New-consensus macroeconomic governance in a keynesian world, and the keynesian alternative

Angel Asensio ()

Brazilian Journal of Political Economy, 2006, vol. 26, issue 4, 537-551

Abstract: The paper presents both the New Consensus and Keynesian equilibrium within the usual four competitive macro-markets structure. It gives theoretical explanations of the pernicious effects that the NCM governance, which has been designed for ergodic stationary regimes, brings about in Keynesian non-ergodic regimes. It put forward Keynesian principles of governance which include monetary, budgetary and fiscal instruments, and suggest new directions for the positive and normative analysis of macro-policies. JEL Classification: E10, 12, 13, 60, 61, 62, 63.

Keywords: fiscal policy; Macroeconomic governance; monetary policy; post- Keynesian (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://centrodeeconomiapolitica.org.br/repojs/ind ... article/view/614/612 (application/pdf)

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: https://EconPapers.repec.org/RePEc:ekm:repojs:v:26:y:2006:i:4:p:537-551:id:614

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().