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Books on the topic 'New Keynesian theory'

Author: Grafiati

Published: 4 June 2021

Last updated: 13 February 2022

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1

Toward a new economics: Essays in post-Keynesian and institutionalist theory. London: Macmillan, 1986.

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2

Monetary policy and central banking: New directions in post-Keynesian theory. Cheltenham: Edward Elgar, 2012.

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3

Toward a new economics: Essays in post-Keynesian and institutionalist theory. Armonk, N.Y: M.E. Sharpe, 1985.

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4

1969-, Sonoda Tadashi, ed. A theory of producer-consumer household: The new Keynesian perspective on self-employment. Houndmills, Basingstoke, Hampshire: Palgrave Macmillan, 2011.

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5

Maruyama, Yoshihiro. A theory of producer-consumer household: The new Keynesian perspective on self-employment. Houndmills, Basingstoke, Hampshire: Palgrave Macmillan, 2011.

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6

Interest-rate rules in a new Keynesian framework with investment. Frankfurt am Main: Lang, 2011.

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7

Mankiw, N. Gregory. Sticky information versus sticky prices: A proposal to replace the new Keynesian Phillips curve. Cambridge, MA: National Bureau of Economic Research, 2001.

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8

Congdon, Tim. Money in a free society: Keynes, Friedman, and the new crisis in capitalism. New York: Encounter Books, 2011.

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9

Macroeconomic theory: Keynesian and neo-Walrasian models. Philadelphia: University of Pennsylvania Press, 1989.

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10

Cameron, John. Keynes' theory of the firm and its relevance for the current neo-keynesian revival. Norwich: School of Development Studies, University of East Anglia, 1986.

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11

Yadgarov, Yakov. History of economic thought. ru: INFRA-M Academic Publishing LLC., 2020. http://dx.doi.org/10.12737/1059100.

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The textbook presents the course of history of economic doctrines in accordance with the General plan of previous editions. Discusses the economic doctrine of the era of pre-market economy (including the economic thought of the Ancient world and middle Ages), mercantilism, classical political economy, socio-economic reform projects of economic romanticism, utopian socialism, German historical school, marginalism. To the era of regulated market relations are covered in the textbook socio-institutional direction, the theory of market with imperfect competition, Keynesian Economics, neoliberalism, the concept of the neoclassical synthesis, neo-institutionalism, the phenomenon of the Russian school of economic thought. Special attention is given to synthesis as the basis of modern theories of value. Meets the requirements of Federal state educational standards of higher education of the last generation. For students enrolled in the specialty 38.03.01 "Economics", graduate students, researchers and anyone interested in the history of world and domestic economic thought.

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12

Rogers, Colin. The Scientific Illusion of New Keynesian Monetary Theory. Oxford University Press, 2013. http://dx.doi.org/10.1093/oxfordhb/9780195390766.013.0009.

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13

Steven, Pressman, and Holt, Richard P. F., 1953-, eds. A new guide to post Keynesian economics. London: Routledge, 2001.

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14

The Economics of Keynes: A New Guide to the General Theory (New Directions in Modern Economics Series). Edward Elgar Publishing, 2007.

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15

Harris, Seymour E. The New Economics: Keynes' Influence on Theory and Public Policy. Kessinger Publishing, LLC, 2005.

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16

Harris, Seymour E. The New Economics: Keynes' Influence on Theory and Public Policy. Kessinger Publishing, LLC, 2007.

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17

Eichner, Alfred S. Toward a New Economics: Essays in Post-Keynesian and Institutionalist Theory. M E Sharpe Inc, 1986.

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18

Pavlova, Elena. Interest-Rate Rules in a New Keynesian Framework with Investment. Lang Publishing, Incorporated, Peter, 2012.

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19

Pavlova, Elena. Interest-Rate Rules in a New Keynesian Framework with Investment. Lang GmbH, Internationaler Verlag der Wissenschaften, Peter, 2012.

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20

Riach, P. A., and G. C. Harcourt. General Theory: Volume 2 Overview, Extensions, Method and New Developments. Taylor & Francis Group, 2005.

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21

Riach, P. A., and G. C. Harcourt. General Theory: Volume 2 Overview, Extensions, Method and New Developments. Taylor & Francis Group, 2005.

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22

Riach, P. A., and G. C. Harcourt. General Theory: Volume 2 Overview, Extensions, Method and New Developments. Taylor & Francis Group, 2005.

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23

Riach, P. A., and G. C. Harcourt. General Theory: Volume 2 Overview, Extensions, Method and New Developments. Taylor & Francis Group, 2005.

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24

Harcourt, G. c. Second Edition Of General Theory: Overview, Extensions, Methods and New Developments (Second Edition of the General Theory). Routledge, 1997.

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25

Harcourt, G. c. Second Edition Of General Theory: Overview, Extensions, Methods and New Developments. Routledge, 1997.

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26

Maruyama, Yoshihiro, and Tadashi Sonoda. A Theory of the Producer-Consumer Household: The New Keynesian Perspective on Self-Employment. Palgrave Macmillan, 2011.

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27

Arestis, Philip. The Post-Keynesian Approach to Economics: An Alternative Analysis of Economic Theory and Policy (New Directions in Modern Economics). Edward Elgar Publishing, 1994.

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28

Arestis, Philip. The Post-Keynesian Approach to Economics: An Alternative Analysis of Economic Theory and Policy (New Directions in Modern Economics). Edward Elgar Publishing, 1992.

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29

Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications - Second Edition. Princeton University Press, 2015.

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30

1941-, Arestis Philip, and Skouras Thanos 1943-, eds. Post Keynesian economic theory: A challenge to neo-classical economics. Sussex: Wheatsheaf Books, 1985.

