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WP0505
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp05-05.pdf19 Oct 2023: economics. Its roots can be traced in Lydia of Asia Minor where the first money was in evidence. ... Asymmetric Information This drawback originates from the new-Keynesian notions of asymmetric information (see, for example, Stiglitz and Weiss, 1981), -
On Accounting Identities and Aggregate Production Functions: A…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-09.pdf19 Oct 2023: production functions using value (monetary) data. There are qualifications, such. as the difference between the ex post rate of profit used in the identity and the. -
1 Current and Future Regulatory Role of the ECB ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp0414.pdf19 Oct 2023: It draws heavily on the so-called new Keynesian economics (see Meyer, 2001, and the Bank of England, 2005). ... The authors of this study utilise a ‘meta-analysis’, widely used in medical sciences but not so frequently in economics. -
1 STRUCTURAL CHANGE AND CUMULATIVE CAUSATION: A KALDORIAN APPROACH ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/ccepp-wp-01-20.pdf19 Oct 2023: approaches, such as Post-Keynesian and neo-Schumpeterian growth models, fully. incorporate the existence of different sectors with different characteristics implies that. ... encourage sectoral transformation in both in the Kaldorian and Post-Keynesian -
C-EENRG Working Papers, 2015-2. Mercure et al.
https://www.landecon.cam.ac.uk/sites/default/files/2023-05/wp02.pdf19 Oct 2023: This isnot a new theoretical approach. In point of fact, it is at the roots of both Schumpeterian(Schumpeter, 1934, 1939) and Keynesian (Keynes, 1936) forms of demand-led economics. ... Apost-Schumpeterian or post-Keynesian perspective also allows for -
McCombie & Spreafico wp.
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp1603.pdf19 Oct 2023: the underworld of economics. The motives of those who studied it were impugned. ... amnesia by the majority of the economics profession. (The exceptions include the post Keynesian. -
WP 419 Paper
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp419.pdf9 Jul 2023: and. Ajit Singh Emeritus Professor of Economics, University of Cambridge. Life Fellow Queens College Cambridge Tun Ismail Ali Chair, University of Malaya. ... Thus, in this model there is a weak response from supply constraints via interest rates and -
On Crises in Macroeconomic Theory and Policy
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/representativeagentwp0814.pdf19 Oct 2023: between the New Classical and Post Keynesian economics above. As Kuhn (1970) pointed out, the paradigm will always be used in its own defence. ... Harcourt, G.C. (2008): The Structure of Post Keynesian Economics, The Core Contributions of the Pioneers, -
1 RUDIMENTARY INFLATION CONFLICT MODELS: A NOTE Bill Martin ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp535.pdf9 Jul 2023: Lavoie, M. (2022), Post-Keynesian Economics, 2nd edition, Cheltenham: Edward. Elgar Publishing. ... And should we?)’, Review of Keynesian Economics, Vol. 10, No. 1, 25–45. -
WP0105
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-05.pdf19 Oct 2023: Most important is the recognition that New Keynesian economics is trapped in an equilibrium framework that cannot. ... Post Keynesian Economics 20, No. 1, 47-76. Solow, Robert, 2000, 'Towards a Macroeconomics of the Medium Run”, Journal of Economic. -
GLI EFFETTI PERVERSI DELLA MODERAZIONE SALARIALE E LA PROPOSTA DI…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/ccepp_wp_02-22_davanzati.pdf19 Oct 2023: Journal of Post Keynesian Economics, 34(3), Spring: 431-51. Forges Davanzati, G. ... 2016). “Credit supply, credit demand and unemployment in. the mode of Augusto Grazian,” Review of Keynesian Economics, September,. -
The Tyranny of the Accounting Identity Works Full Time: A Rejoinder…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-12.pdf19 Oct 2023: 1. THE TYRANNY OF THE ACCOUNTING IDENTITY WORKS FULL TIME:. A REJOINDER TO TEMPLE. Jesus Felipe and John McCombie. Abstract In a reply to Felipe and McCombie (2010a), Temple (2010) has largely ignored the main arguments that underlie the accounting -
