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The International Seminar on Macroeconomics (ISoM) is an annual conference, which was co-sponsored, during 15 years (1978-1993) by the French EHESS and the NBER. This article uncovers the scientific and institutional dynamics unrolling from this cooperation. The ISoM, we argue, constituted a...
Persistent link: https://www.econbiz.de/10012143472
The International Seminar on Macroeconomics (ISoM) is an annual conference, which was co-sponsored, during 15 years (1978-1993) by the French EHESS and the NBER. This article uncovers the scientific and institutional dynamics unrolling from this cooperation. The ISoM, we argue, constituted a...
Persistent link: https://www.econbiz.de/10012135419
Persistent link: https://www.econbiz.de/10012240953
This paper studies Patinkin's contribution to the development of IS-LM, mostly Money Interest and Prices (1956), by … comparing it to Modigliani's (1944, 1963). Patinkin's originality, it is claimed, lies in his analyzing the IS-LM model with a … allowed Patinkin to complete, to correct and to clarify the IS-LM model. However, in spite of its superiority, Patinkin …
Persistent link: https://www.econbiz.de/10009353865
Persistent link: https://www.econbiz.de/10010899492
compatibility vs. incompatibility between Keynesian and Walrasian theories) . The intel lectual context, particularly Don Patinkin …
Persistent link: https://www.econbiz.de/10011602774
Robert W. Clower's article "A Reconsideration of the Microfoundations of Monetary Theory" (1967) deeply influenced the … course of modern monetary economics. On the one hand, it revealed the deadlocks of Don Patinkin's project to integrate … before and after the 1967 article. Four conclusions are obtained. First, Clower (1967) intended to reorient Patinkin …
Persistent link: https://www.econbiz.de/10011609470
microfoundations, 1956-2003, I make the following points: (a) Backhouse and Boianovsky’s too broad understanding of the disequilibrium … works of Patinkin, Clower and Leijonhuvud, it betrays the project of Barro and Grossman, Drèze and Benassy who strived at …
Persistent link: https://www.econbiz.de/10010746936
We consider an exchange economy in which price rigidities are present. In the short run the non-numeraire commodities have a exible price level with respect to the numeraire commodity but their relative prices are mutually fixed. In the long run prices are assumed to be completely exible. For a...
Persistent link: https://www.econbiz.de/10011090816
Published as an article in: Topics in Macroeconomics, 2005, vol. 5, issue 1, article 17.
Persistent link: https://www.econbiz.de/10004972647