Sign in to use this feature.

Years

Between: -

Subjects

remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline

Journals

Article Types

Countries / Regions

Search Results (42)

Search Parameters:
Keywords = fundamentalist

Order results
Result details
Results per page
Select all
Export citation of selected articles as:
15 pages, 263 KiB  
Article
The Role of Knowledge in the Caliphate System of al-Ghazālī: Is It an Element of Openness or Isolating Fundamentalism?
by Vanessa Breidy
Religions 2025, 16(6), 765; https://doi.org/10.3390/rel16060765 - 13 Jun 2025
Viewed by 981
Abstract
Opening the debate today about the original aims of the caliphate system and the importance of the relationship between religion and politics in the Islamic tradition might look outdated or fundamentalist in a negative sense. Effectively, in today’s global imaginary, such topics are [...] Read more.
Opening the debate today about the original aims of the caliphate system and the importance of the relationship between religion and politics in the Islamic tradition might look outdated or fundamentalist in a negative sense. Effectively, in today’s global imaginary, such topics are mostly related to groups like al-Qaeda and ISIS; however, the original sense of the Islamic political system has little to do with what these groups preach and do. This article aims to highlight that the real raison d’être of the relationship between religion and politics in Islam is none other than the desire and will of a believer to seek true knowledge and live according to it. This search for true knowledge where religion and politics meet is also a place where all spiritualities might find themselves together in a genuine search for the truth. Full article
(This article belongs to the Special Issue Mystical Theology and Muslim-Christian Dialogue—2nd Edition)
16 pages, 237 KiB  
Article
Digital Religion in the Public Sphere: Tehreek-e-Labbaik Pakistan (TLP) and Alternative for Germany (AfD)
by Abdul Basit Zafar and Geneva Catherine Blackmer
Religions 2025, 16(5), 627; https://doi.org/10.3390/rel16050627 - 16 May 2025
Viewed by 1090
Abstract
While digital religion and digital protest can ideally serve the common good, religious nationalist and fundamentalist movements have exploited these tools to disrupt the social fabric and create dangerous political outcomes. This paper examines how religious communicators within Tehreek-e-Labbaik Pakistan (TLP) and Alternative [...] Read more.
While digital religion and digital protest can ideally serve the common good, religious nationalist and fundamentalist movements have exploited these tools to disrupt the social fabric and create dangerous political outcomes. This paper examines how religious communicators within Tehreek-e-Labbaik Pakistan (TLP) and Alternative for Germany (AfD) perceive and enact their responsibility within digital spaces, leveraging the power of “networked communities” and the collective identity of the digital “crowd” to advance their agendas of religious fundamentalism and political conservatism. Bypassing traditional media, groups like the AfD and TLP exploit digital religion to build communities, spread propaganda that merges religion with national identity, frame political issues as religious mandates, and mobilize collective action. Campbell’s concept of the “networked community” demonstrates how digital technologies form decentralized, fluid, and global religious communities, distinct from traditional, geographically bound ones. Both the TLP and AfD have tapped into this new digital religious space, shaping and mobilizing political and religious identities across virtual borders. Gerbaudo’s idea of the “digital crowd” complements this by examining how collective action in the digital age reshapes mass mobilization, with social media transforming how political movements operate in the 21st century. Although the AfD’s platform is not overtly religious, the party strategically invokes ethno-Christian identity, framing opposition to Islam and Muslim immigration as a defense of German cultural and Christian values. Similarly, the TLP promotes religious nationalism by advocating for Pakistan’s Islamic identity against secularism and liberalism and calling for strict enforcement of blasphemy laws. Recognizing digital spaces as tools co-opted by religious nationalist movements, this paper explores how communicators in these