Topics in Classical Micro- and Macroeconomics: Elements of a Critique of Neoricardian Theory
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On the stabilizing potential of fiscal and monetary policy rules in a Keynesian model of monetary growth. You can help correct errors and omissions.
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Flaschel, Peter (1943-)
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Flaschel, Peter [WorldCat Identities]
Economic literature: papers , articles , software , chapters , books. Registered: Thomas I. The short-run macroeconomic effectiveness of fiscal policy depends on the effect of policy on AD and the effect of AD on output. This paper examines how macroeconomic perspectives Keynesian, Post Keynesian, monetarist, classical, new classical, and new Keynesian describe the effect of AD on output, thereby making or denying space for fiscal policy to impact output.
Chinese studies on the Transformation Problem : A Critical Review
The NRH turns on the microeconomic behavior of households and can therefore hold in principle in both classical and Keynesian models. Recent new Keynesian arguments about fiscal policy being effective at the zero lower bound represent another capital market imperfection critique of the NRH. Handle: RePEc:imk:wpaper as. Corrections All material on this site has been provided by the respective publishers and authors. Louis Fed.