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.

Some Questions for New Keynesians

D'ORLANDO, Fabio;NISTICO', Sergio
1998-01-01

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.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11580/12893
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
social impact