thesis (Ph. D.)--University of Oregon, 2002.
Typescript. Includes vita and abstract. Includes bibliographical references (leaves 110-113). Also available for download via the World Wide Web; free to University of Oregon users.

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Stockhammer, Engelbert. "Is the NAIRU theory a Monetarist, New Keynesian, Post Keynesian or a Marxist theory?" Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, 2006. http://epub.wu.ac.at/1278/1/document.pdf.

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The NAIRU theory has become the mainstream theory in explaining unemployment in Europe and is often used to justify demands for a cutback of the welfare state, reducing unemployment benefits, reducing minimum wages, decentralizing collective bargaining etc. Close inspection reveals that it nonetheless shares some arguments with Post Keynesian and even Marxist theory. The paper proposes an underdetermined, encompassing NAIRU model, which is consistent with several theoretical tradtions. Depending on the closure with respect to demand formation and determination of the NAIRU itself, the model allows for New Keynesian, Post Keynesian and Marxist results. (author's abstract)
Series: Department of Economics Working Paper Series

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Stockhammer, Engelbert, and Paul Ramskogler. "Post Keynesian economics - how to move forward." Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, 2008. http://epub.wu.ac.at/772/1/document.pdf.

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Post Keynesian Economics (PKE) is at a cross road. The academic climate at universities has become more hostile to survival and the mainstream has become more diverse internally. Moreover, a heterodox camp of diverse groups of non-mainstream economists is forming. The debate on the future of PKE has so far focussed on the relation to the mainstream. This paper argues that this is not an important issue for the future of PKE. The debate has overlooked the dialectics between academic hegemony and economic (and social) stability. The important question is, whether PKE offers useful explanations of the ongoing socio-economic transformation. PKE has generated valuable insights but it offers little on important real world phenomena such as supply-side phenomena like the increasing use of ICT and the globalisation of production, social issues like precarisation and the polarization of income distribution or ecological challenges like climate change. It is these issues that will decide the future of PKE. (author´s abstract)
Series: Department of Economics Working Paper Series

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Jorge, Fernandes Mata Tiago. "Dissent in economics : making radical political economics and post Keynesian economics, 1960-1980." Thesis, London School of Economics and Political Science (University of London), 2006. http://etheses.lse.ac.uk/2691/.

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The history of dissent in economics has thus far been subject to scant interest. The existing scholarship, authored by dissenters probing their own past, has failed to address the crucial questions of how dissent emerged and rooted itself. This study is about two dissenting communities, Radical Political Economics and Post Keynesian Economics. I review the circumstances that led to their emergence in the late 1960s and early 1970s. I draw from the histories of religious and scientific dissent to explore the making of the dissenters' challenge to the economics orthodoxy. Notably, I use the concept of boundary work to analyse the debates between dissenters and mainstream. The history of Radical Political Economics begins with the founding in 1968 of the Union for Radical Political Economics. Onto this Union converged a generation of young radicalised academics that sought to unite their political interests and their scholarly pursuits. After a period devoted to the design of a "paradigm of conflict," radicals turned to outreach work with popular movements. The new commitment brought divisive political identities into their Union that barred any agreement on a programme to transform economics. Post Keynesian Economics emerged in the aftermath of debates on capital theory between Cambridge left Keynesians and neoclassical economists. With the conviction that the debates signalled the emergence of a new theory in economics, American dissenters decided to ally with the Cambridge critics. The content of the alliance was redefined many times in the 1970s by a succession of spokespersons for the group. Of this period resulted a weakly bound community joined by a sense of shared ancestry. The two case studies reveal the diverse resources and allies that dissenters mustered for their battle with the economics orthodoxy. They show how the dissenters' challenge shaped the boundaries of their communities and the content of their identity.

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Staines, David. "Stochastic equilibrium, the Phillips curve and Keynesian economics." Thesis, Cardiff University, 2019. http://orca.cf.ac.uk/118938/.

