Showing 1 - 10 of 2,847
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10009756278
Persistent link: https://www.econbiz.de/10009758185
Persistent link: https://www.econbiz.de/10010340184
Persistent link: https://www.econbiz.de/10010341099
Persistent link: https://www.econbiz.de/10010372030
Persistent link: https://www.econbiz.de/10011543919
The Great Recession seems to be a natural experiment for economic analysis, in that it has shown the inadequacy of the predominant theoretical framework - the New Neoclassical Synthesis (NNS) - grounded on the DSGE model. In this paper, we present a critical discussion of the theoretical,...
Persistent link: https://www.econbiz.de/10011457386
Persistent link: https://www.econbiz.de/10011517787
Persistent link: https://www.econbiz.de/10010422135
Persistent link: https://www.econbiz.de/10010459171