The Absorption of Macroeconomics by Microeconomics

The aim of this article is to analyze the dominant tendency in the history of macroeconomics. It attempts to identify the two routes that research on the microeconomic foundations of macroeconomics has followed. On the one hand, the relation between employment, wages and inflation (the route indicated by Friedman); on the other hand, the existence of rigidities or a monetary restriction (the route indicated by Clower).

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Year of publication:	2008
Authors:	Deleplace, Ghislain
Published in:	Lecturas de Economía. - Departamento de Economía, ISSN 0120-2596. - 2008, 69, p. 245-298
Publisher:	Departamento de Economía
Subject:	IS-LM model \| Phillips’ curve \| constraint à la Clower \| fixed prices equilibrium \| nominal rigidities

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Extent:	application/pdf
Type of publication:	Article
Language:	Spanish
Classification:	B20 - History of Economic Thought since 1925. General ; E12 - Keynes; Keynesian; Post-Keynesian ; E13 - Neoclassical ; E20 - Consumption, Saving, Production, Employment, and Investment. General ; E30 - Prices, Business Fluctuations, and Cycles. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005606915