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The New Keynesian Phillips Curve: Some Counterfactual Evidence [PDF]
New Keynesian models of the business cycle have become the new paradigm of monetary economics, often used for policy analysis. This paper shows that this class of models fail in one crucial respect: they imply a strong negative contemporaneous ...
Juan Paez-Farrell
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Aggregate Demand and Supply [PDF]
This paper is part of a broader project that provides a microfoundation to the General Theory of J.M. Keynes. I call this project 'old Keynesian economics' to distinguish it from new-Keynesian economics, a theory that is based on the idea that to make ...
Roger E. A. Farmer
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O eterno retorno de Keynes [PDF]
[No abstract available]sem infomação181121127sem informaçãosem informaçãoAndrade, R.P., Silva, R.C., Uma mestra na periferia do capitalismo: A economia política de Maria da Conceição Tavares (2010) Revista de Economia Política, 30 (4). , out./dezArestis,
Andrade, Rogerio P. de
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This research intent to investigates the Economic Disaster Theory of the past of recent shock to Malaysia in of Asian Financial Crisis in 1997 and compare to Global Financial Crisis in 2008 and testing economic disaster theorem.
MOHD AZLAN ABDUL MAJID+3 more
doaj
A New Keynesian Workbook [PDF]
A large literature has recently developed to place the New Keynesian framework for analyzing business cycle fluctuations and the conduct of monetary policy into undergraduate economics curricula.
Pavel S. Kapinos
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The State and the Market in Industrial Development: Perspectives from the 1980s
The relationship between the state and the market has been a continuous theme for those economists seeking to understand the process of economic growth and to advise on policies to affect that process.
George Rosen
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New Classicals and Keynesians, or the Good Guys and the Bad Guys [PDF]
Old- style Keynesian models relied on sticky prices or wages to explain unemployment and to argue for demand-side macroeconomic policies. This approach relied increasingly on a Phillips-curve view of the world, and therefore lost considerable prestige ...
Robert J. Barro
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Behavioral Macroeconomics and the New Keynesian Model [PDF]
The contribution of this paper is twofold. First, a thorough presentation of the state of the art of the New Keynesian Macroeconomic model is provided.
Jan-Oliver Menz
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The Attempt to Revitalize Keynes' Theory
The article gives a summary of the renewal attempts of the only, through decades dominant general economic theory, the Keynesian economics. Because of the lack of microeconomic bases and the changes happened on the commodity-, labour-, and money markets
Zsuzsa Ortutay
doaj
Keynesian chaos revisited: odd period cycles and ergodic properties [PDF]
In this paper, we study two standard (Keynesian) dynamic macroeconomic models (one is piecewise linear and the other is nonlinear). Our purpose is twofold: (1)~For each model, we give a complete characterisation for the existence of a topological chaos (of the GDP levels), (2)~Even if a chaos exists, using ergodic theory, we show that it is possible to
arxiv