On the Origins of the Current Financial Crisis
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp08-09.pdf19 Oct 2023: These post hoc theoretical revisions were thought sufficient to defend the original thesis of a disappointing empirical record. ... recession in the post World War II era. -
Queens' Library New eBooks
https://www.queens.cam.ac.uk/files/downloads/new_ebooks_22_09-12.html3 Oct 2023: The International Dimension of the Israel-Palestinian Conflict : A Post-Eurocentric Approach. -
On the effectiveness of monetary policy and of fiscal policy
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp06-09.pdf19 Oct 2023: Keynesian results, are given more prominence in a way that weakens fiscal policy. ... traditional Keynesian literature.10 This large difference in fiscal multipliers is explained by. -
CCEPPWP0705
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp07-05.pdf19 Oct 2023: Journal of Post Keynesian Economics 25(4), 613-640. Arestis, P., M.C. Baddeley, and M. -
Modern Money Theory: a Critical Assessment and a Proposal ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/cceppwp0219.pdf19 Oct 2023: Post Keynesian scholars paid attention to theseissues, working within a theoretical framework where increasing public spending has positive ef-fects on the path of labour productivity. ... Post Keynesian scholars support the view that the so-called -
1 Increasing returns to scale at the firm-level: a ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-08.pdf19 Oct 2023: regions. Fingleton (2000; 2001; 2003) extended the Verdoorn. literature to incorporate new elements from, for instance, urban economics, using spatial. -
PDF - Exploring critical realism as the theoretical foundation of…
https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp1003.pdf9 Jul 2023: Susan Scott Information Systems & Innovation Group, Department of Management, London School of Economics,. ... 2003). In 1996, the Nobel laureate in Economics, Milton Freedman, claimed that “economics has. -
Romero_McCombie_2015b
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/multisectoralthirwallslawwp0415.pdf19 Oct 2023: 3. 1. Introduction. From a Keynesian perspective, economic growth is led by the growth of demand. -
THE MONETARY POLICY OF THE BANK OF ENGLAND
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-06.pdf19 Oct 2023: to be a precondition for high growth and employment. In the post-1997 system the. ... recorded in the post-second-world-war era. Yet another telling example is the. -
MARX MEETS KALDOR:
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/ccepp-wp02-18.pdf19 Oct 2023: distribution and production, “European Journal of Economics and Economic Policies:. Intervention”, 2015, vol. ... Dutt, A.K. (2010), Keynesian growth theory in the 21th century, in P. -
MODELLING THE HOUSING MARKET IN OECD COUNTRIES
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-13.pdf19 Oct 2023: 7See Feroli et al. (2012) for a description of the transmission mechanism of monetary policy in the New Keynesian models. -
Innovation, export performance and trade elasticities across…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/cceppwp0419.pdf19 Oct 2023: Innovation, export performance and trade elasticities. across different sectors and countries. Ana C. Bottega. Centre for Regional Development and Planning (Cedeplar-UMFG). João P. Romero. Centre for Regional Development and Planning (Cedeplar-UMFG) -
Financial Liberalization and Long Term Economic Development
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp245.pdf9 Jul 2023: The post-Keynesian economists (see for example Davidson, 2001), take a more radical stance. ... The Keynesian and the post-Keynesian emphasis is on inherent uncertainty about the future, on speculation and the macro-economic co-ordination failures at -
1 SOC 9: Global Capitalism 2023–2024 Course overview…
https://www.sociology.cam.ac.uk/files/soc_9_paper_guide_2023-24.pdf10 Jan 2024: Keen, S. 2013. “Predicting the ‘Global Financial Crisis’: Post-Keynesian Macroeconomics.” Economic Record 89(285): 228–254. ... Lavoie, M. 2016. “Understanding the global financial crisis: contributions of post-Keynesian economics.” Studies -
