Post Keynesian Empirical Research And The Debate On Financial Market Development

Author : Chaiechi, Taha
Publisher : IGI Global
Page : 331 pages
File Size : 48,5 Mb
Release : 2014-04-30
Category : Business & Economics
ISBN : 9781466660199

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Post-Keynesian Empirical Research and the Debate on Financial Market Development by Chaiechi, Taha Pdf

Current research often highlights the importance of financial markets as well as financial system development. However, the current literature in this field still fails to adequately explain the relationship between financial market and macroeconomic development. Post-Keynesian Empirical Research and the Debate on Financial Market Development integrates the concept of financial intermediaries with Post-Keynesian macroeconomic modeling to discuss the relationship between financial markets and systems and macroeconomic development. Discussing key macroeconomic variables such as investment, savings, and productivity growth, this timely resource is essential for students, academicians, as well as finance and economics professionals interested in uncovering the latest research in this field.

Author : Louis-Philippe Rochon,Virginie Monvoisin
Publisher : Edward Elgar Publishing
Page : 328 pages
File Size : 40,9 Mb
Release : 2019
Category : Electronic
ISBN : 9781788973694

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Finance, Growth and Inequality by Louis-Philippe Rochon,Virginie Monvoisin Pdf

This book brings together some leading and emerging scholars who bring an alternative view on some of the most pressing issues of today. In addition to key concepts in post-Keynesian and heterodox economics, the authors also explore financialization, debt, income distribution, and policies, and the emerging threat of dualism. Policy makers and scholars alike will find the book a much need addition to the field.

Author : Bruno Bonizzi,Annina Kaltenbrunner,Raquel A. Ramos
Publisher : Routledge
Page : 290 pages
File Size : 51,8 Mb
Release : 2021-05-05
Category : Business & Economics
ISBN : 9780429658358

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Emerging Economies and the Global Financial System by Bruno Bonizzi,Annina Kaltenbrunner,Raquel A. Ramos Pdf

This book provides a comprehensive overview of the financial integration of emerging economies through an in-depth analysis of the international monetary system, how it impacts capital flows and exchange rates, and its implications for policy making. The financial integration of emerging economies has been a remarkable development of the past two decades. The growth of cross-border transactions and asset ownership, not least through the accumulation of foreign exchange reserves, has put many of these countries in a more prominent, if still peripheral, position within the global financial system. This has not been a smooth process, as integration has been marked by cyclical waves of capital flows, with financial and currency instability often accompanying the acute phases of these cycles. While conventional economic theory traditionally sees financial integration as a positive development, Post-Keynesian economists, working in the tradition of Keynes, Minsky and Kalecki, have long taken a more sceptical viewpoint. By centring the analysis of financial dynamics on concepts as liquidity, uncertainty, balance-sheet structures and institutions, Post-Keynesian theory highlights the intrinsic character of shocks imposed by financial integration upon emerging economies, and their implications for economic growth and distribution. This book demonstrates that these analyses can be fruitfully used to gain a better understanding of financial (in)stability and economic development in emerging economies as they integrate into the global financial system. This work provides key reading for students and scholars of economics, political economy and finance that are interested in the financial integration of emerging economies, and how the heterodox tradition of Post-Keynesian economics contributes to its analysis.

Author : Sheila C. Dow,John Hillard
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 45,5 Mb
Release : 2002
Category : Corporations
ISBN : STANFORD:36105026132964

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Post Keynesian Econometrics, Microeconomics and the Theory of the Firm by Sheila C. Dow,John Hillard Pdf

While the first conference (1993) focused on methodological issues, the 13 papers of the second are more concerned with developments in theory, empirical work, and policy questions as they seek to carry on the insights of economist John Maynard Keynes into and through the 1990s. Among the themes are the relationship between microeconomic and macroeconomic levels, uncertainty and its implications for individual behavior as it underpins macroeconomic behavior, and applying post- Keynesian theory to policy questions particularly in the international arena. The proceedings of the first conference were published under a separate title, and this series begins Volume One with the second conference. Annotation copyrighted by Book News, Inc., Portland, OR

Author : J. E. King
Publisher : Edward Elgar Publishing
Page : 332 pages
File Size : 43,8 Mb
Release : 2002-04-26
Category : Business & Economics
ISBN : 1781008019

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A History of Post Keynesian Economics Since 1936 by J. E. King Pdf

This text provides a history of the post Keynesian approach to economics since 1936. The author locates the origins of these economics in the conflicting interpretations of Keynes' General Theory and in the complementary work of Michael Kalecki.

