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Price Flexibility and Output Stability: An Old Keynesian View

Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. [経済]ニューケインジアンの5つのテーゼ
    by himaginary in himaginaryの日記 on 2013-12-26 06:00:00
  2. A note on “awesomely destructive” fiscal policies
    by ssumner in The Money Illusion on 2013-12-15 02:03:28

Citations

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Cited by:

  1. Pu Chen & Willi Semmler, 2018. "Short and Long Effects of Productivity on Unemployment," Open Economies Review, Springer, vol. 29(4), pages 853-878, September.
  2. Hiroki Murakami, 2019. "A note on the “unique” business cycle in the Keynesian theory," Metroeconomica, Wiley Blackwell, vol. 70(3), pages 384-404, July.
  3. Kromphardt, Jürgen, 1999. "Ansatzpunkte der Beschäftigungspolitik aus keynesianischer Sicht," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 32(4), pages 499-513.
  4. Jean-Luc Gaffard, 2013. "La macroéconomie à l'épreuve des faits," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(5), pages 57-103.
  5. Hansjorg Klausinger, 2002. "A Note on the Stability of Full Employment," Review of Political Economy, Taylor & Francis Journals, vol. 14(2), pages 211-225.
  6. Martin Zagler, 2004. "A New Look at Old Issues: Keynesian Unemployment Revisited," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(2), pages 209-224.
  7. Furth Salim, 2020. "Does Census Hiring Stimulate Jobs Growth?," IZA Journal of Labor Policy, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 10(1), pages 1-21, March.
  8. Lino Sau, 2006. "Non- Stabilizing Flexibility: from the Contributions by Keynes and Kalecki towards a Post-Keynesian Approach," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2006(88), pages 79-92.
  9. Mario Amendola & Jean‐Luc Gaffard & Francesco Saraceno, 2004. "Wage Flexibility and Unemployment: The Keynesian Perspective Revisited," Scottish Journal of Political Economy, Scottish Economic Society, vol. 51(5), pages 654-674, November.
  10. Oliver Landmann, 2009. "EMU@10: Coping with Rotating Slumps," Discussion Paper Series 9, Department of International Economic Policy, University of Freiburg, revised Jul 2009.
  11. Mehmet BÖLÜKBAÞ, 2016. "The Effects of Economic Policies in Turkey: An Application for the Period After 2000," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(4), pages 315-322, December.
  12. Subrata Guha, 2011. "The necessary condition for stability in Tobin's Walras-Keynes-Phillips model: A note," Economics Bulletin, AccessEcon, vol. 31(1), pages 66-74.
  13. Domeij, David & Ellingsen, Tore, 2015. "Rational Bubbles and Economic Crises: A Quantitative Analysis," SSE Working Paper Series in Economics 2015:1, Stockholm School of Economics.
  14. Charles W. Calomiris & Christopher Hanes, 1994. "Historical Macroeconomics and American Macroeconomic History," NBER Working Papers 4935, National Bureau of Economic Research, Inc.
  15. repec:hal:spmain:info:hdl:2441/6763 is not listed on IDEAS
  16. Hansjoerg Klausinger, 1999. "The Stability of Full Employment. A Reconstruction of Chapter 19-Keynesianism," Department of Economics Working Papers wuwp063, Vienna University of Economics and Business, Department of Economics.
  17. Francesco Saraceno, 2004. "Wage Regimes, Accumulation and Finance Constraints : Keynesian Unemployment Revisited," SciencePo Working papers Main hal-01065470, HAL.
  18. Pascal Michaillat & Emmanuel Saez, 2022. "An economical business-cycle model [Breaking through the zero lower bound]," Oxford Economic Papers, Oxford University Press, vol. 74(2), pages 382-411.
  19. Robert W. Dimand, 2014. "James Tobin and Modern Monetary Theory," Center for the History of Political Economy Working Paper Series 2014-5, Center for the History of Political Economy.
  20. Nadine Leiner-Killinger & Víctor López Pérez & Roger Stiegert & Giovanni Vitale, 2007. "Structural reforms in EMU and the role of monetary policy – a survey of the literature," Occasional Paper Series 66, European Central Bank.
  21. Evan F. Koenig, 1993. "Rethinking the IS in IS-LM: adapting Keynesian tools to non-Keynesian economies Part 2," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Dec, pages 17-35.
