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Titlebook: Keynesian Economics and Price Theory; Re-orientation of a Masayuki Otaki Book 2015 Springer Japan 2015 Advanced Keynesian Economics.Critiq

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發(fā)表于 2025-3-21 17:56:57 | 只看該作者 |倒序?yàn)g覽 |閱讀模式
書目名稱Keynesian Economics and Price Theory
副標(biāo)題Re-orientation of a
編輯Masayuki Otaki
視頻videohttp://file.papertrans.cn/543/542640/542640.mp4
概述Effective demand and involuntary unemployment theory, compatible with neoclassical dynamic microeconomics, excluding ad-hoc price stickiness and money in utility assumptions.Rigorous dynamic microecon
叢書名稱Advances in Japanese Business and Economics
圖書封面Titlebook: Keynesian Economics and Price Theory; Re-orientation of a  Masayuki Otaki Book 2015 Springer Japan 2015 Advanced Keynesian Economics.Critiq
描述.This book reconstructs Keynesian macroeconomics so that it is compatible with the neoclassical dynamic microeconomic theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in utility function (MIU). Based on the new theoretical finding that the Lucas model (1972) contains multiple equilibria, the author unifies Keynesian and monetarist theories within the same framework. The book applies the above basic theory to international macroeconomics and economic growth theory..New Keynesian theory contains logical inconsistencies: menu costs that have no close relationship with microeconomics and MIU, which implies that the money accumulated as wealth is never spent. These two assumptions do not proximate the real world. In this volume, the author discusses how various segregated theoretical approaches in macroeconomics relate to one another and proposes how to integrate them..
出版日期Book 2015
關(guān)鍵詞Advanced Keynesian Economics; Critique on Monetarism; Critique on New Keynesian Economics; Internationa
版次1
doihttps://doi.org/10.1007/978-4-431-55345-8
isbn_softcover978-4-431-56391-4
isbn_ebook978-4-431-55345-8Series ISSN 2197-8859 Series E-ISSN 2197-8867
issn_series 2197-8859
copyrightSpringer Japan 2015
The information of publication is updating

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發(fā)表于 2025-3-21 20:44:10 | 只看該作者
Price Theory in a Monetary Economyfunction of price changes entirely in a monetary economy. As is evident from daily life, the value of money (the inverse of the price index) is determined by rational belief concerning its future value in itself. If individuals confirm the future devaluation of money, this immediately raises the cur
板凳
發(fā)表于 2025-3-22 04:23:45 | 只看該作者
The Existence of an Involuntary Unemployment Equilibriumodel developed by McDonald and Solow plays an important role. Their theory depicted wage bargaining as Pareto-efficient allocations concerning the real wage and the employment level. However, such a negotiation structure presumes that the bargaining game is a simultaneous move. This assumption impli
地板
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The Phillips Curve and Inflation Theory Reconsiderede. It is assumed that a higher unemployment rate aggravates future labor productivity because unemployment curtails households’ income for educating their children. Stagnation in labor productivity triggers disinflation. This is because the unit cost of production becomes expensive relative to an ar
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A Basic Model of a Flexible Exchange Rate System Under Perfect Capital Mobility rigorous dynamic microeconomic foundation. The seminal work of Laursen and Metzler (1950) suggests that the employment isolation effect under a flexible exchange rate system is imperfect even if international capital mobility is completely prohibited. Assuming a small country model instead of the t
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發(fā)表于 2025-3-22 16:26:29 | 只看該作者
The Functions of a Key Currency: International Liquidity Provision and Insurancegests that this selection depends on the two plausible and inevitable economic factors that this study examines: overwhelming industrial power and the possession of large amounts of foreign assets and gold. Based on the acquisition of these economic factors, a key-currency country receives rents in
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Industrial Hollowing Under a Flexible Exchange Rate Systemoeconomic theory. With FDI there can be a conflict between individual firms and the national economy as a whole. Although lower wages may be an incentive for firms to take advantage of FDI, the resulting economic surge may harm the national economy. This comes about first because an increase in unem
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發(fā)表于 2025-3-23 09:27:21 | 只看該作者
On the Function of Gold Standard in Idealism and Realitysuch a devastating consequence as a deep worldwide depression. Two main reasons are identified. First, the income effect caused by product differentiation, which is entirely excluded in the purchasing power parity theory, played a key role. A depression in overseas territories cannot be canceled out
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