advantages of microfoundations: Microfoundations provides a modelling structure where data may not be very informative. Microfoundations avoids the Lucas...
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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...
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...
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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
Consciousness Studies, 5 (1) p 72. Tsoukalas, I. (2007). Exploring the Microfoundations of Group Consciousness. Culture and Psychology, 13(1), 39-81. Ernst...
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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...
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
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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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
pp68 – 75, 2009. Barney, Jay; Felin, Teppo (May 2013). "What Are Microfoundations?". Academy of Management Perspectives. 27 (2): 138–155. doi:10.5465/amp...
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Yonghong (2013-05-01). "The Power of Instability: Unraveling the Microfoundations of Bargained Authoritarianism in China". American Journal of Sociology...
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scroll down. pp. 34-58. • _____ (1967). "A Reconsideration of the Microfoundations of Monetary Theory," Western Economic Journal, 6(1), pp. 1–8 (press...
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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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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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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
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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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...
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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...
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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
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
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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hdl:1803/15745. Carlsson, Mikael; Nordström Skans, Oskar (2012). "Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm-Level Data...
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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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original (PDF) on 2014-12-16. Retrieved 2014-12-16. Horwitz, Steven: Microfoundations and Macroeconomics: An Austrian Perspective (2000). Routledge. Garrison...
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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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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