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I uncover serious problems with the benchmark New Keynesian Phillips curve linearized around its non-stochastic zero inflation steady state when the underlying model features a subset of prices that stay rigid over multiple periods, as in the popular Calvo model. I am able to demonstrate that the dynamics of approximations taken at the non-stochastic steady state are non-hyperbolic. This means that approximations taken at this point do not represent a valid description of the dynamics of the underlying model at any other point in the state space. This allows me to overturn results such as the 'Divine Coincidence' that equates welfare under price rigidity with the level prevailing under price dispersion. I introduce a dynamic stochastic concept of equilibrium that can be applied to New Keynesian models and offers a natural point to take approximations to analyze business cycle dynamics. It is methodologically interesting as it is a notion of general equilibrium that does not correspond to partial equilibrium. Keywords: Macroeconomics, Mathematical Economics, Random Dynamical Systems, General Equilibrium, Monetary Policy JEL Classification: C6, D5, E1, E3, E5 2010 Mathematics Subject Classification: 37Axx, 37Bxx, 37Cxx, 37Dxx, 37Gxx, 37Hxx.

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Souza, Leonardo Flauzino de 1985. "A crise financeira de 2008 = uma interpretação teórica heterodoxa." [s.n.], 2012. http://repositorio.unicamp.br/jspui/handle/REPOSIP/286126.

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Orientador: Antonio Carlos Macedo e Silva
Dissertação (mestrado) - Universidade Estadual de Campinas, Instituto de Economia
Made available in DSpace on 2018-08-20T05:46:58Z (GMT). No. of bitstreams: 1 Souza_LeonardoFlauzinode_M.pdf: 1156212 bytes, checksum: 680a27401a91a86efbf66d613a7ad412 (MD5) Previous issue date: 2012
Resumo: A crise econômica de 2008 pode ser analisada pelo arcabouço das teorias keynesianas, em especial a partir das interpretações em torno da teoria da preferência pela liquidez. Esta foi elaborada primeiramente na Teoria Geral de Keynes, mas alcançou interpretações muito diversas nas obras de Kaldor, Hicks, Davidson e Minsky. As idéias expostas por estes autores são capazes de fornecer algumas explicações sobre as escolhas de ativos, em especial os relacionados aos mercados financeiros, e analisar os impactos dinâmicos das decisões de financiamento e alocação do capital. Entretanto, algumas inovações financeiras, como a securitização e os derivativos, que tiveram uma participação fundamental na constituição da crise, não são, de forma geral, exploradas por estes autores. Desta forma, o presente trabalho se propõe a explorar a teoria e as interpretações supracitadas, a fim de construir uma analise teórica da crise de 2008, abarcando as contribuições das inovações financeiras mencionadas. O contexto histórico em torno da crise de 2008, analisado pelo viés teórico keynesiano, é capaz de explicar como esta tomou a forma de uma das mais severas crises da história do capitalismo contemporâneo. Ao se iniciar como uma crise de crédito convencional e aos poucos tomar a forma de uma crise de liquidez e solvência, destaca-se o papel crucial da securitização de créditos e dos derivativos financeiros neste processo, alterando as escolhas de portfólio, as decisões de financiamento e a dinâmica das interações entre os balanços das diversas instituições financeiras da economia norte-americana e mundial
Abstract: The 2008 economic crisis can be analyzed by the framework of post-Keynesian theories, especially the interpretations around the liquidity preference theory. This one was first presented in Keynes' General Theory, but it reached very different interpretations in the work of Kaldor, Hicks, Davidson and Minsky. The ideas put forward by these authors can provide some explanations about the asset choices, particularly those related to financial markets, and analyze the dynamic impact of finance decisions and capital allocation. However, some financial innovations, such as securitization and derivatives, which had a seminal role in the constitution of the crisis, are not generally exploited by these authors. Thus, this study aims to explore the theory and the interpretations above, in order to build a theoretical analysis of the 2008 economic crisis, covering the contributions of the financial innovations mentioned. The historical context surrounding the 2008 economic crisis, analyzed by the bias of Keynesian theory, is able to explain how that took the form of one of the most severe crises in the history of contemporary capitalism. When it start as a conventional credit crisis and gradually take the form of a crisis of liquidity and solvency, it highlight the crucial role of securitization of loans and financial derivatives in this process, changing the portfolio choices, funding decisions and the dynamics of interactions between the balance sheets of many financial institutions in the U.S. economy and the world
Mestrado
Ciências Economicas
Mestre em Ciências Econômicas

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Welz, Peter. "Quantitative New Keynesian Macroeconomics and Monetary Policy." Doctoral thesis, Uppsala : Department of Economics, Uppsala University, 2005. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-5978.

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Books on the topic "Keynesian economics"

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1947-, Rotheim Roy Jeffrey, ed. New Keynesian economics/post Keynesian alternatives. London: Routledge, 1998.

