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Fiscal and Monetary Policies in a Keynesian Stock-Flow Consistent Model
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Fiscal and Monetary Policies in a Keynesian Stock-Flow Consistent Model (2009)Fiscal and Monetary Policies in a Keynesi…A POST‐KEYNESIAN STOCK‐FLOW CONSISTENT MODEL FOR DYNAMIC ANALYSIS OF MONETARY POLICY SHOCK ON BANKING BEHAVIOUR (2008)A POST‐KEYNESIAN STOCK‐FLOW C…Monetary Economics (2007)Monetary EconomicsThe Bank Capital Channel of Monetary Policy (2006)The Bank Capital Channel of M…INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)INTEREST AND PRICES: FOUNDATI…A Post-Keynesian Stock-Flow Consistent Macroeconomic Growth Model: Preliminary Results (2004)A Post-Keynesian Stock-Flow C…The Case for Price Stability (2001)The Case for Price StabilityKaleckian Models of Growth in a Coherent Stock-Flow Monetary Framework: A Kaldorian View (2001)Kaleckian Models of Growth in…A Primer on the Economics and Time Series Econometrics of Wealth Effects (2001)A Primer on the Economics and…Forward-Looking Rules for Monetary Policy (1999)Forward-Looking Rules for Mon…Chapter 21 The financial accelerator in a quantitative business cycle framework (1999)Chapter 21 The financial acce…An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy (1997)An Optimization-Based Econome…John Maynard Keynes (1975)John Maynard KeynesEffective Demand Failures (1973)Effective Demand FailuresA General Equilibrium Approach To Monetary Theory (1969)A General Equilibrium Approac…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…The Principle of Increasing Risk (1937)The Principle of Increasing R…Inflation Targeting Monetary and Fiscal Policies in a Two-Country Stock-Flow Consistent Model (2012)Inflation Targeting Monetary …The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle (2005)Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? 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A panel data investigation (2012)Flexibility and Uncertainty (1984)Asymmetric Information, Financing Constraints, and Investment (1987)Finance-dominated capitalism and re-distribution of income: a Kaleckian perspective (2013)Bank profitability and the business cycle (2008)Financialisation and capital accumulation in the non-financial corporate sector:: A theoretical and empirical investigation on the US economy: 1973-2003 (2008)Fiscal Policy in a Depressed Economy (2012)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Convergence Towards the Normal Rate of Capacity Utilization in Neo‐ K aleckian Models: The Role of Non‐Capacity Creating Autonomous Expenditures (2015)The impact of phasing out fossil fuel subsidies on the low-carbon transition (2018)RATIONAL HEURISTICS? EXPECTATIONS AND BEHAVIORS IN EVOLVING ECONOMIES WITH HETEROGENEOUS INTERACTING AGENTS (2020)
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References

  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 1969A General Equilibrium Approach To Monetary Theory5,340 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1999Chapter 21 The financial accelerator in a quantitative business cycle framework3,549 cited
  • 1997An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy2,077 cited
  • 1975John Maynard Keynes1,539 cited
  • 1999Forward-Looking Rules for Monetary Policy507 cited
  • 2007Monetary Economics424 cited
  • 1937The Principle of Increasing Risk401 cited
  • 2006The Bank Capital Channel of Monetary Policy383 cited
  • 1973Effective Demand Failures308 cited
  • 2001A Primer on the Economics and Time Series Econometrics of Wealth Effects193 cited
  • 2001Kaleckian Models of Growth in a Coherent Stock-Flow Monetary Framework: A Kaldorian View179 cited
  • 2008A POST‐KEYNESIAN STOCK‐FLOW CONSISTENT MODEL FOR DYNAMIC ANALYSIS OF MONETARY POLICY SHOCK ON BANKING BEHAVIOUR86 cited
  • 2001The Case for Price Stability78 cited
  • 2004A Post-Keynesian Stock-Flow Consistent Macroeconomic Growth Model: Preliminary Results

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  • 2012Inflation Targeting Monetary and Fiscal Policies in a Two-Country Stock-Flow Consistent Model17 cited