Matches in SemOpenAlex for { <https://semopenalex.org/work/W2110549989> ?p ?o ?g. }
Showing items 1 to 82 of
82
with 100 items per page.
- W2110549989 endingPage "373" @default.
- W2110549989 startingPage "366" @default.
- W2110549989 abstract "Following the broad outlines of Kaldor (1940), we develop a simple non-convex Keynesian macroeconomic model. It has two stable short-run equilibria, achieved by expectations adjustment; shifting curves in the medium run can cause a jump from high employment equilibrium to stagnation. Such a leap can arise from endogenous declines in the demand/debt ratio occurring after persistent periods of high employment (cf. Minsky, 1982, Kalecki, 1933). We thus provide an explanation of the U.S. economy “falling off a cliff” – perhaps as seen during 2007–2009 – as being due to the “Great Moderation” of 1985–2006; this interpretation is made more plausible by reference to empirical data. The model also allows for milder fluctuations. The model's asymmetries suggest the need for “pump-priming” by policy-makers to allow recovery after a steep recession. We use a synthesis of the rational and adaptive theories of expectation determination." @default.
- W2110549989 created "2016-06-24" @default.
- W2110549989 creator A5069691289 @default.
- W2110549989 date "2011-05-01" @default.
- W2110549989 modified "2023-09-27" @default.
- W2110549989 title "The great moderation and “falling off a cliff”: Neo-Kaldorian dynamics" @default.
- W2110549989 cites W1982744423 @default.
- W2110549989 cites W1984862835 @default.
- W2110549989 cites W2035576120 @default.
- W2110549989 cites W2071485883 @default.
- W2110549989 cites W2077487325 @default.
- W2110549989 cites W2113694792 @default.
- W2110549989 cites W2152717893 @default.
- W2110549989 cites W2165896179 @default.
- W2110549989 cites W2315251483 @default.
- W2110549989 cites W2323266160 @default.
- W2110549989 cites W2333361676 @default.
- W2110549989 cites W265115998 @default.
- W2110549989 cites W2800876446 @default.
- W2110549989 cites W2892387721 @default.
- W2110549989 cites W3122306991 @default.
- W2110549989 cites W630470564 @default.
- W2110549989 cites W784457487 @default.
- W2110549989 doi "https://doi.org/10.1016/j.jebo.2011.01.020" @default.
- W2110549989 hasPublicationYear "2011" @default.
- W2110549989 type Work @default.
- W2110549989 sameAs 2110549989 @default.
- W2110549989 citedByCount "1" @default.
- W2110549989 countsByYear W21105499892020 @default.
- W2110549989 crossrefType "journal-article" @default.
- W2110549989 hasAuthorship W2110549989A5069691289 @default.
- W2110549989 hasConcept C120527767 @default.
- W2110549989 hasConcept C139719470 @default.
- W2110549989 hasConcept C149782125 @default.
- W2110549989 hasConcept C162324750 @default.
- W2110549989 hasConcept C165556158 @default.
- W2110549989 hasConcept C195742910 @default.
- W2110549989 hasConcept C199360897 @default.
- W2110549989 hasConcept C2779079380 @default.
- W2110549989 hasConcept C41008148 @default.
- W2110549989 hasConcept C527412718 @default.
- W2110549989 hasConcept C556758197 @default.
- W2110549989 hasConcept C71924100 @default.
- W2110549989 hasConcept C72868586 @default.
- W2110549989 hasConcept C83873408 @default.
- W2110549989 hasConcept C99454951 @default.
- W2110549989 hasConceptScore W2110549989C120527767 @default.
- W2110549989 hasConceptScore W2110549989C139719470 @default.
- W2110549989 hasConceptScore W2110549989C149782125 @default.
- W2110549989 hasConceptScore W2110549989C162324750 @default.
- W2110549989 hasConceptScore W2110549989C165556158 @default.
- W2110549989 hasConceptScore W2110549989C195742910 @default.
- W2110549989 hasConceptScore W2110549989C199360897 @default.
- W2110549989 hasConceptScore W2110549989C2779079380 @default.
- W2110549989 hasConceptScore W2110549989C41008148 @default.
- W2110549989 hasConceptScore W2110549989C527412718 @default.
- W2110549989 hasConceptScore W2110549989C556758197 @default.
- W2110549989 hasConceptScore W2110549989C71924100 @default.
- W2110549989 hasConceptScore W2110549989C72868586 @default.
- W2110549989 hasConceptScore W2110549989C83873408 @default.
- W2110549989 hasConceptScore W2110549989C99454951 @default.
- W2110549989 hasIssue "3" @default.
- W2110549989 hasLocation W21105499891 @default.
- W2110549989 hasOpenAccess W2110549989 @default.
- W2110549989 hasPrimaryLocation W21105499891 @default.
- W2110549989 hasRelatedWork W1522461878 @default.
- W2110549989 hasRelatedWork W2000626777 @default.
- W2110549989 hasRelatedWork W2024184969 @default.
- W2110549989 hasRelatedWork W2080634484 @default.
- W2110549989 hasRelatedWork W2093110416 @default.
- W2110549989 hasRelatedWork W2902208829 @default.
- W2110549989 hasRelatedWork W3121794754 @default.
- W2110549989 hasRelatedWork W3123473914 @default.
- W2110549989 hasRelatedWork W3124026637 @default.
- W2110549989 hasRelatedWork W3126012103 @default.
- W2110549989 hasVolume "78" @default.
- W2110549989 isParatext "false" @default.
- W2110549989 isRetracted "false" @default.
- W2110549989 magId "2110549989" @default.
- W2110549989 workType "article" @default.