We reformulate and extend the standard AS-AD growth model of the Neoclassical Synthesis (stage I) with its traditional microfoundations. The model retains an LM curve in the place of a Taylor interest rate rule, exhibits sticky wages as well as sticky prices, myopic perfect foresight of current...

Contents: 1. After the GT: Synthesizing Harrod's Knife-Edge Growth and Kaldor's Model of the Trade Cycle -- Part I Output Expansion, Inflation and Fluctuating Growth from a Supply-Side Angle -- 2. Keynes-Wicksell-Goodwin Monetary Growth and the Cascade of Stable Matrices Method -- 3. Output...

Introduction / Carl Chiarella, Peter Flaschel, Reiner Franke, Willi Semmler -- New Keynesian theory and the new Phillips curves : a competing approach / Peter Flaschel, Ekkehart Schlicht -- Keynesian theory and the AD-AS framework : a reconsideration / Amitava Krishna Dutt, Peter Skott -- AD-AS...