Tag: Economic Theory and Policy
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.
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.
Fiscal contraction is 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.
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.
Off-balance-sheet finance reshapes green industrial policy in Europe
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How EU fiscal constraints drive off-balance-sheet financing in green industrial policy, enabled by techno-political coalitions bridging technical expertise and political influence.
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.
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.
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.
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.
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.
