Search Results - economics

Neoliberalism, Keynesian economics, and responding to today’s inflation

Stiglitz, Joseph E. - In: Review of Keynesian economics 12 (2024) 1, pp. 1-26

Persistent link: https://www.econbiz.de/10014504905

Post-Neoliberal Globalization : International Trade Rules for Global Prosperity

Guzman, Martín; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024

This paper analyzes frameworks for the design of the rules for international trading, assuming that it is possible to have some rule of law. In the Arrow-Debreu benchmark, where there is no economic power and political power is seemingly irrelevant, there is no need for trade agreements - free...

Persistent link: https://www.econbiz.de/10014576561

The Economics of Information in a World of Disinformation : A Survey Part 1

Stiglitz, Joseph E.; Kosenko, Andrew - National Bureau of Economic Research - 2024

We survey aspects of the intellectual development of the economics of information from the 1970s to today. We focus … fundamental theorems of welfare economics, the non-existence of competitive equilibrium, and the dependence of the nature of the …

Persistent link: https://www.econbiz.de/10014468249

The Economics of Information in a World of Disinformation : A Survey Part 2

Stiglitz, Joseph E.; Kosenko, Andrew - National Bureau of Economic Research - 2024

The paper surveys the recent work on economics of information with endogenous information structures where individuals …

Persistent link: https://www.econbiz.de/10014468250

Supporting carbon pricing when interest rates are higher

Funke, Franziska; Mattauch, Linus; Douenne, Thomas; … - 2024

To accept carbon pricing, citizens desire viable alternatives to fossil-fuel based options. As inflation and higher interest rates have exacerbated access barriers for capital-intensive green substitutes, the political success of carbon pricing will be measured by how well policy design enables...

Persistent link: https://www.econbiz.de/10014521104

Arguing about tastes : modeling how context and experience change economic preferences

Kreps, David M.; Casella, Alessandra; Stiglitz, Joseph E. - 2024

indeed in a broader sense, the principle of orthodox economics that de gustibus non disputandem est, there is no arguing … for dynamic personal tastes should be a mainstream element of economics, focusing on the interaction between intrinsic … or not accounting for individual preferences is good for the soul of economics." …

Persistent link: https://www.econbiz.de/10014315658

Moral Hazard and Unemployment in Competitive Equilibrium

Rey, Patrick; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024

Principal-agent models take outside options, determining participation and incentive constraints, as given. We construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit are instead determined endogenously. We simultaneously...

Persistent link: https://www.econbiz.de/10014635663

Special issue: macro economics and development

Dosi, Giovanni (ed.); Stiglitz, Joseph E. (ed.) - 2023

Persistent link: https://www.econbiz.de/10014313820

Land Speculation and Wobbly Dynamics with Endogenous Phase Transitions

Hirano, Tomohiro; Stiglitz, Joseph E. - National Bureau of Economic Research - 2022

This paper examines the global macro-dynamics of an OLG model with capital and land with rational expectations. Through the interactions between capital accumulation and land prices, the economy experiences phase transitions, endogenously moving back and forth from situations with unique and...

Persistent link: https://www.econbiz.de/10012938714

Methodological Issues and the New Keynesian Economics

Stiglitz, Joseph E. - 2022

While recent alternative approaches to macroeconomics have all begun with the presumption that macro-economic behavior ought to be derived from micro-economic foundations, they have differed in their views concerning the appropriate micro-foundations. This paper explores some of the key...

Persistent link: https://www.econbiz.de/10013324142

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