Focal Interest
Focal Interest

Economic Theory and Policy

External reference: https://openalex.org/T11742

  1. Rapid carbon pricing can create macro-financial instability
    Integrated modeling shows rapid decarbonization via carbon pricing creates macro-financial risks, treatable through coordinated climate and economic stabilization policies.
  2. Lending creates deposits, according to a historical re-examination
    Examines how late 19th-century economic scholarship explains deposit creation through bank lending, challenging modern interpretations of the mechanism.
  3. Fiscal contraction linked to lower NPLs in the long run
    Study shows fiscal consolidation reduces non-performing loans long-term but increases them temporarily, using bank data from Guyana. Oil prices and efficiency matter most.
  4. The article argues current money systems hinder sustainability
    Explore Gesell's natural economic order as a solution to monetary system design flaws causing inequality, unemployment, and financial crises while enabling sustainable human-scale development.
  5. U.S. policy easings strengthened the dollar during the Great Recession
    Forward guidance monetary policy easings appreciated the dollar during the Great Recession through flight-to-safety effects and inflation expectations, contradicting interest rate parity.
  6. Off-balance-sheet finance reshapes green industrial policy in Europe
    How EU fiscal constraints drive off-balance-sheet financing in green industrial policy, enabled by techno-political coalitions bridging technical expertise and political influence.
  7. Peru mining GDP and terms of trade show a stable long-run link
    Analysis of Peru's mining sector reveals stable long-run equilibrium with global prices, yet slow adjustment to shocks reflects structural rigidity beyond commodity cycles.
  8. Financial development and growth show an inverted-U pattern
    Endogenous growth model showing financial development creates opposing effects on growth through improved funding access and increased R&D competition for limited innovation resources.
  9. European banking crisis spread to Argentina through bank branches
    Analysis of how the 1931 European banking crisis spread to Argentina through European bank subsidiaries, reshaping understanding of Great Depression contagion to developing economies.
  10. US inflation model was not robust from 2002 to 2024
    Econometric analysis of Post Keynesian inflation model using 2002–2024 U.S. data finds diminished robustness and weakened wage-cost relationships during pandemic era.
  11. Domestic credit supports Nepal's long-run economic growth
    ARDL analysis of Nepal's economic growth reveals domestic credit impacts GDP only long-term, while capital formation and exports drive growth across both timeframes, 1992-2023.
  12. Inflation weakens the sovereign-bank doom loop
    Study examines how inflation and money supply influence the sovereign-bank relationship and the debt-lending feedback loop using quantile VAR analysis.
  13. Morocco’s bank credit shows short-run inertia, not immediate policy-rate response
    ARDL–ECM analysis reveals limited short-run monetary transmission to bank credit in Morocco, with dynamics driven by prudential and balance-sheet channels rather than interest-rate mechanisms.
  14. Public debt is linked to lower economic growth in Türkiye
    Fourier-ARDL analysis of public debt-growth nexus in Türkiye identifies U-shaped nonlinear relationship with 61-63% threshold, contradicting linear models and conventional growth stimulus rationales.
  15. Theory and realism in economics: Richard R. Nelson, equilibrium and economic change
    Critical examination of Richard R. Nelson's evolutionary economics critique of equilibrium theory and its implications for more realistic economic analysis and methodology.
  16. Portuguese economy shows a rising rate of surplus value
    Empirical estimation of surplus value rates in the Portuguese economy 1995-2022 applying Marx's labor theory of value, revealing rising exploitation particularly during post-2008 austerity.
  17. Partial Integration of Indian Money, Forex, and Equity Markets Post-1991 Reforms: Cointegration Analysis and Vector Error Correction Modelling Using Monthly Time Series from 2015 to 2026
    Cointegration analysis of India's money, forex, and equity markets from 2015–2026 reveals partial integration with policy-constrained transmission and asymmetric adjustment.
  18. Evaluating Central Bank Strategies in Curbing Inflation While Sustaining Growth
    Analysis of central bank strategies balancing inflation control with growth, examining policy instruments, trade-offs, and framework effectiveness across economies.
  19. EU public employment programmes differed from job guarantee principles
    Analysis of EU public employment programmes during the Great Recession, comparing activation-based labour market policy with Minsky's Job Guarantee framework and recent EU Member State experiments.
  20. Unpacking Rising Inequality: The Roles of Markups, Taxes, and Asset Prices
    Analyze rising inequality in France through markups, taxes, and asset prices using heterogeneous-agent modeling to decompose drivers of income and wealth concentration.