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REVISITING THE POST-KEYNESIAN CRITICS OF NEW NEOCLASSICAL SYNTHESIS: MONETARY POLICY QUESTIONS

open access: yesAnálise Econômica, 2012
The article presents some recent post-keynesian comments on the New Neoclassical Synthesis, by means of answers to three theoretic questions regarding: a) the constraints to the long term output growth; b) the inflation rate determination; c) the main goals that lead the monetary policy to an optimal conduction.
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Keynesian Dynamics and the Wage-Price Spiral:Estimating and Analyzing a Baseline Disequilibrium Approach [PDF]

open access: yes
In this paper, we reformulate the theoretical baseline DAS-AD model of Asada, Chen, Chiarella and Flaschel (2004) to allow for its somewhat simplified empirical estimation.
C. Chiarella, P. Chen, W. Semmler
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Political Economy and Economic Science: The Work of Phyllis Deane [PDF]

open access: yes
Some time ago, Phyllis Deane pointed to “an inescapable tension between political economy and economic science”. Yet, the separation of positive economics (pure and empirical) on the one hand and normative economics (pure and applied) on the other is ...
Heinrich Bortis
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Combining Keynes and Schumpeter. Ingvar Svennilson's Contribution to the Swedish Growth School and Modern Economics [PDF]

open access: yes
In a study of European growth in the interwar period, the Swedish economist Ingvar Svennilson integrated a Keynesian theory of cumulative growth with a Schumpeterian analysis of economic transformation.
Erixon, Lennart
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Incorporating Labour Market Frictions into an Optimising-Based Monetary Policy Model [PDF]

open access: yes
This paper examines the effects of introducing a non Walrasian labour market into the "New Neoclassical Synthesis'' framework. A dynamic stochastic general equilibrium model is formulated, solved, and calibrated in order to evaluate its ability to ...
Moyen, S., Sahuc, J-G.
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