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Los dos programas de investigación (el poskeynesiano y el regulacionista) coinciden en el hecho de proponer una alternativa a la economía estándar, cuya incapacidad para dar cuenta de los hechos fundamentales observados –desde la década de los setenta y en particular durante la crisis...
Persistent link: https://www.econbiz.de/10010739678
Recently, a new class of macroeconomic business cycle models has emerged. Stochastic dynamic general equilibrium models with rational expectations originally employed by RBC researchers are combined with nominal rigidities and imperfect competition traditionally highlighted by New Keynesian...
Persistent link: https://www.econbiz.de/10010752473
The paper analyses retrospectively the impact that the publication of The economists' "Manifesto" on unemployment in the EU has exerted on the European economic policies. On the supply side, it is acknowledged that many suggestions have been put in practise: among them, the labour market reforms...
Persistent link: https://www.econbiz.de/10010752486
Recently, a new class of macroeconomic business cycle models has emerged. Stochastic dynamic general equilibrium models with rational expectations originally employed by RBC researchers are combined with nominal rigidities and imperfect competition traditionally highlighted by New Keynesian...
Persistent link: https://www.econbiz.de/10010752515
The paper analyses retrospectively the impact that the publication of The economists' "Manifesto" on unemployment in the EU has exerted on the European economic policies. On the supply side, it is acknowledged that many suggestions have been put in practise: among them, the labour market reforms...
Persistent link: https://www.econbiz.de/10010752532
El retorno a la lectura de los autores clásicos hace posible una amplia interpretación de la crisis subprime. En Marx se identifica el origen de las crisis, pero también de la globalización, en las contradicciones de la acumulación, particularmente la financiera. Keynes, y después Minsky,...
Persistent link: https://www.econbiz.de/10010812557
Persistent link: https://www.econbiz.de/10010706548
Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macroeconomics of the medium-run. This paper recounts the history of Solow’s different attempts to address this issue. It starts in early 1950s when Solow...
Persistent link: https://www.econbiz.de/10010711110
This paper discusses the treatment of growth as a path-dependent process in post-Keynesian macrodynamics. A synthetic post-Keynesian growth model is used to demonstrate the ways in which growth can be described as path-dependent in the post-Keynesian tradition. Recent developments in...
Persistent link: https://www.econbiz.de/10010711792
Modern growth theory derives mostly from Robert Solow’s “A Contribution to the Theory of Economic Growth” (1956). Solow’s own interpretation locates the origins of his “Contribution” in his view that the growth model of Roy Harrod implied a tendency toward progressive collapse of the...
Persistent link: https://www.econbiz.de/10010720649