The Theory and Models of Keynesian Disequilibrium Macroeconomics

Tianhao Zhi
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Tianhao Zhi: Finance Discipline Group, UTS Business School, University of Technology, Sydney, http://www.uts.edu.au/about/uts-business-school/finance

No 185, Working Paper Series from Finance Discipline Group, UTS Business School, University of Technology, Sydney

Abstract: This paper critically reviews and examines the relationship between the origin of disequilibrium macroeconomic thinking by John Maynard Keynes, and the development of Keynesian disequilibrium macroeconomic models. Given that the two strands of literature are both plentiful, I will focus on discussing the essence of Keynesian disequilibrium thinking, and its implications of relevant models in the context of Keynes-Metzler-Goodwin and Weidlich-Haag-Lux approaches.

Keywords: disequilibrium macroeconomics; nonlinear economic dynamics; John Maynard Keynes; Hyman Minsky (search for similar items in EconPapers)
JEL-codes: B22 E12 E5 G21 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2016-02-01
New Economics Papers: this item is included in nep-ban, nep-his, nep-hpe, nep-mac, nep-mon and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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