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Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
An Analysis Of Uk Swap Yields, Tanweer Akram, Khawaja Mamun
An Analysis Of Uk Swap Yields, Tanweer Akram, Khawaja Mamun
WCBT Working Papers
John Maynard Keynes argued that the central bank influences the long-term interest rate through the effect of its policy rate on the short-term interest rate. However, Keynes’s claim was confined to the behavior of the long-term government bond yield. This paper investigates whether Keynes’s claim holds for the yields of spread products and over-the-counter financial derivatives by econometrically modeling the dynamics of the pound sterling–denominated longterm interest rate swap yield. It uses the generalized autoregressive conditional heteroskedasticity (GARCH) modeling approach to examine the relationship between the month-over-month changes in the short-term swap yield and the month-over-month change in the long-term …
2013-2 The Fisher Relation In The Great Depression And The Great Recession, David Laidler
2013-2 The Fisher Relation In The Great Depression And The Great Recession, David Laidler
Economic Policy Research Institute. EPRI Working Papers
No abstract provided.
2010-1 The Monetary Economy And The Economic Crisis, David Laidler
2010-1 The Monetary Economy And The Economic Crisis, David Laidler
Economic Policy Research Institute. EPRI Working Papers
No abstract provided.
2006-3 Axel Leijonhufvud And The Quest For Micro-Foundations -- Some Reflections, David Laidler
2006-3 Axel Leijonhufvud And The Quest For Micro-Foundations -- Some Reflections, David Laidler
Economic Policy Research Institute. EPRI Working Papers
No abstract provided.
2005-02 Keynes And The Birth Of Modern Macroeconomics, David Laidler
2005-02 Keynes And The Birth Of Modern Macroeconomics, David Laidler
Economic Policy Research Institute. EPRI Working Papers
No abstract provided.
Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics, Harlan M. Smith Ii
Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics, Harlan M. Smith Ii
Economics Faculty Research
The article discusses how the intermediate macroeconomics instructor can introduce students to ways of old and new Keynesians and classical theorists addressed the question on why output and employment fluctuate. Keynesian macroeconomics characterizes a school of thought developed around two central prepositions. New Keynesians develop alternative ways of explaining short-run movements in output and employment in the early 1970's. All individuals maximize utility, firm maximizes profits. Recently, new classicals developed an alternative approach in explaining short-run fluctuation in employment and output by redefining the concept of the short run.