Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/31493 
Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Working Paper No. 564
Verlag: 
Levy Economics Institute of Bard College, Annandale-on-Hudson, NY
Zusammenfassung: 
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.
Schlagwörter: 
New consensus macroeconomics
monetary policy
banks
monetary aggregates
equilibrium real rate of interest
JEL: 
E10
E12
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
237.43 kB





Publikationen in EconStor sind urheberrechtlich geschützt.