movements understand their responsibility for the social and long term consequences of their messages. Using Luhmann’s systems theory—where communication is central to social systems—this paper analyzes how the TLP and AfD leverage individuals’ need for purpose and belonging to mobilize them digitally. By crafting emotionally charged experiences, these movements extend their influence beyond virtual spaces and into the broader public sphere. Finally, this paper will reflect on the theological implications of these dynamics both on and offline. How do religious communicators in digital spaces reconcile their theological frameworks with the social impact of their communication? Can digital religious communities be harnessed to foster social cohesion and inclusivity instead of exacerbating social divisions? Through this lens, the paper seeks to deepen our understanding of the intersection between digital religion, political mobilization, and theological responsibility in the digital age. Full article
14 pages, 221 KiB  
Article
Islamic Fundamentalism and the Political Systems of North African States Before the Arab Spring
by Radoslaw Bania
Religions 2025, 16(5), 603; https://doi.org/10.3390/rel16050603 - 9 May 2025
Viewed by 554
Abstract
Before the Arab Spring erupted at the turn of 2010 and 2011, Islamic fundamentalism had long played a significant role in the political and social landscapes of the Middle East and North Africa (MENA) region. Often associated with groups advocating for a return [...] Read more.
Before the Arab Spring erupted at the turn of 2010 and 2011, Islamic fundamentalism had long played a significant role in the political and social landscapes of the Middle East and North Africa (MENA) region. Often associated with groups advocating for a return to a strict and literal interpretation of Islamic principles, Islamic fundamentalism manifested in various movements, ideologies and violent insurgencies. These movements aimed to shape governance, challenge existing regimes and resist Western influence. The decades leading up to the Arab Spring saw a rise in both peaceful political Islamist movements and militant groups with more radical objectives. Islamic fundamentalist organisations have played varied and significant roles in the political systems of North African states. From the peaceful reformist agendas of the Muslim Brotherhood in Egypt and Ennahda in Tunisia to the radical insurgencies of the LIFG in Libya and the GIA in Algeria, these organisations have shaped political discourse, challenged authoritarian regimes and represented the discontent of marginalised populations. In some cases, such as in Morocco, Islamist groups have found ways to work within the political system, while in others, they have been pushed into violent opposition. The impact of Islamic fundamentalist organisations before and after the Arab Spring reveals their enduring influence on North Africa’s political landscape. Full article
15 pages, 696 KiB  
Article
The Happiness Group and the Baptism Competition: How a Gospel-Spreading Program Led to Failure
by Wenwen Chen
Religions 2025, 16(3), 382; https://doi.org/10.3390/rel16030382 - 17 Mar 2025
Viewed by 924
Abstract
This article presents a case study that examines why a seemingly effective evangelistic strategy failed within the Sien Church in Wenzhou, China. By tracing the implementation of the religious ministry, it argues that the patriarchal leadership style, goal-oriented strategy, and emphasis on public [...] Read more.
This article presents a case study that examines why a seemingly effective evangelistic strategy failed within the Sien Church in Wenzhou, China. By tracing the implementation of the religious ministry, it argues that the patriarchal leadership style, goal-oriented strategy, and emphasis on public impression management ultimately undermined the church’s original mission. The pursuit of efficiency and an obsession with numbers created new pressures and anxieties among various teams, transforming the Sien Church’s evangelistic plan into a target-driven competition focused on “baptism numbers” and “conversion rates”. Furthermore, fundamentalist teachings, intertwined with the church’s disciplinary structures, collectively fueled this baptism competition. Finally, the article situates the failure of the gospel project within a broader cultural context and local community. Full article
Show Figures

