Behavioural Macroeconomics and the Aggregate Supply Puzzle
Steinar Holden ()
Nordic Journal of Political Economy, 2004, vol. 30, 27-35
The paper provides a short and simplified overview of important deviations from the economic man assumption that have been documented in research by cognitive psychologists and experimental economists. After the overview, I proceed to look at one specific topic within macroeconomics – the short run aggregate supply schedule – and discuss whether theories based on behavioural assumptions might perhaps resolve weaknesses in the more traditional approach.
Keywords: behavioural macroeconomics; bounded rationality; aggregate supply (search for similar items in EconPapers)
JEL-codes: E31 E52 D6 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:noj:journl:v:30:y:2004:p:27-35
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