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Money and Information in a New Neoclassical Synthesis Framework [PDF]

open access: yesThe Economic Journal, 2010
We consider an (otherwise standard) New Neoclassical Synthesis theoretical framework that allows a role for money. Money in our model has an informational role which facilitates the estimation of the unobserved shocks that drive potential output and thus the state of the economy.
Arestis, Philip   +2 more
openaire   +6 more sources

Establishments Dynamics, Vacancies and Unemployment: A Neoclassical Synthesis [PDF]

open access: yesSSRN Electronic Journal, 2009
This paper develops a Walrasian equilibrium theory of establishment dynamics and matching frictions and uses it to analyze business cycle fluctuations. Two scenarios are considered: one in which the matching process is subject to congestion externalities and another in which it is not.
Marcelo Veracierto
openaire   +5 more sources

The origin and development of economic hermeneutics inside Soviet Marxism and neoclassical synthesis [PDF]

open access: yesИзвестия Саратовского университета. Новая серия: Серия «Экономика. Управление. Право», 2023
Introduction. This article is an analysis of the factors of the emergence and development of economic hermeneutics. The stereotypical ideas about the total ideological unification of political economy in the USSR during the period of Soviet Marxism ...
Fenin, Cyril V.
doaj   +1 more source

The Metaphysics of Theism: A Classical and Neo-Classical Synthesis

open access: yesReligions, 2021
This article aims to provide a metaphysical elucidation of the notion of Theism and a coherent theological synthesis of two extensions of this notion: Classical Theism and Neo-Classical Theism.
Joshua Reginald Sijuwade
doaj   +1 more source

The theory of employment: two approaches compared

open access: yesPSL Quarterly Review, 2014
Introducing the publication of a long 1956 letter by Franco Modigliani (FM) to Paolo Sylos Labini (PSL) on the draft of PSL’s book, Oligopoly and Technical Progress, the paper critically reviews the theoretical background of FM’s comments, showing how ...
Alessandro Roncaglia
doaj   +3 more sources

Neoclassical Growth Accounting and Frontier Analysis: A Synthesis [PDF]

open access: yesJournal of Productivity Analysis, 2000
The standard measure of productivity growth is the Solow residual.Its evaluation requires data on factor input shares or prices.Since these prices are presumed to match factor productivities, the standard procedure amounts to accepting at face value what is supposed to be measured.In this paper we determine total factor productivity growth without ...
Ten Raa, T., Mohnen, P.
openaire   +6 more sources

Los precios en la nueva síntesis neoclásica-keynesiana en macroeconomía [PDF]

open access: yesLecturas de Economía, 2008
The aim of this paper is to study the role that prices play in the New Neoclassical Synthesis. It is shown that although the New Synthesis emphasizes the importance of having a monetary theory to recommend monetary policies, it essentially offers the ...
Alexander Tobón
doaj   +1 more source

Paul Anthony Samuelson and his work (on the hundredth anniversary of his birth)

open access: yesEkonomia i Prawo, 2016
Aim: The purpose of this article is an attempt to systematise and evaluate the achievements of the American Nobel laureate in economic sciences and co-founder of ‘neoclassical synthesis’ — P.A.
Mirosław Bochenek
doaj   +1 more source

A letter to Sylos Labini

open access: yesPSL Quarterly Review, 2014
The letter, dated 14 September 1956, starts a decade long correspondence between Franco Modigliani and Paolo Sylos Labini. Here Modigliani discusses at length a first draft of Sylos Labini’s book on oligopoly theory.
Franco Modigliani
doaj   +3 more sources

The sweet-and-sour soup of Michał Kalecki's political economy

open access: yesInternational Journal of Management and Economics, 2020
Leszek Jasiński [2019] attempts, as the title indicates, “a reading after half a century” of Michał Kalecki's thought. We dispute the main claim in the book, i.e.
Sulejewicz Aleksander
doaj   +1 more source

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