The modern view of macroeconomics : some critical reflections /
Romer has proposed an alternative macroeconomic framework, i.e., the IS-MP-IA model. Its proponents claim that it constitutes a "modern" view of macroeconomics. We show that the new framework is closely attached to the neoclassical synthesis and, in addition, fails to take...
Guardado en:
| Autor principal: | |
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| Autor Corporativo: | |
| Formato: | Libro electrónico |
| Lenguaje: | Inglés |
| Publicado: |
Madrid :
Universidad Complutense de Madrid,
2002.
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| Colección: | Documento de trabajo ;
2002-017 |
| Materias: | |
| Acceso en línea: | https://eprints.ucm.es/6796/1/0217.pdf |
| Aporte de: | Registro referencial: Solicitar el recurso aquí |
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| 100 | 1 | |a Palacio Vera, Alfonso |9 69636 | |
| 245 | 1 | 4 | |a The modern view of macroeconomics : |b some critical reflections / |c Alfonso Palacio Vera ; [Facultad de Ciencias Económicas y Empresariales, Universidad Complutense de Madrid]. |
| 260 | |a Madrid : |b Universidad Complutense de Madrid, |c 2002. | ||
| 300 | |a 36 p. : |b graf. ; |c 30 cm. | ||
| 490 | 0 | |a Documento de trabajo ; |v 2002-017 | |
| 504 | |a Incluye referencias bibliográfica (p. 29-36) | ||
| 520 | 3 | |a Romer has proposed an alternative macroeconomic framework, i.e., the IS-MP-IA model. Its proponents claim that it constitutes a "modern" view of macroeconomics. We show that the new framework is closely attached to the neoclassical synthesis and, in addition, fails to take account of: (i) the recent empirical evidence on the short-run output-inflation trade-off, (ii) the recent work and evidence on the interdependence of aggregate demand and supply, (iii) the lirnits of monetary policy and (iv) the consequences for demand-management policy of (i), (ii) and (iii). Once all these aspects are incorporated, we have that short-run stabilization policy is non-neutral in the long run, loanable funds theory becomes irrelevant and aggregate demand becomes the crucial exogenous variable in the short run and, perhaps, also in the long run. | |
| 530 | |a Disponible también el línea. | ||
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| 650 | 7 | |a Macroeconomía |2 unesco |9 7872 | |
| 710 | 2 | |a Universidad Complutense de Madrid. |b Facultad de Ciencias Económicas y Empresariales. |9 75640 | |
| 856 | 4 | 1 | |u https://eprints.ucm.es/6796/1/0217.pdf |
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