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Minsky and economic policy :"Keynesianismʺ all over again?
Tymoigne, Éric (contributor) - 2008
Recently, national newspapers all over the world have suggested that we should reread John Maynard Keynes, and that Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and discovering Minsky are noble goals, one should also remember...
Persistent link: https://www.econbiz.de/10003773518
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The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall - 2011
) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … leave out the parallel developments in finance theory - with its efficient markets hypothesis - and in approaches to … 12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …
Persistent link: https://www.econbiz.de/10008906589
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What would Keynes have thought of rational expectations?
Leijonhufvud, Axel - 1983
Persistent link: https://www.econbiz.de/10009501599
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The traverse, equilibrium analysis and post-Keynesian economics
Halevi, Joseph; Hart, Neil; Kriesler, Peter - 2012
Persistent link: https://www.econbiz.de/10009775893
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Re-reading Keynes after the crisis : probability and decision
Zappia, Carlo - 2012
Persistent link: https://www.econbiz.de/10011860624
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Fiscal policy : post- or New Keynesian?
Gechert, Sebastian - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 338-355
This paper asks whether the post-Keynesian or New Keynesian paradigm provides a more realistic description of the effects of fiscal policy on output and consumption. I establish some macro and microeconomic stylized facts on fiscal multipliers and marginal propensities to consume based on the...
Persistent link: https://www.econbiz.de/10014433734
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Behavioural macroeconomics and wage and price setting : developing some early insights of John Maynard Keynes and Joan Robinson
McDonald, Ian Martin - 2009
Persistent link: https://www.econbiz.de/10003882165
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Keynes after 75 years : rethinking money as a public monopoly
Wray, L. Randall - 2011
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production … view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date. -- Money ; Public … Monopoly ; Monetary Theory of Production ; Keynes ; Marx ; Veblen ; Knapp ; Chartalism …
Persistent link: https://www.econbiz.de/10008906545
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Marshall, models, and macroeconomics : comments on Michel De Vroey’s "The Marshallian roots of Keynes’s general theory"
Colander, David C. - 2010
Persistent link: https://www.econbiz.de/10003990808
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The Marshallian roots of Keynes’s general theory
De Vroey, Michel - 2009
Persistent link: https://www.econbiz.de/10003963825