A Theory of Pseudo-Wealth

Martin Guzman and Joseph Stiglitz

Chapter 3 in Contemporary Issues in Macroeconomics, 2016, pp 21-33 from Palgrave Macmillan

Abstract: Abstract Recent events in the US and Europe have witnessed the limitations of conventional macroeconomic models to predict and explain large economic recessions and crises, and to provide guidance for policies that attempt to resolve them.

Keywords: Labor Supply; Labor Income; Aggregate Demand; Tradable Good; Aggregate Consumption (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (5)

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DOI: 10.1057/9781137529589_4

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