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The case for Neo-Keynesianism: in defence of the welfare state
International Studies in Sociology of Education, 2013Neoliberalism is the dominant economic paradigm in the globe today. It has led to stagnant wages, high unemployment, increased income inequality and a decline in quality of life for the average citizen in the industrialised world over the past 30 years.
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A Neo-Keynesian Theory of Growth Cycle
1974In analyzing business cycles, economists have usually come to graspe the phenomenon in terms of cyclical fluctuations in the absolute values of economic variables, such as output and prices. And economic statisticans decompose economic time-series into its cyclical and time-trend parts, investigating each seperately.
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Market clearing with some neo-Keynesian features
Journal of Macroeconomics, 2007Abstract The dynamics of a closed, constant returns, multimarket, monopolistically competitive economy in market clearing equilibrium are examined under two triggers for change: the advent of a new technology and a change in relative prices of inputs. Both warrant costly adjustment in input quantities.
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Neo‐Keynesian Macroeconomic Policy is Throttling Britain
Economic Affairs, 2000British policy‐makers are crippled by a fixation with interest rates as the main economic regulator. High interest rates produce numerous distortions, including an over‐valued pound. The only way to reduce inflation is to cut government spending.
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Neo-Keynesian Criticisms of Neo-classical Theory
1979Chapter 3 showed how, in the mid-1950s, neo-classical growth theory emerged from the view that for long-run analysis it was appropriate to relax the Harrod-Domar assumption of fixed coefficients, legitimate to ignore Keynesian problems, and natural to assume that prices and distribution are determined by the equilibration of competitive product and ...
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The monetarist versus the neo-Keynesian views on inflation
Economics Letters, 1985Abstract This empirical inquiry investigates the relative merits of the monetarist and the neo-Keynesian hypotheses regarding the behavior of inflation in the Italian economy over the 1955–1983 period. Based on testing three alternative dynamic models that have been proposed in the literature, the empirical results support the monetarist proposition ...
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The Neo-Keynesian school: Some internal controversies
Atlantic Economic Journal, 1987Scope of the Paper The debate over Keynes' General Theory, still raging 50 years after its publication, has recently occasioned yet further attempts to classify interpretations in terms of schools or lines of thought identified on analytical and ideological grounds [Coddington, 1983].
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MODERN TRANSFORMATION OF THE NEO-KEYNESIAN MACROECONOMIC MODEL
SOFT MEASUREMENTS AND COMPUTINGThe fundamentals of modern economic theory are considered. Studies of models traditionally used in macroeconomics based on wellknown economic laws have been conducted. Based on a brief overview and analysis of such models, an attempt has been made to identify their weaknesses and draw attention to some conclusions that had not previously been ...
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