Author : Richard P F Holt,Steven Pressman
Publisher : Routledge
Page : 352 pages
File Size : 51,6 Mb
Release : 2014-12-18
Category : Business & Economics
ISBN : 9781317472070

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Empirical Post Keynesian Economics by Richard P F Holt,Steven Pressman Pdf

This text highlights the major empirical questions and issues facing Post Keynesian economics today. Featuring contributions by leading Post Keynesian economists, it focuses on public policy and real-life analysis of this vibrant and dynamic economic theory. In language that is accessible to upper-level undergraduate and graduate students, professional economists, and public policy makers, each of the chapters takes on a specific issue of concern to all professional economists, provides empirical analysis of the issue, and then discusses the Post Keynesian view on the topic and contrasts it with the orthodox perspective. The topics covered are grouped into three main categories: empirical studies of consumption; empirical studies of business investment; and empirical studies of international economic relations.

Author : Jan-Erik Lane,Svante O. Ersson
Publisher : Burns & Oates
Page : 312 pages
File Size : 42,8 Mb
Release : 1990
Category : Comparative economics
ISBN : UCSC:32106009860450

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Comparative Political Economy by Jan-Erik Lane,Svante O. Ersson Pdf

Author : Jonathan Michie
Publisher : Routledge
Page : 2166 pages
File Size : 54,6 Mb
Release : 2014-02-03
Category : Social Science
ISBN : 9781135932268

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Reader's Guide to the Social Sciences by Jonathan Michie Pdf

This 2-volume work includes approximately 1,200 entries in A-Z order, critically reviewing the literature on specific topics from abortion to world systems theory. In addition, nine major entries cover each of the major disciplines (political economy; management and business; human geography; politics; sociology; law; psychology; organizational behavior) and the history and development of the social sciences in a broader sense.

Author : Ashwani Saith
Publisher : Springer Nature
Page : 1218 pages
File Size : 49,7 Mb
Release : 2022-11-11
Category : Business & Economics
ISBN : 9783030930196

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Cambridge Economics in the Post-Keynesian Era by Ashwani Saith Pdf

This book chronicles the rise and especially the demise of diverse revolutionary heterodox traditions in Cambridge theoretical and applied economics, investigating both the impact of internal pressures within the faculty as also the power of external ideological and political forces unleashed by the global dominance of neoliberalism. Using fresh archival materials, personal interviews and recollections, this meticulously researched narrative constructs the untold story of the eclipse of these heterodox and post-Keynesian intellectual traditions rooted and nurtured in Cambridge since the 1920s, and the rise to power of orthodox, mainstream economics. Also expunged in this neoclassical counter-revolution were the structural and radical policy-oriented macro-economic modelling teams of the iconic Department of Applied Economics, along with the atrophy of sociology, development and economic history from teaching and research in the self-purifying faculty. This book will be of particular interest to researchers in the history of economic thought, sociology of knowledge, political economy, especially those engaged in heterodox and post-Keynesian economics, and to everyone wishing to make economics fit for purpose again for negotiating the multiple economic, social and environmental crises rampant at national and global levels.

