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The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall - 2011
) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … leave out the parallel developments in finance theory - with its efficient markets hypothesis - and in approaches to … 12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …
Persistent link: https://www.econbiz.de/10008906589
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On the (in-)stability and the endogeneity of the "normal" rate of capacity utilisation in a Post-Keynesian/Kaleckian "monetary" distribution and growth model
Hein, Eckhard - In: Distribution, development and prices critical perspectives, (pp. 129-150). 2006
Persistent link: https://www.econbiz.de/10003675384
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Post-Keynesian macroeconomics since the mid-1990s : main developments
Hein, Eckhard - 2016
In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...
Persistent link: https://www.econbiz.de/10011560674
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Post-Keynesian macroeconomics since the mid-1990s : main developments
Hein, Eckhard - 2017
In this paper the main developments in post-Keynesian macroeconomics since the mid-1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...
Persistent link: https://www.econbiz.de/10011918712
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Post-Keynesian macroeconomics since the mid 1990s : main developments
Hein, Eckhard - In: European journal of economics and economic policies : … 14 (2017) 2, pp. 131-172
Persistent link: https://www.econbiz.de/10011890631
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Macroeconomics and monetary policy : competing theoretical frameworks
Palley, Thomas I. - In: Journal of post-Keynesian economics : JPKE 30 (2007) 1, pp. 61-78
Persistent link: https://www.econbiz.de/10003570945
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The new consensus from a traditional Keynesian and post-Keynesian perspective : a worthwhile foundation for research or just a waste of time?
Dullien, Sebastian - 2009
This paper examines in how far the DSGE model which is often dubbed the New Keynesian Consensus is compatibel with a Post-Keynesian or traditional Keynesian understanding of the economy. It is argued that while at first sight DSGE models seem to include a lot of traditional Keynesian or even...
Persistent link: https://www.econbiz.de/10009304904
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An analytical framework for the Post-Keynesian macroeconomic paradigm
Herr, Hansjörg - 2013
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
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An analytical framework for the Post-Keynesian macroeconomic paradigm
Herr, Hansjörg - In: Izmir review of social sciences 1 (2014) 2, pp. 73-105
Persistent link: https://www.econbiz.de/10010340184
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Transcending the new macroeconomic orthodoxy in the Eurozone : a Post-Keynesian view
Kotarski, Kristijan; Deskar-Škrbić, Milan - In: Zbornik radova Ekonomskog Fakulteta u Rijeci : časopis … 34 (2016) 2, pp. 419-441
Persistent link: https://www.econbiz.de/10011626200