References contributed by pco326-744659
Bakshi, G.S., Chen, Z., 1996. Inflation, asset prices, and the term structure of interest rates in monetary economies. Rev. Financ. Stud. 9 (1), 241–275.
Barattieri, A., Basu, S., Gottschalk, P., 2014. Some evidence on the importance of sticky wages. Am. Econ. J. Macroecon. 6 (1), 70–101.
Barro, R.J., Grossman, H.I., 1971. A general disequilibrium model of income and employment. Am. Econ. Rev. 61 (1), 82–93.
- Barro, R.J., Grossman, H.I., 1976. Money, Employment and Inflation. Cambridge University Press, Cambridge.
Paper not yet in RePEc: Add citation now
Basu, S., Fernald, J.G., Kimball, M.S., 2006. Are technology improvements contractionary? Am. Econ. Rev. 96 (5), 1418–1448.
- Benigno, G., Fornaro, L., 2018. Stagnation traps. Rev. Econ. Stud. 85 (3), 1425–1470.
Paper not yet in RePEc: Add citation now
Benveniste, L.M., Scheinkman, J.A., 1979. On the differentiability of the value function in dynamic models of economics. Econometrica 47 (3), 727–732.
Bhaduri, A., Marglin, S., 1990. Unemployment and the real wage: the economic basis for contesting political ideologies. Camb. J. Econ. 14, 375–393.
Blanchard, O., 1985. Debt, deficits, and finite horizons. J. Political Econ. 93 (2), 223–247.
Blanchard, O., 2018. On the future of macroeconomic models. Oxf. Rev. Econ. Pol. 34 (12), 43–54.
Blanchard, O., Perotti, R., 2002. An empirical characterization of the dynamic effects of changes in government spending and taxes on output. Q. J. Econ. 117 (4), 1329–1368.
Bouakez, H., Rebei, N., 2007. Why does private consumption rise after a government spending shock? Can. J. Econ. 40 (3), 954–979.
Brayton, F., Levin, A., Lyon, R., Williams, J., 1997. The evolution of macro models at the federal reserve board. Carnegie-Rochester Conf. Ser. Public Pol. 47 (1), 43–81.
Burgess, S., Burrows, O., Godin, A., Kinsella, S., Millard, S., 2016. A Dynamic Model of Financial Balances for the United Kingdom. Bank of England working papers 614. Bank of England.
Burnside, C., Eichenbaum, M., Fisher, J.D.M., 2004. Fiscal shocks and their consequences. J. Econ. Theory 115 (1), 89–117.
Caballero, R.J., Farhi, E., 2018. The safety trap. Rev. Econ. Stud. 85 (1), 223–274.
Carroll, C.D., 1997. Buffer-stock saving and the life cycle/permanent income hypothesis. Q. J. Econ. 112 (1), 1–55.
Carroll, C.D., Jeanne, O., 2009. A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds. NBER Working Papers 15228. National Bureau of Economic Research, Inc.
Carroll, C.D., Toche, P., 2009. A Tractable Model of Buffer Stock Saving. NBER Working Papers 15265. National Bureau of Economic Research, Inc.
Chiarella, C., Flaschel, P., 2000. The Dynamics of Keynesian Monetary Growth: Macro Foundations. Cambridge University Press.
Chiarella, C., Flaschel, P., Franke, R., 2005. Foundations for a Disequilibrium Theory of the Business Cycle. Cambridge University Press.
- Chiarella, C., Flaschel, P., Groh, G., Semmler, W., 2000. Disequilibrium, Growth and Labor Market Dynamics. Springer.
Paper not yet in RePEc: Add citation now
Christiano, L., Eichenbaum, M., Evans, C.L., 2005. Nominal rigidities and the dynamic effects of a shock to monetary policy. J. Political Econ. 113 (1), 1–45.
Christiano, L., Eichenbaum, M., Rebelo, S., 2011. When is the government spending multiplier large? J. Political Econ. 119 (1), 78–121.
Christoffel, K., Coenen, G., Warne, A., 2008. The New Area-wide Model of the Euro Area: a Micro-founded Open-Economy Model for Forecasting and Policy Analysis. Working Paper 944. European Central Bank.
Christoffel, K., Kuester, K., Linzert, T., 2009. The role of labor markets for euro area monetary policy. Eur. Econ. Rev. 53 (8), 908–936.
