Vroey, Michel de - In: Revue d'économie politique 115 (2005) 4, pp. 417-436
The aim of this paper is to assess how three seminal coordination failure models (Diamond ([1982] [1991]), Howitt [1985] and Roberts [1987]) have fared against ?Keynes?s programme?. The first part of the paper characterises Keynes?s programme as consisting of the following four objectives: (a)...