Add to ORKGIn the 1980s theoretical research in macroeconomics was dominated by what has become known as new-Keynesian economics. The principal aim of new-Keynesian economics is to explain how Keynesian results can be reconciled with the neo-classical principles of utility and profit maximization. This paper provides a survey and an assessment of New Keynesian economics. In our view, the theoretical foundation of new-Keynesian economics would be strengthened if more institutional detail is added to the analysis. The real challenge for new-Keynesian economics is to develop macrocconomics (and microeconomics) from a theory that takes the working of markets seriously.</p
This book represents the first of three volumes offering a complete reinterpretation and restructuri...
In an attempt to explain and forecast the behavior of economic variables and of the economy as a who...
Beginning in the late 1950s during the industrial revolution, new classical macroeconomists began to...
In the 1980s theoretical research in macroeconomics was dominated by what has become known as new-Ke...
Formal developments of the Keynes's General Theory, while attempting to achieve a new classical synt...
This paper contrasts the descriptive and normative properties of the New Keynesian general equilibri...
Old- style Keynesian models relied on sticky prices or wages to explain unemployment and to argue fo...
This article provides a critical review of the foundations of the new Keynesian apparatus, to evalua...
In August 2007, when the first signs emerged of what would come to be the most damaging global finan...
AbstractUp to the ‘70s, one could distinguish an apparent consensus in economics, in both theory and...
Most economists assume that Keynes's theory of the capitalist macroeconomy is adequately repres...
In this article, the developments in the New Keynesian Economics which sprang up in USA during the ‘...
This paper provides an outline of the historical development of Keynesian macroeconomics. It first a...
Recently, the dynamic general equilibrium (DGE) model, or its more popular version, the Real Busines...
During the stagflation of ‘70s, theKeynesian System fell from favor in the academic circles while Mo...
This book represents the first of three volumes offering a complete reinterpretation and restructuri...
In an attempt to explain and forecast the behavior of economic variables and of the economy as a who...
Beginning in the late 1950s during the industrial revolution, new classical macroeconomists began to...
In the 1980s theoretical research in macroeconomics was dominated by what has become known as new-Ke...
Formal developments of the Keynes's General Theory, while attempting to achieve a new classical synt...
This paper contrasts the descriptive and normative properties of the New Keynesian general equilibri...
Old- style Keynesian models relied on sticky prices or wages to explain unemployment and to argue fo...
This article provides a critical review of the foundations of the new Keynesian apparatus, to evalua...
In August 2007, when the first signs emerged of what would come to be the most damaging global finan...
AbstractUp to the ‘70s, one could distinguish an apparent consensus in economics, in both theory and...
Most economists assume that Keynes's theory of the capitalist macroeconomy is adequately repres...
In this article, the developments in the New Keynesian Economics which sprang up in USA during the ‘...
This paper provides an outline of the historical development of Keynesian macroeconomics. It first a...
Recently, the dynamic general equilibrium (DGE) model, or its more popular version, the Real Busines...
During the stagflation of ‘70s, theKeynesian System fell from favor in the academic circles while Mo...
This book represents the first of three volumes offering a complete reinterpretation and restructuri...
In an attempt to explain and forecast the behavior of economic variables and of the economy as a who...
Beginning in the late 1950s during the industrial revolution, new classical macroeconomists began to...