Results 211 to 220 of about 21,399,022 (251)

New Keynesian Economics and the Phillips Curve

Journal of Money, Credit and Banking, 1995
Models 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.
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On the Contribution of New Keynesian Economics [PDF]

Eastern Economic Journal, 1992
In this paper we consider whether New Keynesian economics provides a meaningful framework for the analysis of the coordination problem in economic society. At this stage the New Keynesian coordination failure framework raises more questions than it provides answers. However, it has the potential to develop to an important area of macroeconomic research
Hans van Ees, Harry Garretsen
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New Keynesian Economics / Post Keynesian Alternatives

2013
The 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.
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Keynesian Economic Policies for the New Millennium

The Economic Journal, 1998
In this paper, we outline an approach to economic policy in which there is an emphasis on the need for both demand-side and supply-side policies to secure full employment. Our approach can be considered Keynesian in the sense that its policy implications arise from the perception of the role of aggregate demand in setting the level of economic activity
Philip Arestis, Malcolm Sawyer
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The Return of (New) Keynesian Economics

2009
The period from the mid-1960s to the mid-1980s is characterised by a slowdown in the level of economic activity; however, government’s stabilisation and welfare functions restrained the outbreak of a major depression and converted it to a long-lasting stagflation.
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New Keynesian Economics in Perspective [PDF]

Eastern Economic Journal, 1992
This paper argues that in order for the term New Keynesian to be useful, its definition must be limited to work involving aggregate coordination failures within a general equilibrium context. After distinguishing three broad debates in macroeconomics--the Keynesian/Classical debate, the Neo-Keynsian/Neo-Classical debate, and the New Keynesian/New ...
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CHAOS THEORY AND THE NEW KEYNESIAN ECONOMICS*

The Manchester School, 1990
The possibility of endogenous chaotic cycles in rational expectations models undermines New Classical arguments that macroeconomic stabilization policies will be either ineffective or inefficient. However, the possibility of chaos also weakens the ability of New Keynesian stabilization policies because of the associated forecasting difficulties ...
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Post-Keynesian Economics: New Foundations

Review of Political Economy, 2015
This book is a considerably expanded revision of Lavoie's 1992 Foundations of Post-Keynesian Economic Analysis.
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Economic throught the prism of new Keynesian economics

2014
In this paper we will 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 the influences of nominal vs. real rigidities. We also find that new contracts exhibit very low
Nikoloski, Krume, Aleksoski, Ognen, Petrusheva, Borka   +2 more
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The new Keynesian economics

The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions, including technical economics, methodology of the social ...
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