Keynes and the new Keynesians

João Sicsú ()

Brazilian Journal of Political Economy, 1999, vol. 19, issue 2, 329-349

Abstract: The article uses Keynes’ ideas to analyze New Keynesian economics, its assumptionsand its most important corollaries. It examines the crucial assumption of New Keynesianeconomics: the stickiness of prices and wages. Concluded this analysis, these Keynesiannew-school’s results and methods are criticized. One carries out the conclusion that onlyconflicts emerge in the relation between Keynes and New Keynesian economists. JEL Classification: B22; E12; B41.

Keywords: New Keynesian economics; Keynes; history of economic thought (search for similar items in EconPapers)
Date: 1999
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