Samenvatting
In the 1980s theoretical research in macroeconomics was dominated by what has become known as new-Keynesian economics. The principal aim of new-Keynesian economics is to explain how Keynesian results can be reconciled with the neo-classical principles of utility and profit maximization. This paper provides a survey and an assessment of New Keynesian economics. In our view, the theoretical foundation of new-Keynesian economics would be strengthened if more institutional detail is added to the analysis. The real challenge for new-Keynesian economics is to develop macrocconomics (and microeconomics) from a theory that takes the working of markets seriously.
| Originele taal-2 | English |
|---|---|
| Pagina's (van-tot) | 323-352 |
| Aantal pagina's | 30 |
| Tijdschrift | De Economist |
| Volume | 141 |
| Nummer van het tijdschrift | 3 |
| Status | Published - 1993 |