EconStor >
Bard College, Annandale-on-Hudson (NY) >
Levy Economics Institute of Bard College >
Working Papers, Levy Economics Institute of Bard College >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/31493
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorArestis, Philipen_US
dc.date.accessioned2010-05-14T11:08:18Z-
dc.date.available2010-05-14T11:08:18Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/31493-
dc.description.abstractThis paper is concerned with the New Consensus Macroeconomics (NCM) in the case of an open economy. It outlines and explains briefly the main elements of and way of thinking about the macroeconomy from the standpoint of both its theoretical and its policy dimensions. There are a few problems with this particular theoretical framework. We focus here on two important aspects closely related to NCM: the absence of banks and monetary aggregates from this theoretical framework, and the way the notion of the equilibrium real rate of interest” is utilized by the same framework. The analysis is critical of NCM from a Keynesian perspective.en_US
dc.language.isoengen_US
dc.publisherThe Levy Economics Inst. of Bard College Annandale-on-Hudson, NYen_US
dc.relation.ispartofseriesWorking papers // The Levy Economics Institute 564en_US
dc.subject.jelE10en_US
dc.subject.jelE12en_US
dc.subject.ddc330en_US
dc.subject.keywordNew consensus macroeconomicsen_US
dc.subject.keywordmonetary policyen_US
dc.subject.keywordbanksen_US
dc.subject.keywordmonetary aggregatesen_US
dc.subject.keywordequilibrium real rate of interesten_US
dc.titleNew consensus macroeconomics: a critical appraisalen_US
dc.typeWorking Paperen_US
dc.identifier.ppn605413819en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Working Papers, Levy Economics Institute of Bard College

Files in This Item:
File Description SizeFormat
605413819.pdf237.43 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.