Showing 1 - 10 of 164
Persistent link: https://www.econbiz.de/10011485635
Persistent link: https://www.econbiz.de/10011494376
Persistent link: https://www.econbiz.de/10001334655
Persistent link: https://www.econbiz.de/10001336988
Persistent link: https://www.econbiz.de/10001215751
Persistent link: https://www.econbiz.de/10001167312
This paper is part of a broader project that provides a microfoundation to the General Theory of J.M. Keynes. I call … this project 'old Keynesian economics' to distinguish it from new-Keynesian economics, a theory that is based on the idea … definitions of aggregate demand and supply found in the General Theory through the lens of a search theory of the labor market. I …
Persistent link: https://www.econbiz.de/10012759829
This paper is part of a broader project that provides a microfoundation to the General Theory of J.M. Keynes. I call … this project 'old Keynesian economics' to distinguish it from new-Keynesian economics, a theory that is based on the idea … definitions of aggregate demand and supply found in the General Theory through the lens of a search theory of the labor market. I …
Persistent link: https://www.econbiz.de/10012465244
Persistent link: https://www.econbiz.de/10001203367
We develop a technique for analyzing the response dynamics of economic variables to structural shocks in linear rational expectations models. Our work differs fromstandard SVARs since we allow expectations of future variables to enter structural equations. We show how to estimate the...
Persistent link: https://www.econbiz.de/10003274715