Figure 1

24 pages, 3089 KiB  
Article
A Qualitative Study of Digital Religious Influence: Perspectives from Christian, Hindu, and Muslim Gen Y and Gen Z in Mumbai, India
by Clyde Anieldath Missier
Religions 2025, 16(1), 73; https://doi.org/10.3390/rel16010073 - 13 Jan 2025
Cited by 2 | Viewed by 4905
Abstract
This study addresses how religious affective content in digital media influences epistemic authority, social imaginaries, and religious beliefs. It draws on data from 64 in-depth interviews with Generation Y and Generation Z individuals with a higher-education background who identified as Christian, Muslim, or [...] Read more.
This study addresses how religious affective content in digital media influences epistemic authority, social imaginaries, and religious beliefs. It draws on data from 64 in-depth interviews with Generation Y and Generation Z individuals with a higher-education background who identified as Christian, Muslim, or Hindu, conducted in Mumbai, India. While influencers are increasingly playing a significant role in the daily lives of the respondents, the impact of family on religious behavior appears to be more substantial than the epistemic sources on social media. In this context, accrued social capital can help individuals develop resilience or resistance to online disinformation, hate speech, and radicalization. Furthermore, while individuals exhibited animosity toward politicians and journalists, they also expressed nationalist attitudes, e.g., a shared Indian identity and common cultural capital, which may serve as ‘superglue’ for living peacefully in the current climate shaped by religious fundamentalist movements. In general, this field study contributes to the ongoing scholarly growth of the interdisciplinary focus of digital religion studies, and particularly on the impact of the social media domain on fundamentalist beliefs. Full article
(This article belongs to the Section Religions and Humanities/Philosophies)
Show Figures

