This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their contributions be valued in the relation to other recent contributions to macroeconomics?
Working Paper No. 491
New Keynesianism and Aggregate Economic Activity
Working Paper
Reference
Lindbeck, Assar (1997). “New Keynesianism and Aggregate Economic Activity”. IFN Working Paper No. 491. Stockholm: Research Institute of Industrial Economics (IFN).
Lindbeck, Assar (1997). “New Keynesianism and Aggregate Economic Activity”. IFN Working Paper No. 491. Stockholm: Research Institute of Industrial Economics (IFN).
Author
Assar Lindbeck