Results 151 to 160 of about 29,994 (204)

Fiscal Policy in the New Neoclassical Synthesis

Journal of Money, Credit, and Banking, 2003
We analytically derive the cyclical effects of fiscal policy shocks in a New Neoclassical Synthesis model. Price stickiness has the consequence that a rise in government demand affects labor demand, while at the same time the usual wealth effect boosts labor supply.
Ludger Linnemann, Andreas Schabert
openaire   +3 more sources

Credit booms, monetary integration and the new neoclassical synthesis

Journal of Banking & Finance, 2008
Abstract Credit to the private sector has risen rapidly in many new Central and Eastern European EU Member States (nMS) in recent years. The lending boom has recently been particularly strong in the segment of loans to households, primarily mortgage-based housing loans, and in those countries that operate currency boards or other forms of hard pegs ...
Peter Backé, Cezary Wójcik
openaire   +3 more sources

The Neoclassical Synthesis in Crisis

International Journal of Social Economics, 1979
This article attempts to provide an institutionalist analysis and diagnosis of the current crisis of orthodox economics. We shall, first, characterise the predominant opinion in economics—the neoclassical synthesis. Next, we examine the anomalies which are currently vexing orthodox opinion and their power to provoke a period of crisis and extraordinary
openaire   +1 more source

Pre-Keynesian roots of the neoclassical synthesis

Cahiers d'économie politique, 1985
Cet article effectue une comparaison entre l'approche pré-keynésienne de la théorie du revenu et de l'emploi et la synthèse néo-classique, ainsi que l'approche monétariste (représentées respectivement par Pigou, Modigliani et Friedman). Sur la base de cette comparaison, on soutient que l'approche pré-keynésienne et la synthèse néo-classique ont en ...
Roncaglia, Alessandro   +1 more
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Neoclassical Synthesis and Keynesian Development

2020
This chapter initially presents the Neoclassical Synthesis through its main interpreters (Hicks, Modigliani, Solow, Tobin, and Samuelson). Thereafter, the Keynesians’ approach is described and how effective demand, capital distribution, and accumulation are perceived as sources of growth.
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The Failure of the Neoclassical Synthesis

1996
Keynes and the protagonists of Regulated Capitalism where not unaware of the role of government, but underrated its function when more and more collective services became necessary to sustain the increasingly complex economic structure, and they overrated its powers to exercise control over an economy which was rapidly becoming internationalized. Their
Y. S. Brenner, N. Brenner-Golomb
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Graphical Analysis of the New Neoclassical Synthesis

SSRN Electronic Journal, 2006
In this paper we present a graphical analysis framework for the new neoclassical synthesis, which can be used to explain and interpret the behavior of the new neoclassical model under shocks. We elaborate the role of expectations on output and inflation as well as the influence of the monetary authority.
Guido Giese, Helmut Wagner
openaire   +1 more source

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