Figure 1

14 pages, 266 KiB  
Article
A Kashmiri Woman Stuck in Crossfire: Exploring the Impact of Militarisation on Everyday Lives in Farah Bashir’s Rumours of Spring
by A. S. Adish and Reju George Mathew
Religions 2024, 15(8), 970; https://doi.org/10.3390/rel15080970 - 10 Aug 2024
Viewed by 1983
Abstract
Political conflict has plagued Kashmir, a Muslim-majority region of Hindu-majority India, ever since the partition. The crisis worsened by the end of the 1980s and has continued to disrupt peace in the valley to date. The conflict arguably entered a new phase as [...] Read more.
Political conflict has plagued Kashmir, a Muslim-majority region of Hindu-majority India, ever since the partition. The crisis worsened by the end of the 1980s and has continued to disrupt peace in the valley to date. The conflict arguably entered a new phase as the Hindu nationalist Bharatiya Janata Party (BJP) was elected to power in 2014, which also joined the ruling coalition of the Jammu and Kashmir state in 2015 for the first time. Over this period, Kashmir’s resistance evolved into subtler forms, including cultural expressions like memoirs. Published in 2021, Farah Bashir’s debut work, Rumours of Spring, is a deeply personal yet undeniably political exploration of the crisis in Kashmir from its aggravated phase in the beginning of the 1990s. This paper argues that the nuanced depiction of the crisis in the memoir demands an intersectional reading of the traumatising impact of militarisation and militarism on Kashmir’s everyday life, especially given the subject position of the narrator as a Muslim woman. The works on militarisation by Jacklyn Cock, as employed by Samreen Mushtaq to analyse the situation in Kashmir, provide theoretical insights for this reading. Set in Kashmir’s identitarian conflict, the Muslim identity is central to the narrative. We argue that in Bashir’s memoir, religion finds a complex representation, with the Qur’an and Kashmiri folklore serving as respites in times of crisis, even as the fundamentalist factions contribute to their oppressive reality. Bashir’s work openly engages with the experience of being a Muslim in Hindu India. The paper also attempts to place the work in a larger corpus of life-writing by women in conflict zones, comparing the work with Sharon and My Mother-in-Law: Ramallah Diaries (2003), a Palestinian memoir by Suad Amiry. Full article
(This article belongs to the Special Issue Indian Muslims amidst Hindutva Politics)
15 pages, 258 KiB  
Article
Early Biblical Fundamentalism’s Xenophobic Rejection of the Subject in European Philosophy: How Rejecting the Knowing Subject Formed Fundamentalism’s Way of Thinking
by Matthew C. Ogilvie
Religions 2024, 15(7), 790; https://doi.org/10.3390/rel15070790 - 28 Jun 2024
Viewed by 1000
Abstract
This article is part of a wider project that addresses gaps in the scholarly knowledge of the philosophical and theological foundations of the Biblical Fundamentalism that originated in North America. Through exploring the relevant literature, including primary sources from within Fundamentalism, the article [...] Read more.
This article is part of a wider project that addresses gaps in the scholarly knowledge of the philosophical and theological foundations of the Biblical Fundamentalism that originated in North America. Through exploring the relevant literature, including primary sources from within Fundamentalism, the article examines the anti-European sentiment in early Fundamentalism and how this sentiment led to a rejection of philosophical values associated with Europe, especially with Germany. The article will show that anti-European, especially anti-German, sentiment bolstered Fundamentalism’s rejection of subjectivity in thinking, and even its rejection of human subjects themselves. In the place of subjectivity associated with European philosophy, Fundamentalism embraced an extreme objectivity that claimed the heritage of Reid and Bacon but eliminated subjectivity from the Fundamentalist horizon. This article thus shows how Fundamentalism radically opposes God and human beings, and faith and philosophy, with the resulting way of thinking that can be characterised as “naïve realism”, an approach to thinking that excludes the active thinking subject and does not allow for critical judgement or personal understanding. Full article
(This article belongs to the Special Issue Continental Philosophy and Christian Beliefs)
9 pages, 367 KiB  
Essay
Religion and Violence: Help from the Egyptian Desert
by Stuart E. Parsons
Religions 2024, 15(6), 723; https://doi.org/10.3390/rel15060723 - 13 Jun 2024
Viewed by 833
Abstract
Support for political violence by fundamentalist religious movements is both wide-spread and problematic, and now especially in Christian fundamentalist circles. To address this, this essay describes important components of the sophisticated ascetic and contemplative theory of spirituality of the fourth-century desert Christian spiritual [...] Read more.
Support for political violence by fundamentalist religious movements is both wide-spread and problematic, and now especially in Christian fundamentalist circles. To address this, this essay describes important components of the sophisticated ascetic and contemplative theory of spirituality of the fourth-century desert Christian spiritual master Evagrius of Pontus. Then, based on his theory, this essay offers guidance to modern-day Christian and non-Christian clergy who want to avoid alienating their congregations through partisan political stances, but who nevertheless seek to reduce those mental, emotional, and relational pathologies in their congregations which predispose passive and active support for political violence. Full article
(This article belongs to the Special Issue Religions and Violence: Dialogue and Dialectic)
19 pages, 2306 KiB  
Article
‘The Last Bastion of Evangelicalism in Europe?’ Evangelicalism and Religiosity in Northern Ireland
by Gladys Ganiel and Emma Soye
Religions 2024, 15(6), 696; https://doi.org/10.3390/rel15060696 - 4 Jun 2024
Cited by 1 | Viewed by 2111
Abstract
This article explores whether or to what extent Northen Ireland—long-noted for its unusually high levels of religiosity—remains, as the late preacher-politician Rev Ian Paisley (d. 2014) described it: the last bastion of evangelicalism in Europe. It presents the results of two major polls [...] Read more.
This article explores whether or to what extent Northen Ireland—long-noted for its unusually high levels of religiosity—remains, as the late preacher-politician Rev Ian Paisley (d. 2014) described it: the last bastion of evangelicalism in Europe. It presents the results of two major polls conducted in 2023, which together provide the most comprehensive picture of religion in Northern Ireland in two decades. The polls were a representative survey of Northern Ireland, carried out by a professional research company, and a self-selecting online questionnaire distributed by the Evangelical Alliance in Northern Ireland. The data confirm continued high levels of religiosity, with 50 percent of the general population reporting that they are practising Christians. Surprisingly, 38 percent of practising Catholics self-identify as evangelical—up from six percent in a 2004 survey. Men are more likely to identify as evangelical than women, and young practising Christians (18–34) are more likely to identify as evangelical than other age groups. As expected, evangelicals hold more morally/socially conservative views on a range of issues. We also develop a new four-fold typology to describe evangelicals in Northern Ireland: broad-church evangelicals, classic evangelicals, Catholic evangelicals, and ex-vangelicals (those who were once evangelical but no longer identify as such). Full article
Show Figures

