A two-dimensional non-equilibrium dynamic model [PDF]
, 2007 This paper develops a non-equilibrium dynamic model (NEDyM) with Keynesian features (it allows for a disequilibrium between output and demand and it considers a constant marginal propensity to consume), but where production is undertaken under plain ...
Gomes, Orlando
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Economics Beyond the Neoclassical Synthesis Rediscovering Keynes’s Enterprise [PDF]
History of Economics Review, 1996 This paper has two central themes. One is that to make sense of the results of work in mathematical economics over the past twenty years- the incredible richness of the models now being produced, the wide diversity of their policy implications and the evident failings of the welfare foundations of modern economics- requires an understanding of the ...
openaire +1 more source
Two Different Views on Monetary Policy Impact: The New Consensus and Post-Keynesian Economics [PDF]
Theoretical and Applied Economics, 2007 The objective of this study is to make a synthesis of the differences between two new macroeconomic views. A New Consensus has arisen among neoclassical and New-Keynesian economists, such as Romer, Taylor and Walsh.
Marius-Corneliu Marinas
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The History of Macroeconomics Viewed Against the Background of the Marshall-Walras Divide [PDF]
Analysing the recent history of macroeconomics, my paper claims that the new classical revolution should be viewed as a substitution of Walrasian macroeconomics to the earlier prevailing Marshalian macroeconomics. The first part of the paper is concerned
Michel, DE VROEY
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Precios inflexibles y la gran depresión Inflexible prices and the great depression
Cuadernos de Economía, 2000 Este articulo expone la teoria y la tesis de precios administrados de Gardiner Means, analiza sus efectos sobre la gran depresion y presenta las criticas y propuestas de los defensores de la teoria neoclasica. Revisa empiricamente la propuesta de Means y
Lee Frederick S.
doaj
Money and value: a synthesis of the state theory of money and original institutional economics [PDF]
The Journal of Philosophical Economics, 2013 The paper proposes a synthesis of original institutional economics and in particular of the work of John R. Commons with the state theory of money, constructing a theoretical framework for the analysis of economic value in relation to money. The argument
Georgios Papadopoulos
doaj
The Design of Financial Systems: Towards a Synthesis of Function and Structure [PDF]
This paper proposes a functional approach to designing and managing the financial systems of countries, regions, firms, households, and other entities. It is a synthesis of the neoclassical, neo-institutional, and behavioral perspectives.
Robert C. Merton, Zvi Bodie
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Keynesian Dynamics and the wage price spiral. A baseline disequilibrium approach [PDF]
We reformulate the AS-AD growth model of the Neoclassical Synthesis (Stage I) with its traditional microfoundations. The model still has an LM curve in the place of a Taylor interest rate rule, exhibits sticky wages as well as sticky prices, myopic ...
P. Chen, T. Asada
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The Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis Framework [PDF]
The authors study the macroeconomic consequences of large military buildups using a New Neoclassical Synthesis (NNS) approach that combines nominal rigidities within imperfectly competitive goods and labour markets.
Alain Paquet +2 more
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Review Of Theories And Models Of Economic Growth [PDF]
, 2014 The subject of this article is a review of the theories and models of economic growth. In the first section, the author analyzes the theories of economic growth, such as Schumpeter’s, Lewis’s and Rostow’s theory.
Piętak, Łukasz
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