The essay points out the methodological difficulties arising within the new Keynesian approach to macroeconomics, especially when the attempt is made to merge into a single theoretical scheme models based on deeply different hypotheses. Moreover, the paper emphasizes the weaknesses of the efficiency-wage theory in proving the existence and stability of unemployment equilibrium.
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Titolo: | Some Questions for New Keynesians |
Autori: | |
Data di pubblicazione: | 1998 |
Abstract: | The essay points out the methodological difficulties arising within the new Keynesian approach to macroeconomics, especially when the attempt is made to merge into a single theoretical scheme models based on deeply different hypotheses. Moreover, the paper emphasizes the weaknesses of the efficiency-wage theory in proving the existence and stability of unemployment equilibrium. |
Handle: | http://hdl.handle.net/11580/12893 |
ISBN: | 0415123887 |
Appare nelle tipologie: | 2.1 Contributo in volume (Capitolo o Saggio) |
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