New-consensus macroeconomic governance in a Keynesian world, and the Keynesian alternative



Document title: New-consensus macroeconomic governance in a Keynesian world, and the Keynesian alternative
Journal: Revista de economia politica
Database: CLASE
System number: 000280378
ISSN: 0101-3157
Authors: 1
Institutions: 1Universite de Paris XIII (Paris-Nord), Centre d'Economie, París. Francia
Year:
Season: Oct-Dic
Volumen: 26
Number: 4
Pages: 537-551
Country: Brasil
Language: Inglés
Document type: Artículo
Approach: Analítico, teórico
English abstract 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-ergodic regimes. It put forward Keynesian principles of governance which include monetary, budgetary and fiscal instruments, and suggest new directions for the positive and normative analysis of macro-policies
Disciplines: Economía
Keyword: Teorías económicas,
Macroeconomía,
Gobernabilidad económica,
Política fiscal,
Política monetaria,
Monetary policy,
Keynes, John Maynard,
Teoría económica
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