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dc.contributor.authorHeise, Arneen_US
dc.date.accessioned2006-10-12en_US
dc.date.accessioned2009-08-06T11:16:18Z-
dc.date.available2009-08-06T11:16:18Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/27086-
dc.description.abstractPost Keynesian theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium but claims the existence of multiple equilibrium positions. In this article, such a multiple of equilibrium positions is explained by different market constellations which are characterised by different sets of institutions. political and cultural factors and historical circumstance in general and can be formed by collective bargaining systems and Central Banking designs as well as implicit or explicit mechanisms of coordination between key macroeconomic policy areas in particular. A market participation theory of economic policy based on market constellations may help to bridge the gap between nomocratic policy denial and teleocratic policy euphoria.en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. Wirtschaft und Politik Hamburgen_US
dc.relation.ispartofseriesArbeitspapiere für Staatswissenschaft 18en_US
dc.subject.jelE12en_US
dc.subject.jelE61en_US
dc.subject.ddc330en_US
dc.subject.keywordMarket constellationsen_US
dc.subject.keywordCentral Bank Independenceen_US
dc.subject.keywordCollective Bargaining systemen_US
dc.subject.stwWirtschaftspolitiken_US
dc.subject.stwMarkten_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwLohnpolitiken_US
dc.subject.stwInflationen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwPostkeynesianismusen_US
dc.subject.stwTheorieen_US
dc.subject.stwEU-Staatenen_US
dc.titleMarket constellations and macroeconomic policy-making: institutional impacts on economic performanceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn518700356en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:uhhafs:18-
Appears in Collections:Arbeitspapiere für Staatswissenschaften - Working Papers on Economic Governance, FB Sozialökonomie der Universität Hamburg

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