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Palley, Thomas I. Post Keynesian Economics. London: Palgrave Macmillan UK, 1996. http://dx.doi.org/10.1057/9780230374126.

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C, Sawyer Malcolm, ed. Post-Keynesian economics. Aldershot, Hants, England: E. Elgar, 1988.

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Arnon, Arie, Jimmy Weinblatt, and Warren Young, eds. Perspectives on Keynesian Economics. Berlin, Heidelberg: Springer Berlin Heidelberg, 2011. http://dx.doi.org/10.1007/978-3-642-14409-7.

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Arestis, Philip, and Malcolm Sawyer, eds. 21st Century Keynesian Economics. London: Palgrave Macmillan UK, 2010. http://dx.doi.org/10.1057/9780230285415.

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Rousseas, Stephen. Post Keynesian Monetary Economics. London: Palgrave Macmillan UK, 1986. http://dx.doi.org/10.1007/978-1-349-18229-9.

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Rousseas, Stephen. Post Keynesian Monetary Economics. London: Palgrave Macmillan UK, 1998. http://dx.doi.org/10.1007/978-1-349-26456-8.

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Alessandra, Chirco, and Colombo Caterina, eds. The new Keynesian economics. Oxford, UK: Blackwell, 1994.

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Publishing, Edward Elgar, ed. Teaching post Keynesian economics. Cheltenham: Edward Elgar, 2013.

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Jimmy, Weinblatt, Young Warren, and SpringerLink (Online service), eds. Perspectives on Keynesian Economics. Berlin, Heidelberg: Springer-Verlag Berlin Heidelberg, 2011.

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Book chapters on the topic "Keynesian economics"

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Stockhammer, Engelbert. "Post-Keynesian economics." In Rethinking Economics, 6–18. Abingdon, Oxon ; New York, NY : Routledge is an imprint of the Taylor & Francis Group, an Informa Business, [2017]: Routledge, 2017. http://dx.doi.org/10.4324/9781315407265-2.

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Harcourt, G. C. "Post-Keynesian Economics." In The New Palgrave Dictionary of Economics, 1–7. London: Palgrave Macmillan UK, 1987. http://dx.doi.org/10.1057/978-1-349-95121-5_1634-1.

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King, J. E. "Post Keynesian Economics." In The New Palgrave Dictionary of Economics, 1–12. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/978-1-349-95121-5_1634-2.

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King, J. E. "Post Keynesian Economics." In The New Palgrave Dictionary of Economics, 10520–32. London: Palgrave Macmillan UK, 2018. http://dx.doi.org/10.1057/978-1-349-95189-5_1634.

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Rancan, Antonella. "Becoming Keynesian." In Franco Modigliani and Keynesian Economics, 139–69. Abingdon, Oxon ; New York, NY : Routledge, 2020. | Series: Perspectives in social and economic history: Routledge, 2020. http://dx.doi.org/10.4324/9781003047032-8.

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Tarshis, L. "Keynesian Revolution." In The New Palgrave Dictionary of Economics, 1–5. London: Palgrave Macmillan UK, 1987. http://dx.doi.org/10.1057/978-1-349-95121-5_1254-1.

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Laidler, David. "Keynesian Revolution." In The New Palgrave Dictionary of Economics, 1–7. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/978-1-349-95121-5_1254-2.

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Laidler, David. "Keynesian Revolution." In The New Palgrave Dictionary of Economics, 7297–304. London: Palgrave Macmillan UK, 2018. http://dx.doi.org/10.1057/978-1-349-95189-5_1254.

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Palley, Thomas I. "Introduction." In Post Keynesian Economics, 1–7. London: Palgrave Macmillan UK, 1996. http://dx.doi.org/10.1057/9780230374126_1.

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Palley, Thomas I. "The Phillips Curve and Demand-Pull Inflation." In Post Keynesian Economics, 166–81. London: Palgrave Macmillan UK, 1996. http://dx.doi.org/10.1057/9780230374126_10.

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Conference papers on the topic "Keynesian economics"

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Hiç, Özlen. "Keynesian System, Keynesian Policies and an Evaluation of What Keynes Might Have Advised Today." In International Conference on Eurasian Economies. Eurasian Economists Association, 2015. http://dx.doi.org/10.36880/c06.01178.

