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An evaluation of neo-Kaleckian supermultiplier and neo-Goodwinian models: Pseudo-goodwin cycles, external markets and pro-cyclical labour productivity
Fiebiger, Brett - 2022
This paper provides a theoretical and empirical evaluation of neo-Kaleckian supermultiplier and neo-Goodwinian models. The benchmark structuralist and Harrodian neo-Goodwinian models posit a macro economy with only one asset: the capital stock. Demand leakages presuppose that at least one sector...
Persistent link: https://www.econbiz.de/10014278477
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The Post-Keynesian "crowding-in" policy meme : government-led semi-autonomous demand growth
Fiebiger, Brett - 2021
A recent literature has explored the role of semi-autonomous demand growth. This paper builds on the literature by incorporating a Lernerian government semi-autonomous demand function and an endogenous supply-side. Our main purpose is threefold. First, we wish to contribute to the case for...
Persistent link: https://www.econbiz.de/10012660339
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Distribution-Led Growth Through Methodological Lenses
Nikiforos, Michalis - 2017
This paper presents a methodological discussion of two recent “endogeneity” critiques of the Kaleckian model and the concept of distribution-led growth. From a neo-Keynesian perspective, and following Kaldor (1955) and Robinson (1956), the model is criticized because it treats distribution...
Persistent link: https://www.econbiz.de/10012966834
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Chapter 23. Families in Macroeconomics
Doepke, M.; Tertilt, M. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1789-1891). 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision making in families) is...
Persistent link: https://www.econbiz.de/10014024274
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Externalities in a Model of Perpetual Youth with Age-Dependent Productivity
Wendner, Ronald - 2008
This paper investigates the effects of ("keeping up with the Joneses" and "learning-by-investing") externalities, when … determined by the rate at which labor productivity declines. Both externalities generate distortions - even with exogenous labor … case, externalities display the same effects in both a representative agent and the overlapping generations model …
Persistent link: https://www.econbiz.de/10014213304
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Economy works differently Episode 3 : The end of the two Cambridge controversy, Economic Capital is the micro-foundation of economics , Aggregation of Economic Capital
Vanoverberghe, Didier - 2022
The two Cambridge controversy have marked a milestone in economic thinking. By their demonstration neo-Ricardian and post-Keynesian seemed to have proven the impossibility of defining the notion of Capital and, moreover, of being able to aggregate heterogeneous Capital. It is not so.By reasoning...
Persistent link: https://www.econbiz.de/10013295977
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The Economics of Jubilation - Blinking Adam’s Fallacy Away
Gorga, Carmine - 2009
A system of thought allowed for the free market price of land to cyclically go down to zero. This is the economics of Moses. The economics of Jesus is a restatement of the economics of Moses. The first was applied during Biblical times and the latter, united with Aristotle’s thought and...
Persistent link: https://www.econbiz.de/10014202651
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The post-Keynesian "crowding-in" policy meme: Government-led semi-autonomous demand growth
Fiebiger, Brett - 2021
A recent literature has explored the role of semi-autonomous demand growth. This paper builds on the literature by incorporating a Lernerian government semi-autonomous demand function and an endogenous supply-side. Our main purpose is threefold. First, we wish to contribute to the case for...
Persistent link: https://www.econbiz.de/10012668967
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Families in macroeconomics
Doepke, Matthias; Tertilt, Michele - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10011454407
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Families in Macroeconomics
Doepke, Matthias - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10012996540