Explore John R. Hicks' impact on economics, including his Nobel-winning work in general equilibrium and welfare theory, and his contributions to microeconomics.

Discover the concept of underemployment equilibrium in economics, its effects on unemployment rates, and why it persists. Explore Keynesian insights into economic downturns.

The Heterogeneous-Agent New Keynesian literature has revisited the transmission of monetary and fiscal policy to consumption using models where heterogeneous households face idiosyncratic income risk ...

One reason the tariff taxes didn’t cause overall inflation is that the rest of the pro-growth Trump agenda — tax cuts, ...

One of the truths revealed by the debate over the fiscal cliff is that lawmakers in Washington are in bitter disagreement over the cause of and solution to our economic malaise. There is the Keynesian ...

Scientists at HSE University have found that current AI models, including ChatGPT and Claude, tend to overestimate the ...