Belief in the fairy tale known as Modern Monetary Theory not only is endemic in US academic and government circles, but is ...

September 2, 2021, Paper: "The two components of the advertising industry – the creative sector that develops and produces messages, and the communications sector that transmits messages via various ...

In 1997, Michael Woodford co-authored a paper with Julio Rotemberg in which they made an econometric estimation of a quantitative model in the New Keynesian framework ... interest rates and another ...

On the other side, there is demand or expenditure for purchasing ... Therefore, according to Keynesian economists, consumption is a passive component of aggregate demand. In the early 1990s ...

A consortium led by Elon Musk said on Monday (Feb 10) it has offered US$97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial ...

This repository makes available the Python version of Chris Sims gensys algorithm to broader community. The gensys algorithm solves a linear rational expectations model. I show how the algorithm can ...