New Keynesians versus Post Keynesians on the theory of prices

Jordan Melmiès ()

Post-Print from HAL

Abstract: The aim of this paper is to compare New Keynesian and Post Keynesian economics on the theory of prices. In the past two decades, there has been a revival in explanations of price rigidity with the emergence of the "new Keynesian" economists. These economists try to explain the price stickiness that all of the empirical studies on the topic confirm. This paper takes up the question of whether these study findings are compatible with the Post Keynesian theory of prices. On a deeper level, the paper explores the compatibility between the new Keynesian and Post Keynesian theory of prices.

Keywords: sticky prices; auctioneer; new Keynesian economics; Post Keynesian economics; price theory; sticky prices. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Published in Journal of Post Keynesian Economics, 2010, 32 (3), pp.445-466

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: New Keynesians versus Post Keynesians on the theory of prices (2010)
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:hal:journl:halshs-00864269

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().