Results 151 to 160 of about 417 (173)

CLASSICAL, KEYNES' AND NEOCLASSICAL INVESTMENT THEORY—A SYNTHESIS

Oxford Economic Papers, 1986
This paper presents an investment theory for the firm and the indu stry under rational expectations that encompasses: (1) classical capital theory; (2) a solid microeconomic basis for Keynes's investment theory; and (3) traditi onal neoclassical investment theory for the firm.
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The New Neoclassical Synthesis, the Phillips Curve and the Art of Economic Policy

Rivista italiana degli economisti, 2007
The Phillips curve has been at the same time an econometric object, a trade-off curve and an analytical equation representing the aggregate supply in a macro model. The paper considers these aspects as they emerge from the so called new "neoclassical synthesis'' models used for monetary policy. These models, while reviving Hicks' IS-LM apparatus within
FERRI, Pietro Enrico, VARIATO, Anna Maria Grazia   +1 more
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The Neoclassical Synthesis and the Emergence of Heterodox Economics

SSRN Electronic Journal, 2014
After reviewing Samuelson's use of the term "neoclassical synthesis" in relation to both Foundations of Economic Analysis, and his introductory textbook, the paper argues that the use of the term changed as it was taken up by heterodox economists seeking a term to represent the orthodoxy against which they were reacting.
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The New Neoclassical Synthesis and the Monetary Policy

SSRN Electronic Journal, 2004
The new neoclassical synthesis combines ideas of Keynesian and classical economics. It involves the application of intertemporal optimization and rational expectations. These are applied to the analysis of pricing and output decisions in a Keynesian context as well to the consumption, investment and labor supply decisions proper of real business cycle ...
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Neoclassical Development Theory and the Prebisch Doctrine: A Synthesis

The American Economist, 1994
For his search for an alternative development strategy for less developed countries, the late Argentinean economist Raul Prebisch is widely touted as a revolutionary scholar. This paper demonstrates that Prebisch's views differed little from those of typical neoclassical writers.
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J.M. Keynes, Neoclassical Synthesis, New Neoclassical Synthesis and the Crisis: the Current State of Macroeconomic Theory [PDF]

, 2013
The aim of this paper is to describe chronologically the evolution of macroeconomic theory since the publication of the General Theory of J. M. Keynes in 1936 until the most recent macroeconomic developments motivated by the global economic crisis of 2008-2009.
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Credit and Prices in the New Neoclassical Synthesis

2008
CNRS NR; AERES NR ; International ...
Barbaroux, Nicolas, Tobon, A.
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International Adjustment in the New Neoclassical Synthesis [PDF]

, 2007
This paper applies principles of the New Neoclassical Synthesis (NNS) to questions of international trade and financial adjustment. The analytical framework is a 2-country, 2-good, 2-period model designed to explore the behavior of the balance of payments, the terms of trade, and aggregate fluctuations in terms of interest rate and exchange rate ...
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The Keynesian School and the Neoclassical Synthesis

2022
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Credit and Prices in Woodford's New Neoclassical Synthesis

Economic Thought, 2015
Following recent debates on the New Neoclassical Synthesis, the theory of monetary policy has been renewed. The prevailing method, illustrated by Woodford's version of Interest and Prices, is a Dynamic Stochastic General Equilibrium Model in which the old LM curve is voluntarily substituted by an optimal monetary rule.
Alexander Tobon, Nicolas Barbaroux
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