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Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook x Economic Methodology x clear all

Building Economic Models Corresponding to the Real World

Ray Huffaker.

in Applied Economic Perspectives and Policy

December 2015; p ublished online August 2015 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Methodology. 6329 words.

Increasingly, there are calls to audit models used in public policy for how accurately they portray the reality facing policy makers. Although models cannot be logically verified as...

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The euro crisis: undetected by conventional economics, favoured by nationally focused polity

Robert Boyer.

in Cambridge Journal of Economics

May 2013; p ublished online May 2013 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Methodology; Money and Interest Rates. 15851 words.

This article interprets the initial success of the launch of the euro and its ‘muddling through’ since the outbreak of the Greek sovereign debt crisis. Two interrelated processes interacted...

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Gender, Development and Economic Growth in Sub-Saharan Africa

Stephanie Seguino and Maureen Were.

in Journal of African Economies

January 2014; p ublished online January 2014 .

Journal Article. Subjects: Economywide Country Studies; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Methodology; Economic Development. 14349 words.

A plethora of scholars have attempted to discern the causes of slow growth in the sub-Saharan Africa region. The effects of global economic integration, corruption, geography and ethnic...

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How can we explain the persistence of the Great Recession? A balanced stability approach

Teodoro Dario Togati.

in Cambridge Journal of Economics

July 2016; p ublished online September 2015 .

Journal Article. Subjects: Economic Methodology; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 14939 words.

The Great Recession (GR) creates a stalemate in macroeconomics. On the one hand, standard approaches fail to account for its persistence in a credible way due to their implicit assumption...

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On the future of macroeconomic models

Olivier Blanchard.

in Oxford Review of Economic Policy

January 2018; p ublished online January 2018 .

Journal Article. Subjects: Economic Methodology; Macroeconomics and Monetary Economics; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Education and Teaching of Economics. 5969 words.

Abstract

Macroeconomics has been under scrutiny as a field since the financial crisis, which brought an abrupt end to the optimism of the Great Moderation....

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Origins and Ways Out of the Euro Crisis: Supranational Institution Building in the Era of Global Finance

Robert Boyer.

in Contributions to Political Economy

June 2013; p ublished online June 2013 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Methodology; Money and Interest Rates. 10478 words.

The article describes the complex process of emergence of the Euro, led by a rather functionalist conception of supranational institution building, in interaction with financial innovation...

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Time to reject the privileging of economic theory over empirical evidence? A reply to Lawson

Katarina Juselius.

in Cambridge Journal of Economics

March 2011; p ublished online August 2010 .

Journal Article. Subjects: General Aggregative Models; General Economics; Economic Methodology; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomics and Monetary Economics; Multiple or Simultaneous Equation Models; Multiple Variables; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Econometric Modelling. 6903 words.

The present financial and economic crisis has revealed a systemic failure of academic economics and emphasised the need to re-think how to model economic phenomena. Tony Lawson seems...

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Towards a political economy of the theory of economic policy

K. Vela Velupillai.

in Cambridge Journal of Economics

November 2014; p ublished online November 2013 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Economic Methodology; Monetary Policy, Central Banking, and the Supply of Money and Credit. 5236 words.

The theory of economic policy, in its mathematical modes, may be said to have had two incarnations, identified in terms of pre-Lucasian and ultra-Lucasian on a timescale whose origin can be...

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The UK’s Coalition government and heterodox economics

Michael Ellman.

in Cambridge Journal of Economics

September 2015; p ublished online August 2015 .

Journal Article. Subjects: Economic Methodology; Wages, Compensation, and Labour Costs; National Budget, Deficit, and Debt; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Public Economics. 4683 words.

The UK Coalition government’s economic policy was primarily aimed at reducing the large fiscal deficit that it inherited, mainly by cutting expenditure. This was considered irrational by...

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