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We have surveyed in this article the development of the Keynesian macroeconomic system since 1936 up to the present. Our approach was, however, analytical rather than historical and descriptive. Keynesian System, hence Neo-Keynesians and modern Keynesian schools, such as New Keynesian Economics and Post-Keynesian Economics visualize that, if left by itself, the economy will give unemployment due to insufficiency of aggregate demand. In the article, the Keynesian policies are analysed with respect to their efficiency. Keynesian System was developed and modified in the face of criticisms by its opponents. We emphasize in our article that the Keynesian System was mainstream most of the time both in academic circles and in implementation. Presently again, basically Keynesian System has the upper hand, mostly New Keynesian Economics and also to some extent, Post-Keynesian Economics.The last section of the article covers an evaluation of what Keynes might have said for today’s economic problems.

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Máslo, Lukáš Augustin. "POST-KEYNESIAN CONTROVERSY ABOUT UNCERTAINTY: METHODOLOGICAL PERSPECTIVE, PART II." In 12th Economics & Finance Conference, Dubrovnik. International Institute of Social and Economic Sciences, 2019. http://dx.doi.org/10.20472/efc.2019.012.016.

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Elzayn, Hadi, and Zachary Schutzman. "Price of Privacy in the Keynesian Beauty Contest." In EC '19: ACM Conference on Economics and Computation. New York, NY, USA: ACM, 2019. http://dx.doi.org/10.1145/3328526.3329607.

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Hiç Birol, Assist Prof Dr Özlen, and Assoc Prof Dr Ayşen Hiç Gencer. "THE KEYNESIAN SYSTEM: FISCAL AND MONETARY POLICY GUIDELINES." In 4th Annual International Conference on Qualitative and Quantitative Economics Research (QQE 2014). Global Science & Technology Forum (GSTF), 2014. http://dx.doi.org/10.5176/2251-2012_qqe14.12.

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Tekgül, Yelda, and Mehmet Fatih Cin. "The Rise and Fall of the Washington/Post Washington Consensus as a Neoclassical Paradigm and Alternative Recommendations of Post Keynesians Economics." In International Conference on Eurasian Economies. Eurasian Economists Association, 2014. http://dx.doi.org/10.36880/c05.01107.

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The Washington Consensus was accepted as common wisdom on policies for development and growth. The set of policies of the Washington Consensus was applied to structural crisis in Latin America and developing economies. Williamson identified 10 policy instruments whose proper deployment Washington could muster a reasonable degree of consensus. Williamson summarizes the content of the Washington Consensus as macroeconomic prudence, outward orientation, domestic liberalization, and free market policies consistent with neoclassical mainstream economic theory. The policy set was modified to the point that Williamson substituted the original name with a new label “Post Washington Consensus. The “Post Washington Consensus” designated a “new set of policy reforms” for Latin America and Developing Countries. The aim of this paper is to compare the two sets of controversial policies, the “Washington Consensus” and “Post Washington Consensus” and offer an alternative based on the Post Keynesian framework. The goal of Post Keynesian framework is the promotion of sensible prudent economic and social development that is equitable, stable and sustainable. The main purpose of the Post Keynesian policy framework proposed in this paper is to go beyond the Post Washington Consensus by emphasizing the importance of a possible new direction for economic policy for developing countries.

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Mehmetaj, Nevila. "Twin Deficits: Apparition or Reality for Albania." In 6th International Scientific Conference – EMAN 2022 – Economics and Management: How to Cope With Disrupted Times. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2022. http://dx.doi.org/10.31410/eman.2022.17.

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This study examines the validity of the Keynesian Twin Deficits hypotheses (TDH) for Albania, using time series data of the span period from 2008 to 2021. The twin deficit hypothesis implies a long-run positive correlation running from the budget deficit to the current account deficit. For this, the Stationarity test, the Johansen co-integration test, the Granger causality, and VEC model techniques are used to examine the long-run and short-run relationship between budget balance, current account deficit, and real growth rate. The empirical findings suggest that the Keynesian twin deficits hypothesis is not valid in the context of the Albanian economy, the budget deficit has a negative relationship to the current account deficit. The policy implication of the results is that prudent management of the fiscal budget of the government may not prove to be a suitable policy instrument for the evaluation of the current account balance improvement.

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Szabó, Jakub, and Peter Jančovič. "Inflation Dynamics & Real Economic Activity: Examination of the Cost-Based Hybrid New Keynesian Phillips Curve for the Czech Republic." In EDAMBA 2021 : 24th International Scientific Conference for Doctoral Students and Post-Doctoral Scholars. University of Economics in Bratislava, 2022. http://dx.doi.org/10.53465/edamba.2021.9788022549301.465-475.

