Showing 1 - 10 of 19,461
distinction was drawn quite independently of Keynes, yet Keynes's General Theory led to its widespread adoption. The question of … microfoundations was not raised for the first time in the 1960s or ‘70s, as is sometimes thought, but goes back to the very foundations … directly in Keynes's own theorizing in the General Theory; a fixed-price general-equilibrium theory, which includes some work …
Persistent link: https://www.econbiz.de/10013147164
We construct an optimizing-agent model of a closed economy which is simple enough that we can use it to make exact utility calculations. There is a stabilization problem because there are one-period nominal contracts for wages, or prices, or both and shocks that are unknown at the time when...
Persistent link: https://www.econbiz.de/10014154210
Persistent link: https://www.econbiz.de/10009565500
standards that informed most advances in economic theory. The public emergence of this community was manifest at a conference …
Persistent link: https://www.econbiz.de/10011707795
Persistent link: https://www.econbiz.de/10001498555
Persistent link: https://www.econbiz.de/10000990772
Persistent link: https://www.econbiz.de/10000929319
Persistent link: https://www.econbiz.de/10001370629
Persistent link: https://www.econbiz.de/10001768882
Persistent link: https://www.econbiz.de/10001836671