Economics at your fingertips  

Estimation of the specific features of the New Keynesian Doctrine, compared to other schools in modern macroeconomics

Alla Kirova ()

Economic Thought journal, 2010, issue 1, 28-45

Abstract: Based on the analysis from the position of the New Keynesian approach of the critical literature and the publications of the New Keynesians, the principal distinctions are defined between their conceptions in the field of the macroeconomic theory and those of the „Old“ Keynesians, Neo- and mainly New Classic economists, whose concept along with that of the New Keynesians is an integral part of the modern mainstream economics. The analysed distinctions are classified in three main lines – in methodological, conceptual and practical aspects. Summary and estimation of the critical notes of the New Keynesians in reference to the cardinal for the New Classic economists theories for the rational expectations and the real business cycle are completed. As a result of the accomplished comparative analysis some common conclusions and estimations for the added value of the New Keynesian doctrine to the development of the macroeconomics are suggested.

JEL-codes: B22 B41 E12 E13 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) ... 2d-b9c5-cfbf0b94a140
Fee access

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Economic Thought journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC.
Bibliographic data for series maintained by Diana Dimitrova ().

Page updated 2020-11-20
Handle: RePEc:bas:econth:y:2010:i:1:p:28-45