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A view on post-Keynesian interest rate policy
Argitis, Giorgos - In: Intervention. European Journal of Economics and … 08 (2011) 1, pp. 91-112
rentiers' interest income in a money/debt-using and demand determined economy. The ultimate objective of this model is to …
Persistent link: https://www.econbiz.de/10014363113
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Unemployment: natural rate epicycles or hysteresis?
Cross, Rod - In: European Journal of Economics and Economic Policies: … 11 (2014) 2, pp. 136-148
This paper argues that the natural rate of unemployment hypothesis, in which equilibrium unemployment is determined by … unemployment is haunted by hysteresis. The curious history of the natural rate hypothesis is considered, curious because the … regarding hysteresis effects on output and unemployment is then reviewed. …
Persistent link: https://www.econbiz.de/10014363204
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Axel Leijonhufvud and the Quest for Micro-foundations -- Some Reflections
Laidler, David - University of Western Ontario, Economic Policy Research … - 2006
analysing the disequilibrium dynamics of markets in which trade at non-market clearing prices would occur, was not that …
Persistent link: https://www.econbiz.de/10005212379
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Lucas, Keynes, and the crisis
Laidler, David - 2009
This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the subdiscipline has evolved. It considers some implications...
Persistent link: https://www.econbiz.de/10010292008
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Lucas, Keynes, and the Crisis
Laidler, David - University of Western Ontario, Department of Economics - 2009
This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the subdiscipline has evolved. It considers some implications...
Persistent link: https://www.econbiz.de/10005039609
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Peter Howitt: A Keynesian still in recovery
Laidler, David E. W. - 2022
with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium … tradition of Clower and Leijonhufvud, and for a long time has been overshadowed by New-classical and New-Keynesian orthodoxy …. However, the development of agent based modelling and behavioural economics will perhaps give disequilibrium macroeconomics a …
Persistent link: https://www.econbiz.de/10014278230
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Peter Howitt - a Keynesian still in recovery
Laidler, David E. W. - 2022
with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium … tradition of Clower and Leijonhufvud, and for a long time has been overshadowed by New-classical and New-Keynesian orthodoxy …. However, the development of agent based modelling and behavioural economics will perhaps give disequilibrium macroeconomics a …
Persistent link: https://www.econbiz.de/10013371005
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The monetary economy and the economic crisis
Laidler, David - 2010
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the invisible hand, was a major...
Persistent link: https://www.econbiz.de/10010291902
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Post-Keynesian macroeconomics since the mid-1990s: Main developments
Hein, Eckhard - 2016
integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …
Persistent link: https://www.econbiz.de/10011565324
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The Monetary Economy and the Economic Crisis
Laidler, David - 2011
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the "invisible hand", was a...
Persistent link: https://www.econbiz.de/10011592187