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Imperfect Competition and the Keynesian Cross

Mankiw, N. Gregory - 1987

This paper presents a simple general equilibrium model in which the only non-Walrasian feature is imperfect competition in the goods market. The model is shown to exhibit various Keynesian characteristics. In particular, as competition in the goods market becomes less perfect, the fiscal policy...

Persistent link: https://www.econbiz.de/10012476682

Kinky perceived demand curves and Keynes-Negishi equilibria

Drèze, Jacques H. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003543696

Kinky Perceived Demand Curves and Keynes-Negishi Equilibria

Dreze, Jacques H. - 2007

The label quot;Keynes-Negishi equilibriaquot; is attached here to equilibria in a monetary economy with imperfectly competitive product and labor markets where business firms and labor unions hold demand perceptions with kinks - as posited in Negishi's 1979 book Microeconomic Foundations of...

Persistent link: https://www.econbiz.de/10012728674

Post-Keynesian macroeconomics since the mid-1990s : main developments

Hein, Eckhard - 2016

In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...

Persistent link: https://www.econbiz.de/10011560674

John Maynard Keynes of Bloomsbury : four short talks

Goodwin, Craufurd D. W.; Weintraub, Eliot Roy; Hoover, … - 2009

Four talks on Keynes in relation to the Bloomsbury Group: I. Maynard Keynes of Bloomsbury (Craufurd Goodwin); II. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce Caldwell). The talks were delivered as part of roundtable...

Persistent link: https://www.econbiz.de/10011603268

Post-Keynesian macroeconomics since the mid-1990s : main developments

Hein, Eckhard - 2017

In this paper the main developments in post-Keynesian macroeconomics since the mid-1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...

Persistent link: https://www.econbiz.de/10011918712

The behavioral economics of John Maynard Keynes

Schettkat, Ronald - 2018

After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo … or reclassified in the neoclassical synthesis. Keynes' General Theory is truly general. It includes the full … recent results in behavioral economics. Keynes' macroeconomics is the result of his microeconomics. Keynes' theory is a …

Persistent link: https://www.econbiz.de/10011929683

Man and machine in macroeconomics

Hoover, Kevin D. - 2012

The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding macroeconomics, and the central developments in the field through the early 1970s, including large-scale macroeconometric models are usually termed "Keynesian." The story of...

Persistent link: https://www.econbiz.de/10011708002

The Poole analysis in the new open economy macroeconomic framework

Hoffmann, Mathias; Kempa, Bernd - 2006

This paper evaluates simple, non-optimising monetary policy rules in the tradition of the well-known Poole analysis within a general two-country open-economy model of the New Open Economy Macroeconomic framework. Pure money supply rules are compared with simple interest rate rules for the large...

Persistent link: https://www.econbiz.de/10009525985

A Critical Assessment of the Role of Imperfect Competition in Macroeconomics

Carlton, Dennis W. - 2021

explaining short-run fluctuations in GNP. Theory and the empirical evidence suggest that the existence of intellectual property …

Persistent link: https://www.econbiz.de/10013232435

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