  22. Ogawa, Shogo, 2019. "Effective Demand and Quantity Constrained Growth: A Simple Two-Sector Disequilibrium Approach," MPRA Paper 93336, University Library of Munich, Germany.
  23. repec:hal:wpspec:info:hdl:2441/6763 is not listed on IDEAS
  24. Hiroshi Yoshikawa, 2015. "Stochastic macro-equilibrium: a microfoundation for the Keynesian economics," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 10(1), pages 31-55, April.
  25. Lino Sau, 2015. "Debt deflation worries: a restatement," Review of Keynesian Economics, Edward Elgar Publishing, vol. 3(3), pages 279-294, July.
  26. repec:spo:wpmain:info:hdl:2441/6763 is not listed on IDEAS
  27. repec:hal:spmain:info:hdl:2441/f6h8764enu2lskk9p4sqhi4gm is not listed on IDEAS
  28. Carlos Borondo, 1994. "La rigidez nominal de los precios de la Nueva Economía Keynesiana: una panorámica," Investigaciones Economicas, Fundación SEPI, vol. 18(2), pages 245-288, May.
  29. Anna M.Variato, 2003. "The Keynesian Root of the Tobin tax," Working Papers (-2012) 0305, University of Bergamo, Department of Economics.
  30. Lino Sau, 2005. "La deflazione da debiti di Irving Fisher nell'era della globalizzazione," Rivista italiana degli economisti, Società editrice il Mulino, issue 3, pages 443-458.
  31. Francesco Saraceno, 2003. "Wage Regimes, Accumulation and Finance Constraints: Keynesian Unemployment Revisited," Macroeconomics 0311007, University Library of Munich, Germany.
  32. repec:hal:wpspec:info:hdl:2441/6762 is not listed on IDEAS
  33. Martner Fanta, Ricardo, 2000. "Automatic fiscal stabilizers," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
  34. repec:spo:wpecon:info:hdl:2441/6763 is not listed on IDEAS
  35. Pu Chen, Armon Rezai, Willi Semmler, 2007. "WP 2007-8 Productivity and Unemployment in the Short and Long Run," SCEPA working paper series. 2007-8, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
  36. Michael Assous, 2013. "Irving Fisher's debt deflation analysis: From the Purchasing Power of Money (1911) to the Debt-deflation Theory of the Great Depression (1933)," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(2), pages 305-322, April.
  37. Philip Arestis & Malcolm Sawyer, 2005. "Reinventing Fiscal Policy," Palgrave Macmillan Books, in: Blandine Laperche & Dimitri Uzunidis (ed.), John Kenneth Galbraith and the Future of Economics, chapter 9, pages 105-125, Palgrave Macmillan.
  38. Ichiro Takahashi, 2021. "An Artificial Wicksell—Keynes Macroeconomy," Springer Books, Springer, number 978-981-16-6839-5, January.
  39. Flaschel, Peter & Sethi, Rajiv, 1996. "Classical dynamics in a general model of the Keynes-Wicksell type," Structural Change and Economic Dynamics, Elsevier, vol. 7(4), pages 401-428, December.
  40. Murakami, Hiroki & Asada, Toichiro, 2018. "Inflation-deflation expectations and economic stability in a Kaleckian system," Journal of Economic Dynamics and Control, Elsevier, vol. 92(C), pages 183-201.
  41. repec:spo:wpecon:info:hdl:2441/f6h8764enu2lskk9p4sqhi4gm is not listed on IDEAS
  42. Peter Spahn, 2007. "Real Interest Rates, Intertemporal Prices and Macroeconomic Stabilization A Journey Through the History of Economic Thought," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 292/2007, Department of Economics, University of Hohenheim, Germany.
  43. Steven M. Fazzari, "undated". "The Investment-Finance Link, Investment and U.S. Fiscal Policy in the 1990s," Economics Public Policy Brief Archive 9, Levy Economics Institute.
  44. James C. W. Ahiakpor, 2004. "On the Future of Keynesian Economics," American Journal of Economics and Sociology, Wiley Blackwell, vol. 63(3), pages 583-608, July.
  45. Croitoru, Lucian, 2011. "Three Unemployment Rates Relevant To Monetary Policy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 213-238, September.
  46. Carl Chiarella & Peter Flaschel, 1999. "Disequilibrium Growth Theory: Foundations, Synthesis, Perspectives," Working Paper Series 85, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
  47. Lawson, Cornelia & Soós,Sándor, 2014. "A Thematic Mobility Measure for Econometric Analysis," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201402, University of Turin.