1 Risk-opportunity analysis for transformative policy design and…
https://www.landecon.cam.ac.uk/sites/default/files/2023-05/wp25.pdf19 Oct 2023: philosophical pedigree of welfare economics going back to 18th century, through which much. ... Basic welfare economics principles, as applied in finance ministries, are most useful when. -
REGULATION, POWER AND SCALE: 'REWORKING' CAPITAL-LABOUR…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp157.pdf9 Jul 2023: In doing so, this paper follows the ongoing cross-disciplinary convergence in work dealing with institutionalisation and governance between branches of economics, such as institutional, post-Keynesian and post-Marxian economics, ... Here, the events -
Regional Growth, Estimates of Agglomeration Economies and the…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp04-12.pdf19 Oct 2023: economics that is being widely used in spatial economics, namely, the aggregate production. ... have been largely ignored by the economics profession is related to the instrumental. -
THE MACRO-ECONOMIC IMPACT OF BREXIT: USING THE CBR MACRO-ECONOMIC ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp483.pdf9 Jul 2023: These were of course. 17. largely Eastern-European post-Soviet bloc countries with very low labour costs. ... This approach compares the pre-accession trends in economic behaviour with post-accession behaviour. -
University of Cambridge PhD Handbook 2023-24 2 Welcome from ...
https://www.latin-american.cam.ac.uk/files/phd_handbook_2023-24_final.pdf6 Nov 2023: He also works on inequality measurement, complexity economics, heterodox frameworks in economics (Marxist, post-Keynesian, Institutionalist, the Capabilities approach), class analysis, financialisation, state theory, Brazilian economic history, -
WP 434 WP Sue Konzelmann
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp434.pdf9 Jul 2023: As capitalism evolved, so did ideas and theories about the economics of austerity. ... Key dimensions of the post 2007/8 financial crisis debate about austerity economics are explored in Section six. -
WP373_Zumbansen
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp373.pdf9 Jul 2023: the scope of legal regulation of business in the context of Keynesian economics and Welfare statism, on the other. ... post-Keynesian economics and post-Welfare state governance, future attention has to be directed to both corporations and the state as -
THE CBR MACRO-ECONOMIC MODEL OF THE UK ECONOMY (UKMOD) ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp472.pdf9 Jul 2023: Wage and price setting is post-Keynesian. Consumer prices are determined by a mark-up on wage and import costs offset by labour productivity. ... The model is based on the post-Keynesian approach of Wynne Godley described in Monetary Economics by Godley -
21 October 2006
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp03-09.pdf19 Oct 2023: On the Motion of the Planets and Temple’s “Aggregate Production Functions and Growth Economics”. ... of Economics symposium in 1966 and most comprehensively by Garegnani (1970).13 For the. -
CO-OPERATION IN PRODUCTION, THE ORGANIZATION OF INDUSTRY AND…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp481.pdf9 Jul 2023: The introductory paragraph of Book 1, Chapter IV of the Eighth Edition of his Principles of Economics reads:. ... In it, the local production system is conceptualised as a ‘unit of investigation’ of industrial economics. -
Technical Progress Function WP 02-15
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/technicalprogressfunctionwp0215.pdf19 Oct 2023: seminal 1972 paper, “The Irrelevance of Equilibrium Economics”. In this, Kaldor was heavily. -
APPENDIX
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-09.pdf19 Oct 2023: 6, pp. 133-155. McCombie, J.S.L. (2000-2001), “The Solow Residual, Technical Change and Aggregate Production Functions”, Journal of Post Keynesian Economics vol.23, pp. ... Second Thoughts on Solow’s ‘Second Thoughts on Growth Theory’ ”, -
