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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
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| DC Field | | Value | | Language |
| dc.contributor.author | | Arestis, Philip | | en_US |
| dc.date.accessioned | | 2010-05-14T11:08:18Z | | - |
| dc.date.available | | 2010-05-14T11:08:18Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/31493 | | - |
| dc.description.abstract | | This 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.iso | | eng | | en_US |
| dc.publisher | | The Levy Economics Inst. of Bard College Annandale-on-Hudson, NY | | en_US |
| dc.relation.ispartofseries | | Working papers // The Levy Economics Institute 564 | | en_US |
| dc.subject.jel | | E10 | | en_US |
| dc.subject.jel | | E12 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | New consensus macroeconomics | | en_US |
| dc.subject.keyword | | monetary policy | | en_US |
| dc.subject.keyword | | banks | | en_US |
| dc.subject.keyword | | monetary aggregates | | en_US |
| dc.subject.keyword | | equilibrium real rate of interest | | en_US |
| dc.title | | New consensus macroeconomics: a critical appraisal | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 605413819 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Working Papers, Levy Economics Institute of Bard College
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