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The New Keynesian Phillips Curve (NKPC) became a staple in the New Keynesian economics, assuming an existence of a short-term trade-off between inflation and real economic activity, either in a form of labor unit costs or output gap. Extending the cost-based NKPC with hybrid, backward-looking price setting to the Czech Republic, we aim to examine the impact of unit labor costs, inflation expectations, import prices and real effective exchange rate on the development of inflation between 2000M1 and 2020M12. Dealing with nonstationary and cointegrated time series, we compare results employing an Error Correction Model (ECM) and an Autoregressive Distributed Lag (ARDL) model with the variables integrated in order I(1). Our data result suggest that the labor unit costs, and the inflation expectations might have an impact on the evolution of inflation based on the ECM and ARDL in differences for the Czech Republic between 2000M1 and 2020M12, although the results are too uncertain to be unambiguous.

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Li, Mingyang, Liwei Li, and Zhenyang Yu. "A Solution to the U.S. Economic Recession under the COVID 19 Pandemic Based on Keynesian Theory and Austrian Economics." In Proceedings of the International Conference on Information Economy, Data Modeling and Cloud Computing, ICIDC 2022, 17-19 June 2022, Qingdao, China. EAI, 2022. http://dx.doi.org/10.4108/eai.17-6-2022.2322806.

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Yang, Liu, and Li Li. "The Optimal Monetary Policy Theory and the Simulation Analysis in China: Based on the New Keynesian Economics." In 2009 International Workshop on Intelligent Systems and Applications. IEEE, 2009. http://dx.doi.org/10.1109/iwisa.2009.5073195.

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Mphuthi, Mochina, and Mathew Kimanzi. "PRE-SERVICE TEACHERS’ EXPERIENCES OF LEARNING ECONOMICS EDUCATION: THE CASE OF THE MULTIPLIER EFFECT, SIMPLE KEYNESIAN MODEL." In 15th International Conference on Education and New Learning Technologies. IATED, 2023. http://dx.doi.org/10.21125/edulearn.2023.0777.

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Reports on the topic "Keynesian economics"

1

Greenwald, Bruce, and Joseph Stiglitz. Keynesian, New Keynesian, and New Classical Economics. Cambridge, MA: National Bureau of Economic Research, February 1987. http://dx.doi.org/10.3386/w2160.

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Mankiw, N. Gregory. The Reincarnation of Keynesian Economics. Cambridge, MA: National Bureau of Economic Research, October 1991. http://dx.doi.org/10.3386/w3885.

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Farmer, Roger E. A., and Giovanni Nicolò. Keynesian Economics without the Phillips Curve. Cambridge, MA: National Bureau of Economic Research, September 2017. http://dx.doi.org/10.3386/w23837.

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Benigno, Pierpaolo. New-Keynesian Economics: An AS-AD View. Cambridge, MA: National Bureau of Economic Research, March 2009. http://dx.doi.org/10.3386/w14824.

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Stiglitz, Joseph. Methodological Issues and the New Keynesian Economics. Cambridge, MA: National Bureau of Economic Research, January 1991. http://dx.doi.org/10.3386/w3580.

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Galí, Jordi. The State of New Keynesian Economics: A Partial Assessment. Cambridge, MA: National Bureau of Economic Research, July 2018. http://dx.doi.org/10.3386/w24845.

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Farmer, Roger, and Giovanni Nicolò. Some International Evidence for Keynesian Economics without the Phillips Curve. Cambridge, MA: National Bureau of Economic Research, April 2019. http://dx.doi.org/10.3386/w25743.

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Fair, Ray. The Cowles Commission Approach, Real Business Cycle Theories, and New Keynesian Economics. Cambridge, MA: National Bureau of Economic Research, February 1992. http://dx.doi.org/10.3386/w3990.

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Buiter, Willem. The Elusive Welfare Economics of Price Stability as a Monetary Policy Objective: Should New Keynesian Central Bankers Pursue Price Stability? Cambridge, MA: National Bureau of Economic Research, October 2004. http://dx.doi.org/10.3386/w10848.

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Darby, Michael, and James Lothian. Economic Events and Keynesian Ideas: The 1930s and the 1970s. Cambridge, MA: National Bureau of Economic Research, July 1986. http://dx.doi.org/10.3386/w1987.

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