Results 171 to 180 of about 29,880 (210)

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
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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
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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
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Monetary Policy in the New Neoclassical Synthesis: A Primer [PDF]

open access: possibleInternational Finance, 2002
This primer provides an understanding of the mechanics and objectives of monetary policy using a benchmark new neoclassical synthesis (NNS) macromodel. The NNS model incorporates classical features such as a real business cycle (RBC) core and Keynesian features such as monopolistically competitive firms and costly price adjustment.
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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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