Introduction to Keynesian Dynamics
نویسندگان
چکیده
منابع مشابه
Introduction to the New Keynesian Phillips Curve
I n most industrialized economies inflation tends to be pro-cyclical; that is, inflation is high during times of high economic activity. When economic activity is measured by the unemployment rate this statistical relationship is known as the Phillips curve. The Phillips curve is sometimes viewed as a menu for monetary policymakers, that is, they can choose between high inflation and low unempl...
متن کاملA Brief Introduction to Post Keynesian Macroeconomics
I begin by setting out the core of Post Keynesian macroeconomics, and then distinguish three schools within Post Keynesian theory: the fundamentalist Keynesian approach taken by Paul Davidson, the Kaleckian variant represented by Eckhard Hein, and Hyman Minsky’s financial instability hypothesis. I continue by identifying what Post Keynesian macroeconomics is not, and outlining some very substan...
متن کاملNew Keynesian perspectives on labor market dynamics
We find that demand shocks play an important role for business-cycle fluctuations in unemployment and job vacancies. The reason is that those shocks give a strong incentive to demand-constrained firms to adjust production and thereby labor input. Furthermore we argue that whether real wage rigidity à la Hall [2005. Employment fluctuations with equilibrium wage stickiness. American Economic Revi...
متن کاملIntroduction to Terminal Dynamics
This paper introduces terminal dynamics as a set of ordinary differential equat ions which does not possess a unique solut ion, due to violation of the Lipschitz condition at equilibrium points. Each equilibrium point represents a terminal attractor that is approached in finite time or a terminal repeller for which th e solut ion splits into two equally probable branches. This property introduc...
متن کاملIntroduction to Symbolic Dynamics
We give an overview of the field of symbolic dynamics: its history, applications and basic definitions and examples.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Econometrica
سال: 1958
ISSN: 0012-9682
DOI: 10.2307/1907626