Results 11 to 20 of about 78,583 (246)
Marc Lavoie, Post-Keynesian Economics: New Foundations
Revue de la Régulation, 2014 Le premier chapitre de l’ouvrage de Marc Lavoie a en realite deux objets. Tout d’abord, il constitue une longue introduction a l’ouvrage de 660 pages dans lequel l’auteur offre une presentation exhaustive et personnelle du programme de recherche postkeynesien. Ensuite, il fournit les bases d’une reflexion stimulante sur la place de l’heterodoxie face a
Antoine Godin
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On the Indeterminacy of New-Keynesian Economics [PDF]
SSRN Electronic Journal, 2004 We study identiÞcation in a class of three-equation monetary models. We argue that these models are typically not identiÞed. For any given exactly identiÞed model, we provide an algorithm that generates a class of equivalent models that have the same reduced form.
Andreas Beyer, Roger E. A. Farmer
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KEYNESIAN, NEW KEYNESIAN AND NEW CLASSICAL ECONOMICS [PDF]
Oxford Economic Papers, 1987 Formal developments of the Keynes's General Theory, while attempting to achieve a new classical synthesis of the realities of observed macroeconomic fluctuation and unemployment with classical microeconomics, have come to be surprisingly closely tied to the old classical models.
Bruce Greenwald, Joseph E. Stiglitz
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ECONOMIC THOUGHT THROUGH THE PRISM OF NEW KEYNESIAN ECONOMICS [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2015 In this paper I study the relation between real wage rigidity and nominal price and wage rigidities. We formulate a generalized price-setting framework that incorporates staggered contracts of multiple durations and that enables us to directly identify
KRUME NIKOLOSKI +2 more
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New Keynesian Economics: A Monetary Perspective [PDF]
, 2008 In this article we construct a simple analytically tractable model to explore and evaluate New Keynesian ideas. First, we show that a New Keynesian model need not exhibit Phillips curve correlations in the absence of strategic price setting by firms. Second, we conclude that New Keynesian economics needlessly neglects monetary frictions and misses out ...
Stephen D. Williamson
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New-Keynesian Economics Tales with Algebraic Notations [PDF]
SSRN Electronic Journal, 2014 In this paper are outlined some new-keynesian economic models along with their micro foundations. At first small model of interest rate consumption income and savings has been outlined. Modigliani-Miller model follows as one of the five neutralities in macroeconomics, and demand for money by Miller and Orr.
Dushko Josheski
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Is New Keynesian Economics Really New? An Answer in a New Keynesian Perspective [PDF]
, 1996 This paper contrasts the descriptive and normative properties of the New Keynesian general equilibrium models with those of other Keynesian paradigms, such as the neoclassical sintesi and the post Keynesian ones. We argue that the co-ordination failures, which are pivotal within the New Keynesian setup deliver an alternative picture of the market ...
Corrado Benassi +2 more
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New-Keynesian Economics: An AS-AD View [PDF]
Research in Economics, 2009 Abstract A simple New-Keynesian model is set out with AS–AD graphical analysis. The model is consistent with modern central banking, which targets short-term nominal interest rates instead of money supply aggregates. This simple framework enables us to analyze the economic impact of productivity or mark-up disturbances and to study alternative ...
Pierpaolo Benigno
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AGRICULTURAL EMPLOYMENT IN SPAIN AND NEW KEYNESIAN ECONOMICS [PDF]
Ciencia e investigación agraria, 2016 [EN] Our research examines the agricultural labor market from the perspective of new Keynesian economics. Our aim is to verify that total gross output, total factor productivity, and real wages act as determinants of employment levels in Spanish agriculture.
Silvia Andrés González‐Moralejo +1 more
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The New Keynesian Economics: A Survey [PDF]
, 1999 The new keynesian ...
Pier Giorgio Ardeni +3 more
+6 more sources