Figure 1

13 pages, 266 KiB  
Article
“She Is the Seminary”: The Life and Ministry of Dr. Olive L. Clark (1894–1989), Canadian Fundamentalist Educator
by Taylor Murray
Religions 2024, 15(4), 490; https://doi.org/10.3390/rel15040490 - 16 Apr 2024
Viewed by 1604
Abstract
This article explores the life and contributions of Dr. Olive L. Clark (1894–1989), a long-time faculty member at the fundamentalist Toronto Baptist Seminary (TBS). In the 1920s, Clark sided with the fundamentalists and became a vocal critic of the Baptist Convention of Ontario [...] Read more.
This article explores the life and contributions of Dr. Olive L. Clark (1894–1989), a long-time faculty member at the fundamentalist Toronto Baptist Seminary (TBS). In the 1920s, Clark sided with the fundamentalists and became a vocal critic of the Baptist Convention of Ontario and Quebec. As the first person to receive a PhD in Classics from the University of Toronto, she was a gifted scholar. In 1928, she became one of the first faculty members at the newly-minted Toronto Baptist Seminary—operated by the prominent fundamentalist leader T. T. Shields—and remained there until her retirement thirty-eight years later. Through those years and even into retirement, she took an active role in the fundamentalist community by training pastors, publishing lesson plans and articles, speaking in various churches, and serving as co-editor of The Gospel Witness newspaper. In the process, she helped guide and shape the movement, both behind the scenes and in visible ways. Full article
(This article belongs to the Special Issue Reclaiming Voices: Women's Contributions to Baptist History)
17 pages, 288 KiB  
Article
When Religious Folk Practice Meet Karl Marx: Courts’ Response to Ghost Marriage in Modern China
by Wenzhang Zhou and Yang Feng
Religions 2023, 14(6), 764; https://doi.org/10.3390/rel14060764 - 9 Jun 2023
Cited by 1 | Viewed by 3134
Abstract
As religious folk practice is regarded as a radical departure from Marxist atheism, the abnormal existence of ghost marriages under the Chinese socialist regime has attracted wide scholarly attention in anthropology and sociology. However, few scholars have focused on how Chinese courts treat [...] Read more.
As religious folk practice is regarded as a radical departure from Marxist atheism, the abnormal existence of ghost marriages under the Chinese socialist regime has attracted wide scholarly attention in anthropology and sociology. However, few scholars have focused on how Chinese courts treat religious folk practices, such as ghost marriages, despite the official socialist ideology. Based on the typological analysis and case study involving 260 ghost marriage cases, the authors argue about the judicial activism of Chinese courts towards atheist ideology in religious folk practices. The findings of this study are twofold. First, the Chinese courts’ attitudes toward ghost marriage cases are pluralistic, reflecting the Chinese legal system’s selective obedience to the socialist ideology. Through the application of different legal interpretations of relevant laws, Chinese courts have shown three attitudes towards ghost marriages: encouragement, tolerance, and suppression. The first two attitudes can be regarded as supportive supervision of religious folk practice. Three factors tended to affect the courts’ attitudes towards ghost marriages: courts’ hierarchical level, parties’ claims, and whether ghost marriage rituals are performed. Second, further analysis suggests that RPC’s guerrilla-style governance strategy in the Chinese legal system allows it to deal with ghost marriage with more flexibility, even overriding its fundamentalist ideology. The guerrilla-style tactic is often used by the Chinese courts to handle matters of religious folk practices in a pluralistic manner. Overall, the courts’ pluralistic attitudes towards ghost marriage is that of modest tolerance and cooperation of religious folk practices based on the RPC’s model of governance. Full article
(This article belongs to the Special Issue Sociology of Law, Human Rights, and Religious Freedom)
12 pages, 2863 KiB  
Article
Coexisting Attractors in a Heterogeneous Agent Model in Discrete Time
by Serena Brianzoni, Giovanni Campisi and Graziella Pacelli
Mathematics 2023, 11(10), 2348; https://doi.org/10.3390/math11102348 - 18 May 2023
Cited by 1 | Viewed by 1276
Abstract
In this paper, the discrete-time version of a continuous-time model with fundamentalists and momentum traders is presented. Our aim consists of studying the impact of cross-sectional momentum traders on the dynamics of the model. To this end, the continuous-time deterministic skeleton of the [...] Read more.
In this paper, the discrete-time version of a continuous-time model with fundamentalists and momentum traders is presented. Our aim consists of studying the impact of cross-sectional momentum traders on the dynamics of the model. To this end, the continuous-time deterministic skeleton of the benchmark model is transformed using sophisticated discretization techniques. It is worth noting that the model does not always maintain the same characteristics after moving from continuous to discrete time. In spite of this, our discrete-time system preserves the dynamic properties of the continuous-time original model. Moreover, heterogeneity introduces an important non-linearity into the market dynamics, causing our deterministic financial model to generate erratic time series similar to the patterns observed in real markets. In particular, we show that the time series originated by the perturbed deterministic system capture some of the main stylized facts of the U.S. financial market. Converting the benchmark model from continuous time to discrete time allows the use of financial data available in discrete time. Full article
(This article belongs to the Section C2: Dynamical Systems)
Show Figures

