New-consensus macroeconomic governance in a Keynesian world, and the Keynesian alternative
The paper presents both the New Consensus and Keynesian equilibrium within the usual four competitive macro-markets structure. It gives theoretical explanations of the pernicious effects that the NCM governance, which has been designed for ergodic stationary regimes, brings about in Keynesian non-er...
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| Format: | Article |
| Language: | English |
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Editora 34
2006-12-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572006000400004 |