Author : John Maynard Keynes
Publisher : Springer
Page : 404 pages
File Size : 55,7 Mb
Release : 2018-07-20
Category : Business & Economics
ISBN : 9783319703442

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The General Theory of Employment, Interest, and Money by John Maynard Keynes Pdf

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

Author : Engelbert Stockhammer
Publisher : Springer
Page : 329 pages
File Size : 49,6 Mb
Release : 2013-12-03
Category : Business & Economics
ISBN : 9781137357939

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Wage-Led Growth by Engelbert Stockhammer Pdf

This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Author : John B. Davis,D. Wade Hands
Publisher : Routledge
Page : 156 pages
File Size : 40,8 Mb
Release : 2018-04-19
Category : Business & Economics
ISBN : 9781315471594

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Reflexivity and Economics by John B. Davis,D. Wade Hands Pdf

The form of ‘reflexivity’ – defined by the dictionary as that which is ‘directed back upon itself’ – that is most relevant to economic methodology is that where observation of the economy leads to ideas that change behavior, which in turn changes (is directed back upon) the economy itself. As George Soros explains: "if investors believe that markets are efficient then that belief will change the way they invest, and that in turn will change the nature of the markets they are observing ... That is the principle of reflexivity". Although various versions of reflexivity have long been discussed, in recent years George Soros has been particularly effective in bringing ideas about reflexivity to the attention of the economic and financial communities. In a series of writings he has systematically argued that reflexivity is not only an important aspect of economic life, it is an aspect that is neglected in most mainstream theorizing; and in addition, that the neglect of reflexivity has been responsible for the failure of economists to predict, explain, or offer a solution for events such as the recent financial crisis. Soros’ ideas about reflexivity have important methodological significance, and his chapter in this book summarizes and clarifies his arguments. His contribution is joined by those of thirteen scholars from a wide range of relevant fields, who provide a commentary on the idea of reflexivity in economics. This book was originally published as a special issue of The Journal of Economic Methodology.

Author : Mr.Etibar Jafarov,Mr.Rodolfo Maino,Mr.Marco Pani
Publisher : International Monetary Fund
Page : 66 pages
File Size : 54,8 Mb
Release : 2019-09-30
Category : Business & Economics
ISBN : 9781513512488

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Financial Repression is Knocking at the Door, Again by Mr.Etibar Jafarov,Mr.Rodolfo Maino,Mr.Marco Pani Pdf

Financial repression (legal restrictions on interest rates, credit allocation, capital movements, and other financial operations) was widely used in the past but was largely abandoned in the liberalization wave of the 1990s, as widespread support for interventionist policies gave way to a renewed conception of government as an impartial referee. Financial repression has come back on the agenda with the surge in public debt in the wake of the Global Financial Crisis, and some countries have reintroduced administrative ceilings on interest rates. By distorting market incentives and signals, financial repression induces losses from inefficiency and rent-seeking that are not easily quantified. This study attempts to assess some of these losses by estimating the impact of financial repression on growth using an updated index of interest rate controls covering 90 countries over 45 years. The results suggest that financial repression poses a significant drag on growth, which could amount to 0.4-0.7 percentage points.

Author : Paul Downward
Publisher : Routledge
Page : 321 pages
File Size : 40,7 Mb
Release : 2005-08-18
Category : Business & Economics
ISBN : 9781134497607

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Applied Economics and the Critical Realist Critique by Paul Downward Pdf

This intriguing new book examines and analyses the role of critical realism in economics and specifically how this line of thought can be applied to the real world. With contributions from such varying commentators as Sheila Dow, Wendy Olsen and Fred Lee, this new book is unique in its approach and will be of great interest to both economic methodologists and those involved in applied economic studies.

Author : Alfredo Fernando Calcagno,Sebastian Dullien,Alejandro Márquez-Velázquez,Nicolas Maystre,Jan Priewe
Publisher : Unknown
Page : 0 pages
File Size : 45,9 Mb
Release : 2015
Category : Business & Economics
ISBN : 9211128943

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Rethinking Development Strategies After the Financial Crisis by Alfredo Fernando Calcagno,Sebastian Dullien,Alejandro Márquez-Velázquez,Nicolas Maystre,Jan Priewe Pdf

Recent economic trends and the challenges posed by the global crisis reinforce the importance of implementing strategies for development as opposed to leaving the economy to market forces. Countries need a strategic compass for long-run economic development. This comprises macroeconomic policies, sectoral policies (including financial sector, trade and industrial policies), institution building in key areas and development-friendly global governance. Within a chosen medium- or long-term strategy, governments need more policy space to adjust to the specific (and evolving) social, historical and institutional context. In this volume, issues that all developing countries need to handle are discussed.