Figure 1

12 pages, 263 KiB  
Article
Cyberterrorism and Religious Fundamentalism: New Challenges for Europe in the Age of Universal Internet Access
by Silvia Baldassarre
Religions 2023, 14(4), 458; https://doi.org/10.3390/rel14040458 - 29 Mar 2023
Cited by 1 | Viewed by 3192
Abstract
Digital technology is now a fundamental and indispensable component of daily life. While the great opportunities offered by cyberspace are undoubted, the growing security challenges and threats it brings should not be overlooked. Cyberspace, by its nature transnational and elusive regarding forms of [...] Read more.
Digital technology is now a fundamental and indispensable component of daily life. While the great opportunities offered by cyberspace are undoubted, the growing security challenges and threats it brings should not be overlooked. Cyberspace, by its nature transnational and elusive regarding forms of control, is useful to terrorism because it allows not only the propaganda of fundamentalist doctrines but also the creation and manipulation of information; the apology and dissemination of information instrumental to the processes of radicalisation; the use of devices capable of transversally violating the security of technical and virtual infrastructures that are critical to the security of nations; the operational planning of terrorist activities; and the recruitment, financing, and training of recruits. The so-called “new terrorism”, religiously motivated, makes extensive use of the digital tool. After an excursus concerning the use of cyberspace by religious fundamentalist groups and the transformation of religiously motivated terrorism, this paper focuses on the analysis of the European legal response and on the need for global and shared European action. Full article
(This article belongs to the Special Issue Law and Religion in Europe in an Age of Fear and Insecurity)
16 pages, 276 KiB  
Article
Fear God, Not COVID-19: Is Conservative Protestantism Associated with Risky Pandemic Lifestyles?
by John P. Bartkowski, Katherine Klee, Terrence D. Hill, Ginny Garcia-Alexander, Christopher G. Ellison and Amy M. Burdette
Healthcare 2023, 11(4), 582; https://doi.org/10.3390/healthcare11040582 - 15 Feb 2023
Cited by 4 | Viewed by 2477
Abstract
Previous research has established attitudinal and behavioral health variations in relation to the COVID-19 pandemic, but scholarship on the religious antecedents associated with these outcomes has only recently gained momentum. Rhetoric from some leading conservative Protestants in the U.S. has underplayed the threat [...] Read more.
Previous research has established attitudinal and behavioral health variations in relation to the COVID-19 pandemic, but scholarship on the religious antecedents associated with these outcomes has only recently gained momentum. Rhetoric from some leading conservative Protestants in the U.S. has underplayed the threat of the pandemic and may have contributed to unhealthy pandemic behaviors within this faith tradition. Moreover, previous inquiries have revealed that conservative Protestantism’s otherworldly focus can thwart personal and community health. We use nationally representative data to test the hypotheses that, compared with other religious groups and the non-religious, conservative Protestants will tend to (1) perceive the pandemic as less threatening and (2) engage in riskier pandemic lifestyles. These hypotheses are generally supported net of confounding factors. We conclude that affiliation with a conservative Protestant denomination can undermine public health among this faith tradition’s adherents and may therefore compromise general health and well-being during a pandemic. We discuss the implications of these findings, offer recommendations for pandemic health promotion among conservative Protestants, and delineate promising avenues for future research on this important topic. Full article
(This article belongs to the Special Issue Narrative in Health and Social Care)
17 pages, 2480 KiB  
Article
The Specific Behavior of Economic Agents with Heterogeneous Expectations in the New Keynesian Model with Rigid Prices and Wages
by Leonid Serkov and Sergey Krasnykh
Mathematics 2023, 11(4), 796; https://doi.org/10.3390/math11040796 - 4 Feb 2023
Cited by 3 | Viewed by 2201
Abstract
The purpose and scientific novelty of this work is to analyze the changes and features of economic agents’ behavior when incorporating wage rigidity into a new Keynesian model under cognitive constraints of agents. The working hypothesis is the assumption that the forecasting of [...] Read more.
The purpose and scientific novelty of this work is to analyze the changes and features of economic agents’ behavior when incorporating wage rigidity into a new Keynesian model under cognitive constraints of agents. The working hypothesis is the assumption that the forecasting of the output gap, inflation of prices and wages occurs with the help of fundamentalist and extrapolation rules. The first rule is based on forecasting the variables under study on the basis of their stationary values. The second rule is based on extrapolation of the latest available data on inflation and the output gap. The weight shares of agents applying these heuristic rules change endogenously, which is the source of endogenous waves of optimism and pessimism. An analysis of the impulse responses of interest rate and technology shocks suggests that a more flexible economy (an economy with flexible wages and rigid prices) is less prone to a spike in the economic cycle caused by waves of optimism and pessimism than a more rigid economy (an economy with rigid prices and wages) due to the inability of agents to respond immediately to exogenous disturbances in rigid conditions. Thus, these shocks cause wave effects in the economy, i.e., cyclical movements, i.e., a rigid economy will be more prone to booms and busts caused by alternating optimism and pessimism than a flexible economy. The model with an imperfect labor market is characterized by an increased concentration of vital forces at the values of 0 and 1, as well as in the mid-distribution compared to the base model. This feature provides a key explanation for the abnormal dynamics of the evolution of variables in this model. It is concluded that the difference between the degree of optimism and pessimism in the base model and in the model with rigid wages and prices is the full trust of agents in the central bank in targeting wage inflation in the absence of the stabilization of this inflation by the bank. Full article
(This article belongs to the Special Issue Mathematical Modelling of Economics and Regional Development)
Show Figures

Figure 1

Back to TopTop