The Keynesian theory aims at issues that authorities are able to interact with the economy, to face crises and to administrate dysfunctions on the economy. The Keynesian theory uses the demand side effect and not the supply side effect on the economy. The government and the authorities provide...

Can nominal contracts make a difference for the neutrality of money if these arise endogenously in general equilibrium? This paper utilizes aversion of Lucas's seminal equilibrium business cycle theory to address this question. However, we depart from Lucas in assuming that (1) agents have...