The author reexamines the relationships among demographic aging, the dependency burden, and intergenerational conflict from a post-Keynesian perspective, in which unemployment and excess capacity are ...
In this paper, the author investigates the environment that saw the birth of the CJE at Cambridge (UK), in 1977, and the relationship that linked it to the direct pupils of Keynes. A critical question...
at Virginia Tech. All errors, misinterpretations and omissions are ours. All views expressed in this paper are those of the authors and do not reflect the views or policies of the Bureau of Labor Stat...
We derive necessary and sufficient conditions for simple monetary policy rules that guarantee equilibrium determinacy in the New Keynesian monetary model. Our modeling framework is derived from a full...
Although there were some clear antecedents, including most notably Svensson and van Wijnbergen (1989), the publication of Obstfeld and Rogoff?s (1995a) ?Exchange Rate Dynamics Redux ? marked the begin...