advantages of microfoundations: Microfoundations provides a modelling structure where data may not be very informative. Microfoundations avoids the Lucas...
17 KB (1,901 words) - 00:57, 7 October 2024
Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
20 KB (2,834 words) - 17:55, 31 October 2024
New Keynesians adopted rational expectations and built models with microfoundations of sticky prices that suggested recessions could still be explained...
119 KB (13,302 words) - 00:14, 15 September 2024
This is in contrast with its rival new Keynesian school that uses microfoundations, such as price stickiness and imperfect competition, to generate macroeconomic...
16 KB (1,880 words) - 10:46, 21 June 2024
stochastic general equilibrium models that are explicitly based on microfoundations, often distinguish households, firms, and governments or central banks...
6 KB (634 words) - 12:25, 6 September 2024
constraints) that are assumed to govern individual behavior: so-called "microfoundations." If these models can account for observed empirical regularities,...
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critique, much of modern macroeconomic theories has been built upon microfoundations—i.e., based upon basic assumptions about micro-level behavior. Microeconomic...
49 KB (5,884 words) - 03:47, 27 August 2024
aimed at stabilizing the business cycle are welfare-reducing. Since microfoundations are based on the preferences of decision-makers in the model, DSGE...
51 KB (5,998 words) - 09:31, 29 July 2024
Consciousness Studies, 5 (1) p 72. Tsoukalas, I. (2007). Exploring the Microfoundations of Group Consciousness. Culture and Psychology, 13(1), 39-81. Ernst...
19 KB (2,230 words) - 18:41, 22 October 2024
Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
122 KB (14,096 words) - 13:13, 30 October 2024
Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
63 KB (6,969 words) - 19:14, 24 October 2024
macroeconomists, including new Keynesians, reformulated their models with microfoundations, in which microeconomic concepts play a major part. Sometimes an economic...
175 KB (17,849 words) - 17:31, 15 October 2024
depend primarily on "the state of long-term expectations." Those are microfoundations. Keynes, John M. (1936). The General Theory of Employment, Interest...
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Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
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PhD in economics in 1992. His doctoral thesis was titled Essays in Microfoundations of Macroeconomics: Contracts and Economic Performance. His doctoral...
96 KB (8,797 words) - 16:26, 1 November 2024
pp68 – 75, 2009. Barney, Jay; Felin, Teppo (May 2013). "What Are Microfoundations?". Academy of Management Perspectives. 27 (2): 138–155. doi:10.5465/amp...
116 KB (14,906 words) - 05:10, 28 October 2024
Yonghong (2013-05-01). "The Power of Instability: Unraveling the Microfoundations of Bargained Authoritarianism in China". American Journal of Sociology...
35 KB (3,715 words) - 20:38, 24 October 2024
scroll down. pp. 34-58. • _____ (1967). "A Reconsideration of the Microfoundations of Monetary Theory," Western Economic Journal, 6(1), pp. 1–8 (press...
49 KB (6,061 words) - 23:41, 24 September 2024
classical macroeconomics. Both sought to rebuild macroeconomics using microfoundations to explain macroeconomic phenomena using microeconomics. Over the course...
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Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
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competition, and hence supply. Some programs then specify a course in microfoundations, where the macroeconomic models are derived by aggregating microeconomic...
26 KB (1,661 words) - 19:52, 26 September 2024
Rynkiewich Délano Alonso, Alexandra; Mylonas, Harris (12 March 2019). "The microfoundations of diaspora politics: unpacking the state and disaggregating the diaspora"...
94 KB (9,994 words) - 18:08, 22 October 2024
Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
139 KB (15,724 words) - 15:46, 20 October 2024
Democratic peace theory (section Microfoundations)
Recent work into the democratic norms explanations shows that the microfoundations on which this explanation rest do not find empirical support. Within...
164 KB (20,090 words) - 01:13, 4 September 2024
Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
130 KB (15,335 words) - 23:16, 2 September 2024
Christopher H. (June 2002). "Toward a new political methodology: Microfoundations and ART". Annual Review of Political Science. 5 (1): 423–450. doi:10...
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Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
139 KB (14,502 words) - 17:44, 25 October 2024
original (PDF) on 2014-12-16. Retrieved 2014-12-16. Horwitz, Steven: Microfoundations and Macroeconomics: An Austrian Perspective (2000). Routledge. Garrison...
59 KB (6,268 words) - 20:04, 29 October 2024
Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
95 KB (9,840 words) - 16:43, 30 October 2024
Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
48 KB (5,457 words) - 04:00, 23 October 2024