All Outputs (3)

Behavioural New Keynesian models (2018)
Journal Article
Levine, P., & Jump, R. C. (2019). Behavioural New Keynesian models. Journal of Macroeconomics, 59, 59-77. https://doi.org/10.1016/j.jmacro.2018.11.002

© 2018 This paper provides a bird's eye view of the behavioural New Keynesian literature. We discuss three key empirical regularities in macroeconomic data which are not accounted for by the standard New Keynesian model, namely, excess kurtosis, stoc... Read More about Behavioural New Keynesian models.

Agent-based macroeconomics and dynamic stochastic general equilibrium models: Where do we go from here? (2018)
Journal Article
Dilaver, O., Jump, R., & Levine, P. (2018). Agent-based macroeconomics and dynamic stochastic general equilibrium models: Where do we go from here?. Journal of Economic Surveys, 32(4), 1134-1159. https://doi.org/10.1111/joes.12249

© 2018 John Wiley & Sons Ltd. Agent-based computational economics (ACE) has been used for tackling major research questions in macroeconomics for at least two decades. This growing field positions itself as an alternative to dynamic stochastic gene... Read More about Agent-based macroeconomics and dynamic stochastic general equilibrium models: Where do we go from here?.

Inequality and aggregate demand in the is-lm and is-mp models (2018)
Journal Article
Jump, R. C. (2018). Inequality and aggregate demand in the is-lm and is-mp models. Bulletin of Economic Research, 70(3), 269-276. https://doi.org/10.1111/boer.12134

© 2017 Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd This paper presents an extension to the textbook IS-LM and IS-MP models that allows the short run effects of an increase in household income inequality to be st... Read More about Inequality and aggregate demand in the is-lm and is-mp models.