We develop a microfounded New Keynesian model to analyze monetary policy and financial stability issues in open economies with financial fragilities and weakly anchored inflation expectations. We show ...

Keynesian theory’s popularity waned then because it had no appropriate policy response for stagflation. Monetarist economists doubted the ability of governments to regulate the business cycle with ...

August 2024, Paper: "In the past decade, a new paradigm for fiscal and monetary policy analysis has emerged, combining the canonical macro model of income and wealth inequality with the New Keynesian ...

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, ...

He also called for the introduction of a long-term fiscal policy model to improve planning and ... Bangladesh must take decisive fiscal and monetary action." He stressed the need for structural ...

The Global Financial Crisis and the COVID-19 pandemic were two major shocks to the world economy in the 21st century. In this study, we analyze the patterns of recessions and recoveries of 101 ...

he would have to delegate monetary and fiscal policy to competent people, rather than making it an extension of his ideological project. Months before he became president, Putin tasked his ...

paving the way for greater monetary and fiscal actions to shore up domestic demand and confidence, economists and analysts said. The package, unveiled on Wednesday, includes interest rate cuts ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

so countries can use fiscal policy for countercyclical purposes and to ensure the most effective and efficient use of public resources to support economic recovery. This is further accentuated by ...

Following this logic, it is not surprising that some economists are of the view that—by means of fiscal and monetary stimulus—it ... Obviously, then, an expansionary monetary policy, which is aimed at ...