LIMA, Luiz Antonio de Oliveira
Alguns aspectos críticos da "nova macroeconomia Keynesiana" - São Paulo : Nobel, abr./jun. 1994
This paper argues that the new keynesian macroeconomics presents some weak points by ignoring the long-run effects of aggregate demand on the working of the economic system. In order to introduce this reality, the paper shows that it is necessary to define the relationships between real wage and unemployment in a manner that sheds light on the crucial policies of employment and growth. This is done by introducing an investment function which makes possible to determine different long run paths for the economy according to the state of the animal spirits of the entrepreneurs
Alguns aspectos críticos da "nova macroeconomia Keynesiana" - São Paulo : Nobel, abr./jun. 1994
This paper argues that the new keynesian macroeconomics presents some weak points by ignoring the long-run effects of aggregate demand on the working of the economic system. In order to introduce this reality, the paper shows that it is necessary to define the relationships between real wage and unemployment in a manner that sheds light on the crucial policies of employment and growth. This is done by introducing an investment function which makes possible to determine different long run paths for the economy according to the state of the animal spirits of the entrepreneurs
