Post Keynesians versus New Keynesians on Imperfect Competition and Unemployment Equilibium

Andrea Boitani

Chapter 16 in The Notion of Equilibrium in the Keynesian Theory, 1992, pp 223-240 from Palgrave Macmillan

Abstract: Abstract Post Keynesian and New Keynesian Economics (hereafter PKE and NKE) can be considered as two rival research programmes in macroeconomics, although many New Keynesians may not take PKE too seriously and many Post Keynesians would regard NKE as altogether non Keynesian.

Keywords: Real Wage; Nominal Wage; Imperfect Competition; Coordination Failure; Perfect Competition (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22086-1_16

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DOI: 10.1007/978-1-349-22086-1_16

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