Please use this identifier to cite or link to this item:
Benassi, Corrado
Chirco, Alessandra
Colombo, Caterina
Year of Publication: 
Series/Report no.: 
Quaderni - Working Paper DSE No. 255
This paper contrasts the descriptive and normative properties of the New Keynesian general equilibrium models with those of other Keynesian paradigms, such as the neoclassical sintesi and the post Keynesian ones. We argue that the co-ordination failures, which are pivotal within the New Keynesian setup deliver an alternative picture of the market economies with respect to three key Keynesian issues: the interpretation of the failure of Say's Law, the monetary nature of the economy, the role of the state within a market economy.
Persistent Identifier of the first edition: 
Creative Commons License:
Document Type: 
Working Paper

Files in This Item:
374.1 kB

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