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demonstrates the considerable influence that his work on economic theory has had on his contemporaries, and the profession as a … / Mark Roberts -- Endogenous growth theory : a partial critique / Philip Arestis and Malcolm Sawyer -- The nature of economic … growth and the neoclassical approach. : more questions than answers? / John McCombie -- On the core of macroeconomic theory …
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The contribution of this paper is twofold. First, a thorough presentation of the state of the art of the New Keynesian Macroeconomic model is provided. A discussion of its empirical caveats follows and some recent extensions of the standard model are evaluated in more detail. Second, a key...
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