1 WHY THE CONVENTIONAL TEST OF THIRLWALL’S LAW IS ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/ccepp_wp_01-22_mccombie.pdf19 Oct 2023: matter what numerical values are chosen. For example, the estimation of the Keynesian. -
Multi_reduc_080610
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp03-08.pdf19 Oct 2023: as evolutionary, institutional, post-Keynesian and Kaldorian economics. This across the board recrimination of economics seems to originate from the. ... way into post-Keynesian and Kaldorian research. The most important breakthrough was the. -
APPENDIX 5:
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/03/cbr-evaluation-report-to-esrc-output.pdf9 Jul 2023: explaining the results of post-Stalinist Reform in Europe and Asia’ in Brown, D. ... and Sawyer, M. (eds.) Capital Controversy, Post Keynesian Economics and the History of Economic Theory: Essays in Honour of Geoff Harcour, (London: Routledge). -
11-12 Trumpington Street, Cambridge CB2 1AG Centre for Business ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/03/cbr-annual-report-2016.pdf9 Jul 2023: out research (economics, innovation studies, geography, law, management, accounting, political science and sociology). ... Employment relations International Labour Review; Industrial Law Journal; British Journal of Industrial Relations; Indian Journal -
New Consensus Macroeconomics: A Critical Appraisal
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp05-09.pdf19 Oct 2023: Angeriz, A. and Arestis, P. (2009), “The Consensus View on Interest Rates and Fiscal Policy: Reality or Innocent Fraud?”, Journal of Post Keynesian Economics, Fortcoming. ... Arestis, P. and Sawyer, M. (2003), ‘Reinstating Fiscal Policy’, Journal -
CBR Annual Report 2012-2013 FINAL (2)_IH
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/03/cbr-annual-report-2013.pdf9 Jul 2023: out research (economics, innovation studies, geography, law, management, accounting, political science and sociology). ... and Corporate Change; Prometheus; Academy of Management Review; Sloan Management Review; California Management -
AR_I_AB 21Nov08 v4
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/03/cbr-annual-report-2008.pdf9 Jul 2023: The CBR is an interdisciplinary centre and draws upon researchers from the Faculties of Economics, Law, and Social and Political Sciences; the Departments of Geography and Land Economy; the Manufacturing Engineering ... It was also expected that, in -
– A Comparative Approach Med dansk sammenfatning The Private ...
https://www.landecon.cam.ac.uk/sites/default/files/2024-01/final-report_8_0.pdf31 Jan 2024: ENglaNd 110. Regulation prior to the 1980s 110. Post-1980: almost complete liberalisation 111. ... The project was sponsored by the Knowledge Centre for Housing Economics in Copen-hagen. -
Lucia Reisch - Publications (PDF)
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/04/reisch-lucia-publications.pdf9 Jul 2023: food policy. European Review of Agricultural Economics, 48(4), 665–693. doi:. 10.1093/erae/jbab024. ... Economics and Human Biology, 18 (July), 139-152. Impact Factor 1.901 (2015), ISI. -
Romero_McCombie_2016c_2
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp1602.pdf19 Oct 2023: 1. Thirlwall’s Law and the Specification of Export and Import Demand. Functions: An Investigation of the Impact of Relative Productivity. Growth on Trade Performance1. João P. Romero. Centro de Desenvolvimento e Planejamento Regional (CEDEPLAR), -
Income Inequality and Growth Paper WP 01-15
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/copy_of_incomeinequalityandgrowthpaperwp0115.pdf19 Oct 2023: largely neglected in mainstream economics. Thomas Kuhn (1970) has emphasized the role of. ... of utility. This was also reflected in the supposed normative/positive dichotomy in economics,. -
UKIRC Rebalancing the British economy:Layout 1
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/04/cbr-specialreport-rebalancingbritisheconomy.pdf9 Jul 2023: 2007. This rate of growth, close to the post-war norm,is materially below the 3% observed pace of annual expansion that gave credence to theidea of Britainʼs New Golden Age. ... In volume terms, export share increased between 1992and 1996 on the back of
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