  48. Mittnik, Stefan & Semmler, Willi, 2012. "Regime dependence of the fiscal multiplier," Journal of Economic Behavior & Organization, Elsevier, vol. 83(3), pages 502-522.
  49. Zsuzsa Ortutay, 2002. "The Attempt to Revitalize Keynes' Theory," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 1(01), pages 33-40.
  50. Murakami, Hiroki, 2020. "Monetary policy in the unique growth cycle of post Keynesian systems," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 39-49.
  51. Kiander, Jaakko & Holm, Pasi & Tossavainen, Pekka, 1999. "Social Security Funds, Payroll Tax Adjustment and Real Exchange Rate: The Finnish Model," Discussion Papers 198, VATT Institute for Economic Research.
  52. Dutkowsky, Donald H., 1996. "Macroeconomic price stickiness: Evidence from the postwar United States," Journal of Economics and Business, Elsevier, vol. 48(5), pages 427-442, December.
  53. Murakami, Hiroki, 2014. "Keynesian systems with rigidity and flexibility of prices and inflation–deflation expectations," Structural Change and Economic Dynamics, Elsevier, vol. 30(C), pages 68-85.
  54. Shogo Ogawa, 2019. "Dynamic analysis of a disequilibrium macroeconomic model with dual labor markets," Metroeconomica, Wiley Blackwell, vol. 70(3), pages 525-550, July.
  55. Usama Haroon & Muhammad Hassan Chaudhary & Muhammad Aamir Shahzad & Muhammad Adnan Khan & Nimra Nisar, 2020. "Vegetable Prices Possess Seasonal Volatility: A Case Study of Lahore, Punjab, Pakistan," Journal of Economic Impact, Science Impact Publishers, vol. 2(2), pages 62-71.
  56. repec:spo:wpecon:info:hdl:2441/6762 is not listed on IDEAS
  57. Eizo Kawai, 2019. "Toward Rebuilding of Modern Macroeconomic Theory: Market Failure in a Macro Economy and Keynes's Unemployment Equilibrium," Working Papers e138, Tokyo Center for Economic Research.
  58. Shogo Ogawa, 2022. "Neoclassical stability and Keynesian instability: A two‐sector disequilibrium approach," Metroeconomica, Wiley Blackwell, vol. 73(2), pages 481-513, May.
  59. Steven M. Fazzari & Piero Ferri & Edward Greenberg, 1999. "Aggregate Demand and Micro Behavior: A New Perspective on Keynesian Macroeconomics," Macroeconomics 9902005, University Library of Munich, Germany.
  60. Murakami, Hiroki & Zimka, Rudolf, 2020. "On dynamics in a two-sector Keynesian model of business cycles," Chaos, Solitons & Fractals, Elsevier, vol. 130(C).
  61. Michau, Jean-Baptiste, 2018. "Secular stagnation: Theory and remedies," Journal of Economic Theory, Elsevier, vol. 176(C), pages 552-618.
  62. Hiroshi Iyetomi & Yasuhiro Nakayama & Hiroshi Yoshikawa & Hideaki Aoyama & Yoshi Fujiwara & Yuichi Ikeda & Wataru Souma, 2009. "What Causes Business Cycles? Analysis of the Japanese Industrial Production Data," Papers 0912.0857, arXiv.org, revised Nov 2010.
  63. Altman, Morris, 2006. "Involuntary unemployment, macroeconomic policy, and a behavioral model of the firm: Why high real wages need not cause high unemployment," Research in Economics, Elsevier, vol. 60(2), pages 97-111, June.
  64. Murakami, Hiroki, 2015. "Wage flexibility and economic stability in a non-Walrasian model of economic growth," Structural Change and Economic Dynamics, Elsevier, vol. 32(C), pages 25-41.
  65. John Keating, 2004. "Interpreting Permanent and Transitory Shocks to Output When Aggregate Demand May Not Be Neutral in the Long-run," Econometric Society 2004 North American Summer Meetings 608, Econometric Society.
  66. Martner Fanta, Ricardo, 2001. "Managing in the public sector for investment and growth," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
  67. Iyetomi, Hiroshi & Nakayama, Yasuhiro & Yoshikawa, Hiroshi & Aoyama, Hideaki & Fujiwara, Yoshi & Ikeda, Yuichi & Souma, Wataru, 2011. "What causes business cycles? Analysis of the Japanese industrial production data," Journal of the Japanese and International Economies, Elsevier, vol. 25(3), pages 246-272, September.