Darby, J., Ireland, J., Leith, C., Wren-Lewis, S., 1998. COMPACT: a rational expectations, intertemporal model of the United Kingdom economy. Econ. Modell. 16 (1), 1–52.
Eggertsson, G.B., 2011. What fiscal policy is effective at zero interest rates? In: NBER Macroeconomics Annual 2010, vol. 25. National Bureau of Economic Research, Inc, pp. 59–112. NBER Chapters.
Eggertsson, G.B., Woodford, M., 2003. The zero bound on interest rates and optimal monetary policy. Brook. Pap. Econ. Act. 34 (1), 139–235.
Fabiani, S., Galuscak, K., Kwapil, C., Lamo, A., Rm, T., 2010. Wage rigidities and labor market adjustment in europe. J. Eur. Econ. Assoc. 8 (23), 497–505.
Farmer, R.E.A., 2008. Aggregate demand and supply. Int. J. Econ. Theory 4 (1), 77–93.
Fats, A., Mihov, I., 2001. The Effects of Fiscal Policy on Consumption and Employment: Theory and Evidence. CEPR Discussion Papers 2760, C.E.P.R. Discussion Papers. . Francis, N., Ramey, V., 2005. Is the technology-driven real business cycle hypothesis dead? shocks and aggregate fluctuations revisited. J. Monet. Econ. 52 (8), 1379–1399.
- Gürkaynak, R.S., Tille, C., 2017. DSGE Models in the Policy Process: Use as Intended. CEPR.
Paper not yet in RePEc: Add citation now
Gali, J., 1999. Technology, employment, and the business cycle: do technology shocks explain aggregate fluctuations? Am. Econ. Rev. 89 (1), 249–271.
Gali, J., Lopez-Salido, J.D., Valles, J., 2007. Understanding the effects of government spending on consumption. J. Eur. Econ. Assoc. 5 (1), 227–270.
Gechert, S., Hallett, A.H., Rannenberg, A., 2016. Fiscal multipliers in downturns and the effects of euro area consolidation. Appl. Econ. Lett. 23 (16), 1138–1140.
Hein, E., Schoder, C., 2011. Interest rates, distribution and capital accumulation a post-Kaleckian perspective on the us and Germany. Int. Rev. Appl. Econ. 25 (6), 693–723.
Hendry, D.F., Muellbauer, J.N.J., 2018. The future of macroeconomics: macro theory and models at the Bank of England. Oxf. Rev. Econ. Pol. 34 (12), 287–328.
- Jakab, Z., Kumhof, M., 2018. Banks Are Not Intermediaries of Loanable Funds Facts, Theory and Evidence. Bank of England working papers 761. Bank of England.
Paper not yet in RePEc: Add citation now
Jawadi, F., Mallick, S.K., Sousa, R.M., 2014. Fiscal policy in the BRICs. Stud. Nonlinear Dynam. Econom. 18 (2), 1–15.
Jawadi, F., Mallick, S.K., Sousa, R.M., 2016. Fiscal and monetary policies in the BRICS: a panel VAR approach. Econ. Modell. 58 (C), 535–542.
Jean, S., Nicoletti, G., 2002. Product Market Regulation and Wage Premia in Europe and North America: an Empirical Investigation. OECD Economics Department Working Papers 318. OECD Publishing.
Jha, S., Mallick, S.K., Park, D., Quising, P.F., 2014. Effectiveness of countercyclical fiscal policy: evidence from developing Asia. J. Macroecon. 40 (C), 82–98.
- Karamessini, M., 2015. The Greek social model: towards a deregulated labour market and residual social protection. In: Vaughan-Whitehead, D. (Ed.), The European Social Model in Crisis. Is Europe Losing its Soul?. Edward Elgar.
Paper not yet in RePEc: Add citation now
- Keynes, J.M., 1936. The General Theory of Employment, Interest and Money. Macmillan, London.
Paper not yet in RePEc: Add citation now
Krugman, P., 2018. Good enough for government work? Macroeconomics since the crisis. Oxf. Rev. Econ. Pol. 34 (12), 156–168.
Lavoie, M., 2014. Post-keynesian Economics: New Foundations. Edward Elgar, Aldershot.
Linde, J., 2018. DSGE models: still useful in policy analysis? Oxf. Rev. Econ. Pol. 34 (12), 269–286.
Linnemann, L., Schabert, A., 2006. Productive government expenditure in monetary business cycle models. Scot. J. Polit. Econ. 53 (1), 28–46.
