General equilibrium simulations and Keynesian economic analysis: some simple microfoundations from an old fashioned general equilibrium perspective.
Using a general equilibrium model that is completely free of macroeconomic aggregates, this paper addresses some questions that are central to macroeconomics. Keynes' underemployment equilibrium is replicated, but it is illustrated that this result rests on the assumption that stockholders are so pe...
| Publicado en: | American Journal of Economics & Sociology Vol. 59; no. 2; pp. 315 - 334 |
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| Formato: | Artículo |
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Wiley-Blackwell
April 2000
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| Acceso en línea: | Ver este registro en EBSCOhost |