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Monday, August 19, 2019
 Startseite » Ökonomie  » Ökonomische Analyse  » Makroökonomie 
New Consensus Macroeconomics and Keynesian critique
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New Consensus Macroeconomics and Keynesian critique

21 Seiten · 3,31 EUR
(Oktober 2009)

 
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The chapter on “New Consensus Macroeconomics and Keynesian critique” by Philip Arestis is concerned with the New Consensus Macroeconomics in the case of an open economy. It outlines and explains briefly the main elements and way of thinking about the macro economy from the point of view of both its theoretical and policy dimensions. The main focus of this contribution, though, is the discussion of two important aspects closely related to the New Consensus Macroeconomics. These are the absence of banks and monetary aggregates from this theoretical framework and the use of the ‘equilibrium real rate of interest’ by the same framework. The analysis is critical of the New Consensus Macroeconomics from a Keynesian perspective.


zitierfähiger Aufsatz aus ...
Macroeconomic Policies on Shaky Foundations – Whither Mainstream Economics?
Eckhard Hein, Torsten Niechoj, Engelbert Stockhammer (eds.):
Macroeconomic Policies on Shaky Foundations – Whither Mainstream Economics?
the author
Prof. Dr. Philip Arestis
Philip Arestis

Professor of Economics an der University of Cambridge, Großbritannien, und am Levy Economics Institute of Bard College, Annandale-on-Hudson, New York, USA. He is Chief Academic Adviser to the UK Government Economic Service (GES) on Professional Developments in Economics.

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