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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 contribution to an ongoing tradition in monetary theory in whose … ; flexible prices ; false prices ; rate of interest ; forced saving ; Keynesian economics ; monetarism ; new Keynesian economics …
Persistent link: https://www.econbiz.de/10008655700
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 contribution to an ongoing tradition in monetary theory in whose …
Persistent link: https://www.econbiz.de/10011708307
Persistent link: https://www.econbiz.de/10000928871
This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and flexible in the long run. Policy is evaluated by how well it raises the...
Persistent link: https://www.econbiz.de/10008991399
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 of post-Keynesian economics, their commonalities and developments …
Persistent link: https://www.econbiz.de/10011560674
Milton Friedman's influence on the economics profession has been enormous. In part, his success was due to political …. Friedman's professional triumph is testament to the weak intellectual foundations of the economics profession which accepted … ideas that are conceptually and empirically flawed. His success has taken economics back in a pre-Keynesian direction and …
Persistent link: https://www.econbiz.de/10010393515
This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and flexible in the long run. Policy is evaluated by how well it raises the...
Persistent link: https://www.econbiz.de/10013124860
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 of post-Keynesian economics, their commonalities and developments …
Persistent link: https://www.econbiz.de/10011918712
Persistent link: https://www.econbiz.de/10011890631
macroeconomic theory. For this purpose, we explicitly present two competing paradigms, the new-Keynesian and the post-Keynesian one …
Persistent link: https://www.econbiz.de/10011994508