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Aggregate Demand and Micro Behavior : A New Perspective on Keynesian Macroeconomics

Fazzari, Steven M.; Ferri, Piero; Greenberg, Edward - 2007

graphical framework that facilitates comparison of several major approaches to modeling Keynesian microfoundations, including …

Persistent link: https://www.econbiz.de/10014215857

Keynes's Approach to Full Employment : Aggregate or Targeted Demand?

Tcherneva, Pavlina R. - 2008

This paper argues that John Maynard Keynes had a targeted (as contrasted with aggregate) demand approach to full employment. Modern policies, which aim to close the demand gap, are inconsistent with the Keynesian approach on both theoretical and methodological grounds. Aggregate demand tends to...

Persistent link: https://www.econbiz.de/10014215947

The Keynesian Cross : Graphical Interpretations of Effective Demand

Heller, Claudia; Dessotti, Marina - 2007

The General Theory of Employment, Interest and Money by John Maynard Keynes led up to three cross-shaped graphical … Keynes's original 1936 book. The three models are graphical (and algebraical) formalizations of Keynes's theory, but the last … effective demand, as they were presented by Keynes in the General Theory. The purpose of the paper is to identify which original …

Persistent link: https://www.econbiz.de/10014223846

Aggregate Demand and Micro Behavior : A New Perspective on Keynesian Macroeconomics

Fazzari, Steven M.; Ferri, Piero; Greenberg, Edward - 2007

graphical framework that facilitates comparison of several major approaches to modeling Keynesian microfoundations, including …

Persistent link: https://www.econbiz.de/10014225547

Chapter 22. The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation

Schmidt, Sebastian; Wieland, Volker - In: Handbook of computable general equilibrium modeling : …, (pp. 1439-1512). 2013

benchmark model by providing a framework for model comparison along with a database that includes a wide variety of …

Persistent link: https://www.econbiz.de/10014025269

Supermultiplier models, demand stagnation, and monetary policy : inevitable march to the lower bound for interest rates?

Fazzari, Steven M. - 2024

This article integrates monetary policy into a very simple dynamic supermultiplier model with an accommodating supply side. Results show that monetary policy guided by a conventional Taylor rule may stabilize an economy around the steady-state path of demand-led growth following temporary demand...

Persistent link: https://www.econbiz.de/10014529506

Keynesian theory and the AD-AS framework : a reconsideration

Dutt, Amitava Krishna; Skott, Peter - 2005

Contrary to what has been argued by a number of critics, the AD-AS framework is both internally consistent and in conformity with Keynes s own analysis. Moreover, the eclectic approach to behavioral foundations allows models in this tradition to take into account aggregation problems as well as...

Persistent link: https://www.econbiz.de/10011527443

Post-Keynesian dynamic stochastic general equilibrium theory

Farmer, Roger E. A. - In: European journal of economics and economic policies : … 14 (2017) 2, pp. 173-185

Persistent link: https://www.econbiz.de/10011890641

Applicability of Keynesian Ideology in the Zimbabwe's Economic Growth Path

Bonga, Wellington Garikai - 2014

Economic development disparities are caused mainly by unjustified biased policies and not in actual fact biased policies. Balanced policies are often recommended for balanced growth of all economic sectors. However, through sector linkages, and due to lack of funding in many developing nations,...

Persistent link: https://www.econbiz.de/10013045453

Dr. Palley and the merits of conflict

Heise, Arne - 2024

Controversy is vital in the pursuit of knowledge. Constructive dispute can drive intellectual growth and deepen understanding within a field. However, mutual respect, thorough engagement, and intellectual humility are necessary for productive exchanges. In this vein, I clarify in my response to...

Persistent link: https://www.econbiz.de/10014631926