Results 211 to 220 of about 200,247 (275)
New-Keynesian Economics Today: The Empire Strikes Back
The American Economist, 1995 “… there is no single doctrine taken to be a scientific truth without the diametrically opposed view being similarly upheld by authors of high repute … in other fields of science these conflicts usually come to an end … It is only in the field of economics that the state of war seems to persist and remain permanent.”1
Snowdon, B., Vane, H.R.
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Southern Economic Journal, 1996
Preface 1. From Keynesian to New Keynesian economics. 2. Keynesian microfoundations in historical perspectives. Part I Real Rigidities 3. The labour market and real wage rigiditry. 4. Credit rationing and imperfect capital markets. 5. Real rigidities in the goods market. Part II Nominal Rigidities Introduction 6. Rational models of irrational behaviour.
Werner Sesselmeier +3 more
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Preface 1. From Keynesian to New Keynesian economics. 2. Keynesian microfoundations in historical perspectives. Part I Real Rigidities 3. The labour market and real wage rigiditry. 4. Credit rationing and imperfect capital markets. 5. Real rigidities in the goods market. Part II Nominal Rigidities Introduction 6. Rational models of irrational behaviour.
Werner Sesselmeier +3 more
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New Keynesian Economics and the Phillips Curve
Journal of Money, Credit and Banking, 1995Models with sticky prices are an important part of New Keynesian economics. The author shows that several of the New Keynesian models imply a formulation that is similar to the expectations-augmented Phillips curve of Milton Friedman and Edmund Phelps. He then presents new estimates of the New Keynesian Phillips curve.
John M. Roberts
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What is new-Keynesian economics?
1997This research was supported by the National Science Foundation. I am grateful to George Williams for help with the data and to Steven Allen, Laurence Ball, Olivier J.
R. Gordon
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New Keynesian Economics / Post Keynesian Alternatives
2013The New Keynesian Economics has been the most significant development in economics in recent years. Does it actually build upon Keynes' work? In this volume, leading post Keynesian economists challenge New Keynesianism both on the grounds that it is not Keynesian, and does not provide an adequate account of our current economic problems.
R. J. Rotheim
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New Institutional and New Keynesian Economics
1998Since the beginning of the seventies (e.g. Akerlof 1970, Williamson 1971), economic theory has been passing through a phase of deep evolution, characterised inter alia by an emphasis on market failures and by a search for sounder microfoundations for macroeconomics.
CURRIE M., MESSORI, MARCELLO
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The New Keynesian Economics and the Output-Inflation Trade-Off
, 1988 The purpose of this paper is to provide evidence supporting new Keynesian theories. We point out a simple prediction of Keynesian models that contradicts other leading macroeconomic theories and show that it holds in actual economies.
Laurence Ball +6 more
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The new Keynesian economics and the output-inflation trade-off
Applied Economics Letters, 1996This letter reconsiders the empirical tests of the new Keynesian and new classical models performed by Ball Mankiw and Romer and Akerlof, Rose and Yellen. The original tests conform basically to cross-section analysis; we develop both time-series and pooled cross-section, time-series tests of these issues, using the methodology and results of ...
Stephen M. Miller, George M. Katsimbris
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Post-Keynesianism: A New Approach to Economics
Review of Social Economy, 1990 This paper is an attempt to isolate and analyze the major characteristics of post-Keynesian economics and to draw the policy implications that follow from it. In doing so I hope to show that post-Keynesian economics does in fact constitute a new approach to our understanding of economic phenomena.
Philip Arestis
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New Keynesian economics, nominal rigidities and involuntary unemployment
Journal of Economic Methodology, 1999In this chapter, I seek to examine what the contribution of new Keynesian macroeconomics has been in the last 15 years and to consider the methodological lessons to be learned. I also want to outline what I believe to be the driving forces behind the innovations made.
Huw Dixon
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