Some Thoughts on the Relevance of Macroeconomic Theories, and the Role of Real Rigidities

Edmond Malinvaud

Annals of Economics and Statistics, 1995, issue 37-38, 29-37

Abstract: I will give two parts to my paper. The first one will concern the relevance of macroeconomic theories, particularly of those pretending to capture imperfect competition. The second shorter one will concern the role of real rigidities, about which I believe I disagree with many economists, even among those using very similar approaches to mine.

Date: 1995
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