CINECA IRIS Institutional Research Information System
IRIS è la soluzione IT che facilita la raccolta e la gestione dei dati relativi alle attività e ai prodotti della ricerca. Fornisce a ricercatori, amministratori e valutatori gli strumenti per monitorare i risultati della ricerca, aumentarne la visibilità e allocare in modo efficace le risorse disponibili.
EnglishThe aim of this paper is to show that the meaning of the well-known concepts of short period and long period is often unclear and may be seriously misleading when applied to macroeconomic analysis. Having explored some possible explanations for the difficulties in defining and applying these methodological tools at a 'macro' level, the conclusion is drawn that it would be preferable to abandon this terminology in classifying different aggregate models and simply to make explicit the given factors and the independent and dependent variables in each model, exaclty as Keynes did in Chapter 18 of his major work.
| Titolo: | Short period and long period in macroeconomics: an awkward distinction |
| Autori: | |
| Data di pubblicazione: | 2011 |
| Rivista: | |
| Abstract: | The aim of this paper is to show that the meaning of the well-known concepts of short period and long period is often unclear and may be seriously misleading when applied to macroeconomic analysis. Having explored some possible explanations for the difficulties in defining and applying these methodological tools at a 'macro' level, the conclusion is drawn that it would be preferable to abandon this terminology in classifying different aggregate models and simply to make explicit the given factors and the independent and dependent variables in each model, exaclty as Keynes did in Chapter 18 of his major work. |
| Handle: | http://hdl.handle.net/11580/16769 |
| Appare nelle tipologie: | 1.1 Articolo in rivista |
File in questo prodotto:
http://hdl.handle.net/11580/16769
Copyright © 2018