- Malinvaud, E., 1977. The Theory of Unemployment Reconsidered. Basil Blackwell, Oxford.
Paper not yet in RePEc: Add citation now
Mallick, S., Mohsin, M., 2010. On the real effects of inflation in open economies: theory and empirics. Empir. Econ. 39 (3), 643–673.
Mankiw, N.G., Weinzierl, M., 2011. An exploration of optimal stabilization policy. Brook. Pap. Econ. Act. 42 (1), 209–272.
- Marglin, S., 1984. Growth, Distribution and Prices. Harvard University Press, Cambridge.
Paper not yet in RePEc: Add citation now
Martins, J.O., Scarpetta, S., Pilat, D., 1996. Mark-Up Ratios in Manufacturing Industries: Estimates for 14 OECD Countries. OECD Economics Department Working Papers 162. OECD Publishing.
Mian, A., Sufi, A., 2014. What explains the 2007-2009 drop in employment? Econometrica 82 (6), 2197–2223.
Michaillat, P., 2012. Do matching frictions explain unemployment? Not in bad times.
Michaillat, P., Saez, E., 2014. An Economical Business-Cycle Model. NBER Working Papers 19777. National Bureau of Economic Research, Inc.
- Modigliani, F., Miller, M., 1958. The cost of capital, corporation finance and the theory of investment. Am. Econ. Rev. 48 (3), 261–297.
Paper not yet in RePEc: Add citation now
- Moreira, A., Dominguez, A.A., Antunes, C., Karamessini, M., Raitano, M., Glatzer, M., 2015. Austerity-driven labour market reforms in southern europe: eroding the security of labour market insiders. Eur. J. Soc. Secur. 17 (3), 202–225.
Paper not yet in RePEc: Add citation now
Piketty, T., Zucman, G., 2014. Capital is back: wealth-income ratios in rich countries 1700-2010. Q. J. Econ. 129 (3), 1255–1310.
Rafiq, M., Mallick, S., 2008. The effect of monetary policy on output in EMU3: a sign restriction approach. J. Macroecon. 30 (4), 1756–1791.
Ratto, M., Roeger, W., Veld, J. i. t., 2009. Quest iii: An estimated open-economy DSGE model of the Euro Area with fiscal and monetary policy. Econ. Modell. 26 (1), 222–233.
- Romer, P., 2019. The Trouble with Macroeconomics. The American Economist, forthcoming.
Paper not yet in RePEc: Add citation now
Schoder, C., 2017a. Are Dynamic Stochastic Disequilibrium models Keynesian or Neoclassical? Struct. Change Econ. Dynam. 40 (C), 46–63.
Schoder, C., 2017b. Estimating Keynesian models of business fluctuations using bayesian maximum likelihood. Rev. Keynesian Econ. 5 (4), 586–630.
Shimer, R., 2005. The cyclical behavior of equilibrium unemployment and vacancies. Am. Econ. Rev. 95 (1), 25–49.
Smets, F., Wouters, R., 2003. An estimated dynamic stochastic general equilibrium model of the Euro Area. J. Eur. Econ. Assoc. 1 (5), 1123–1175.
Stiglitz, J.E., 2018. Where modern macroeconomics went wrong. Oxf. Rev. Econ. Pol. 34 (12), 70–106.
Sveen, T., Weinke, L., 2007. Firm-specific capital, nominal rigidities, and the Taylor principle. J. Econ. Theory 136 (1), 729–737.
- Vines, D., Wills, S., 2018a. Oxford Review of Economic Policy: Rebuilding Macroeconomic Theory, (Special Issue), vol. 34, (1-2).
Paper not yet in RePEc: Add citation now
Vines, D., Wills, S., 2018b. The rebuilding macroeconomic theory project: an analytical assessment. Oxf. Rev. Econ. Pol. 34 (12), 1–42.
Woodford, M., 2011. Simple analytics of the government expenditure multiplier. Am. Econ. J. Macroecon. 3 (1), 1–35.
Wren-Lewis, S., 2018. Ending the microfoundations hegemony. Oxf. Rev. Econ. Pol. 34 (12), 55–69.
Yashiv, E., 2007. Labor search and matching in macroeconomics. Eur. Econ. Rev. 51 (8), 1859–1895.
Zou, H., 1995. The spirit of capitalism and savings behavior. J. Econ. Behav. Organ. 28 (1), 131–143.
Zou, H., 1998. The spirit of capitalism, social status, money, and accumulation. J. Econ. 68 (3), 219–233.