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19 Oct 2023: Most important is the recognition that New Keynesian economics is trapped in an equilibrium framework that cannot. ... Post Keynesian Economics 20, No. 1, 47-76. Solow, Robert, 2000, 'Towards a Macroeconomics of the Medium Run”, Journal of Economic.

19 Oct 2023: Keynesian view, which assumes that the demand for credit is inelastic to fluctuations in. ... Arestis, P. and Karakitsos, E. (2008), “The US Housing Slump and the Consumer”, Journal of Post Keynesian Economics, 30 (3): 335-352.

19 Oct 2023: This aspect is treated in detail in the traditions of evolutionary economics (e.g. ... This isnot a new theoretical approach. In point of fact, it is at the roots of both Schumpeterian(Schumpeter, 1934, 1939) and Keynesian (Keynes, 1936) forms of

19 Oct 2023: Krugman,. for example, considers that most of the insights of Keynesian economics (the. ... Harcourt, G.C. (2008): The Structure of Post Keynesian Economics, The Core Contributions of the Pioneers, Cambridge: Cambridge University Press.

19 Oct 2023: If a distinction is made between equilibrium as merely a state of rest and a state of rest which is an optimal state, then Keynesian economics can also be interpreted as ... Consequently the usefulness of cointegration techniques to the Keynesian models

19 Oct 2023: Angeriz, A. and Arestis, P. (2009), “The Consensus View on Interest Rates and Fiscal Policy: Reality or Innocent Fraud?”, Journal of Post Keynesian Economics, Fortcoming. ... Arestis, P. and Sawyer, M. (2003), ‘Reinstating Fiscal Policy’, Journal

19 Oct 2023: On Accounting Identities, Simulation Experiments and Aggregate Production Functions: A Cautionary Tale for (Neoclassical) Growth Theorists. Jesus Felipe and John McCombie1. Forthcoming: in M. Setterfield, (ed.), Handbook of Alternative Theories of

19 Oct 2023: distribution and production, “European Journal of Economics and Economic Policies:. Intervention”, 2015, vol. ... Dutt, A.K. (2010), Keynesian growth theory in the 21th century, in P.

19 Oct 2023: Keynesian) growth models do not fully incorporate this issue, and hence they are unable to. ... approaches, such as Post-Keynesian and neo-Schumpeterian growth models, fully. incorporate the existence of different sectors with different characteristics

19 Oct 2023: 3. 1. Introduction. From a Keynesian perspective, economic growth is led by the growth of demand.