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31

Thanos, Skouras, and Arestis P. 1941, eds. Post-Keynesian economic theory: A challenge to neo-classical economics. Brighton: Wheatsheaf Books, 1987.

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32

Arestis, Philip. Post Keynesian Economic Theory: A Challenge to Neo Classical Economics. M E Sharpe Inc, 1985.

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33

Neri, Salvadori, and Panico Carlo 1952-, eds. Classical, neo classical and Keynesian views on growth and distribution. Cheltenham, UK: Edward Elgar Pub., 2006.

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34

Theodoulou, Stella Z., and Ravi K. Roy. 5. The New Public Management goes global. Oxford University Press, 2016. http://dx.doi.org/10.1093/actrade/9780198724230.003.0005.

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The so-called ‘golden age’ of the Keynesian State was turbulently interrupted by a series of economic shocks in the 1970s. Traditional administrative hierarchies were regarded as too inflexible to adapt to the dynamic political and economic forces unleashed in the global age. Emphasizing private sector values such as timeliness, responsiveness, and cost savings, a new kind of managerialism—New Public Management (NPM)—began to take root in some of the world’s leading public bureaucracies. ‘The New Public Management goes global’ explains that, today, the NPM’s emphasis on customer service, management by objectives, and quantitative-based performance and accountability standards is evident at all levels of governance. But is there an alternative?

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35

Benes, Jaromir, Andrew Berg, Rafael Portillo, and David Vavra. Modelling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New Keynesian Framework. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198785811.003.0013.

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The authors study a wide range of hybrid inflation-targeting (IT) and managed exchange rate regimes, analysing their implications for inflation, output and the exchange rate in the presence of various domestic and external shocks. To this end, the chapter presents an open economy New Keynesian model featuring sterilized interventions in the foreign exchange (FX) market as an additional central bank instrument operating alongside the Taylor rule, and affecting the economy through portfolio balance sheet effects in the financial sector. The chapter shows that there can be advantages to combining IT with some degree of exchange rate management via FX interventions. Unlike ‘pure’ IT or exchange rate management via interest rates, FX interventions can help insulate the economy against certain shocks, especially shocks to international financial conditions. However, managing the exchange rate through FX interventions may also hinder necessary exchange rate adjustments, e.g., in the presence of terms of trade shocks.

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36

Theodoulou, Stella Z., and Ravi K. Roy. 4. The rise of the modern welfare state. Oxford University Press, 2016. http://dx.doi.org/10.1093/actrade/9780198724230.003.0004.

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The Great Depression in the late 1920s and early 1930s compelled policymakers in Western democracies to develop new administrative systems and governing approaches. Leaders in the industrialized countries watched helplessly as the value of their country’s assets plummeted. Meanwhile, national industries collapsed and millions of citizens found themselves unemployed and destitute. ‘The rise of the modern welfare state’ considers the conditions that influenced the rise of modern welfare states in Germany, Sweden, the United States, and Great Britain. Widespread application of Keynesian economic concepts by various governments across the industrialized world led many to refer to the period from 1945 to the 1970s as ‘the golden age of managed capitalism’.

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37

McCabe, Joshua T. From the Era of Easy Finance to Permanent Austerity. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780190841300.003.0003.

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Chapter 3 covers the transition from the “era of easy finance” to the “era of permanent austerity,” when macroeconomic changes reinforced logics. The onset of stagflation across the developed world led to new and intense economic pressures on families. Most scholars of this period focus on the confusion policymakers faced as the Keynesian consensus broke down and they were forced to recalibrate monetary and fiscal policy. Policymakers also faced uncertainty in how to deal with inflation-induced erosion of tax and social benefits for families. In countries with family allowances, like Canada and the UK, policymakers and the public traced these pressures to the erosion of family allowances. Because the US had no family allowance, policymakers and the public instead traced these pressures to the erosion of dependent exemptions in the tax system. In doing so, they reinforced the dominant logic of appropriateness that lay behind policy responses to the problem of inflation in each country.

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38

Andrle, Michal, Andrew Berg, R. Armando Morales, Rafael Portillo, and Jan Vlcek. On the Sources of Inflation in Kenya. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198785811.003.0015.

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The authors develop a semi-structural, New Keynesian open-economy model with separate food and non-food inflation dynamics to study the sources of inflation in Kenya in recent years. They filter international and Kenyan data through the model to recover a model-based decomposition of most variables into trends (or potential values) and temporary movements (or gaps), including for the international and domestic relative price of food. The filtration exercise helps recover the sequence of domestic and foreign macroeconomic shocks that account for business cycle dynamics in Kenya over the last few years, with a special emphasis on the various factors (international food prices, monetary policy) driving inflation. The authors find that while imported food price shocks have been an important source of inflation, both in 2008 and more recently, accommodating monetary policy has also played a role, most notably through its effect on the nominal exchange rate.

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39

Berg, Andrew, Rafael Portillo, and Filiz Unsal. On the Role of Money Targets in the Monetary Policy Framework in SSA. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198785811.003.0008.

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Many low-income countries continue to describe their monetary policy framework in terms of targets on monetary aggregates. This chapter extends the New Keynesian model to provide a role for ‘M’ in the conduct of monetary policy, and examine the conditions under which some adherence to money targets is optimal. In the spirit of Poole (1970), this role is based on the incompleteness of information available to the central bank, a pervasive issue in these countries. Ex ante announcements and forecasts for money growth are consistent with a Taylor rule for the relevant short-term interest rate. Ex post, the policymaker must choose his relative adherence to interest rate and money growth targets. The chapter shows that some adherence to previously set money targets can emerge endogenously from the signal extraction problem faced by the central bank. The chapter also provides an analytical representation of the factors influencing the degree of optimal target adherence.

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