The aim of this study is to develop a feminist Post-Keynesian/Post-Kaleckian model theoretically analyze the effects labor market and fiscal policies on growth employment. develops three-sector gendered macroeconomic with physical social sectors (health, care, education, childcare) in public private economy, an unpaid reproductive sector providing domestic care. It provides theoretical analysis...

In the paper the causal relationships between money and other macroeconomic variables such as output, interest rate, prices and exchange rate in Croatia were analysed. The basic principle of Grangercausality analysis is to test whether past values of monetary variable help to explain current values of output. Multivariate causality tests were performed in a vector autoregression (VAR) model. Th...

The restrictive assumptions imposed by the traditional methods of aggregation prevented so far a sound analysis of complex system of feedback between microeconomic variables and macroeconomic outcomes. This issue seems to be crucial in macroeconomic modelling, in particular for the analysis of financial fragility, as conceived in the Keynesian and New Keynesian literature. In the present paper ...

Submitted: Mar 21, 2013; Accepted: Apr 30, 2013; Published: Jul 27, 2013 Abstract: Management of development is impossible without development of macroeconomic transformations strategy. In modern conditions instability, imbalance of economic system with subsystems and elements which constantly change are inherent in the states. Base of tax regulation strategy is connection of system, synergetic...

We present a stress testing approach based on a dynamic model of default. Retail credit models are implemented using discrete survival analysis which enables macroeconomic conditions to be included directly as time-varying covariates. In consequence, these models can be used for stress testing by determining changes in default given downturn economic scenarios. In particular Monte Carlo simulat...