Results 11 to 20 of about 75,667 (213)
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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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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New-Keynesian economics: An AS–AD view [PDF]
Research in Economics, 2015 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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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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The State of New Keynesian Economics: A Partial Assessment [PDF]
Journal of Economic Perspectives, 2018 In August 2007, when the first signs emerged of what would come to be the most damaging global financial crisis since the Great Depression, the New Keynesian paradigm was dominant in macroeconomics. Ten years later, tons of ammunition has been fired against modern macroeconomics in general, and against dynamic stochastic general equilibrium models ...
Jordi Galı́
+6 more sources
The Role of Taxes as Automatic Destabilizers in New Keynesian Economics [PDF]
Journal of Public Economics, 2000 Abstract This paper analyses the effects of taxation in New Keynesian economics. The results show that taxes contribute to price and wage stickiness and, moreover, that the resulting fluctuations in welfare are magnified by the presence of taxes. These results are at odds with the old Keynesian idea of automatic stabilizers.
Henrik Kleven, Claus Thustrup Hansen
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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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Evolution of New Keynesian Economics
Procedia Computer Science, 2019 Abstract In this article, the developments in the New Keynesian Economics which sprang up in USA during the ‘80s will be discussed and then the properties of the Keynesian Economics in terms of their assumptions and models will be analyzed. New Keynesian Economics is based upon the Keynesian System also considers that when the economy left to itself
Özlen Hiç
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AGRICULTURAL EMPLOYMENT IN SPAIN AND NEW KEYNESIAN ECONOMICS [PDF]
Ciencia e investigación agraria, 2016 [ES] La investigación relaciona el mercado de trabajo agrícola con la escuela de pensamiento Nueva Economía Keynesiana. Su propósito es comprobar que la producción bruta, la productividad total factorial y los salarios actúan como determinantes del empleo en la agricultura española.
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
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