Search results for "JEL codes"
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Classifying economics for the common good : a note on the links between sustainable development goals and JEL codes
2021
Purpose This brief note sheds light on the links between Journal of Economic Literature (JEL) codes and the Sustainable Development Goals (SDGs) of the United Nations. Design/methodology/approach Three alternative methods based on keyword overlap to establish links between SDGs and JEL codes are presented. Findings These simple linkages illustrate that the themes of SDGs have corresponding closely related JEL classification codes. Research limitations/implications The mappings presented in this note are based on simple keyword overlap and are therefore necessarily imperfect and incomplete. There is plenty of room for further development. Practical implications Despite the demonstrated possi…
Limits to Arbitrage and Interest Rates: a Debate Between Keynes, Hawtrey and Hicks
2018
International audience; This paper deals with a debate between Hawtrey, Hicks and Keynes concerning the capacity of the central bank to influence the short-term and the long-term rates of interest. Both Hawtrey and Keynes considered the central bank’s ability to influence short-term rates of interest. However, they do not put the same emphasis on the study of the long-term rates of interest. According to Keynes, long-term rates are influenced by future expected short-term rates (1930, 1936), whereas for Hawtrey (1932, 1937, 1938), long-term rates are more dependent on the business cycle. Short-term rates do not have much effect on long-term rates according to Hawtrey. In 1939, Hicks enters …