  68. Hiroki Murakami, 2016. "Alternative monetary policies and economic stability in a medium-term Keynesian model," Evolutionary and Institutional Economics Review, Springer, vol. 13(2), pages 323-362, December.
  69. Spahn, Heinz-Peter, 1998. "Heterogeneous labour, the unemployment equilibrium, and the natural rate," Violette Reihe: Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung" 2/1998, University of Hohenheim, Carl von Ossietzky University Oldenburg, Evangelisches Studienwerk.
  70. Przemysław Włodarczyk, 2016. "Modele reprezentatywnych podmiotów gospodarczych jako narzędzie analizy w nowej syntezie neoklasycznej," Bank i Kredyt, Narodowy Bank Polski, vol. 47(6), pages 553-584.
  71. Eizo Kawai, 2018. "Re-examination of Modern Macroeconomics: Market Failure in a Walrasian Economy and Keynes's Unemployment Equilibrium," Working Papers e121, Tokyo Center for Economic Research.
  72. Peter Flaschel & Hans-Martin Krolzig, 2003. "Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals," Economics Papers 2003-W16, Economics Group, Nuffield College, University of Oxford.
  73. J E King, 2006. "Imperfectionism in Macroeconomics: New Light on an Old Controversy," Economic Issues Journal Articles, Economic Issues, vol. 11(2), pages 39-50, September.
  74. Ichiro Takahashi & Isamu Okada, 2020. "An artificial Wicksell–Keynes economy integrating short-run business cycle and long-term cumulative trend," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 15(4), pages 953-998, October.
  75. repec:hal:spmain:info:hdl:2441/6762 is not listed on IDEAS
  76. repec:spo:wpmain:info:hdl:2441/f6h8764enu2lskk9p4sqhi4gm is not listed on IDEAS
  77. Oliver Landmann, 2012. "Rotating Slumps in a Monetary Union," Open Economies Review, Springer, vol. 23(2), pages 303-317, April.
  78. John W. Keating, 2013. "What Do We Learn from Blanchard and Quah Decompositions If Aggregate Demand May Not be Long-Run Neutral?," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201302, University of Kansas, Department of Economics.
  79. Harlan M. Smith, 1997. "Introducing Students to the Competing Schools of Thought in Intermediate Macroeconomics," The Journal of Economic Education, Taylor & Francis Journals, vol. 28(3), pages 206-221, September.
  80. repec:spo:wpmain:info:hdl:2441/6762 is not listed on IDEAS
  81. Pannone, Andrea, 2010. "Production, unemployment and wage flexibility in an ICT-assisted economy: A model," Structural Change and Economic Dynamics, Elsevier, vol. 21(3), pages 219-230, August.
  82. Kromphardt, Jürgen, 1999. "Ansatzpunkte der Beschäftigungspolitik aus keynesianischer Sicht," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 32(4), pages 499-513.
  83. Robert M. Coen, 1999. "The NAIRU and Wages in Local Labor Markets," American Economic Review, American Economic Association, vol. 89(2), pages 52-57, May.
  84. SAU, Lino, 2001. "Stato del Credito, Effetto Cash-flow ed Instabilità [State of Credit, Cash-flow Effect and Instability]," MPRA Paper 3641, University Library of Munich, Germany.
  85. Carlo Benetti, 1998. "La structure logique de la Théorie générale de Keynes," Cahiers d'Économie Politique, Programme National Persée, vol. 30(1), pages 11-48.
  86. Meyer Danie Francois & Chipeta Chama & Camel Richard Thabang Mc, 2018. "An Analysis of the Effectiveness of Interest Rates to Facilitate Price Stability and Economic Growth in South Africa," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 63(3), pages 68-90, December.
  87. repec:hal:wpspec:info:hdl:2441/f6h8764enu2lskk9p4sqhi4gm is not listed on IDEAS
  88. Lucas Llach & Pablo Schiaffino, 2017. "The Classics, Keynes, and the Keynesians: A Unified Formalization," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 43(3), pages 530-551, June.
  89. Keating, John W., 2013. "What do we learn from Blanchard and Quah decompositions of output if aggregate demand may not be long-run neutral?," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 203-217.
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