Cambridge Journal of Economics, Vol. 31, No. 1 (January 2007), pp. 1-23 (23 pages) This paper presents a Keynesian model which describes three countries trading merchandise and financial assets with ...
Forbes contributors publish independent expert analyses and insights. Dr. Goodman offers market-based solutions to public policy problems. Until we entered the Great Recession, most economists ...
Economists’ ideas are far more powerful than is immediately obvious. As the economist John Maynard Keynes once wrote: “Practical men, who believe themselves to be quite exempt from any intellectual ...
Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper proposes a “quasi-agnostic” sign restriction procedure to identify structural shocks in frequentist structural ...
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