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picture1_Classical Economics Pdf 128636 | Discussno337


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File: Classical Economics Pdf 128636 | Discussno337
Discussion Paper No.337 Keynesian and classical theories: static and dynamic perspectives Hiroki Murakami Faculty of Economics, Chuo University October 2020 INSTITUTE OF ECONOMIC RESEARCH Chuo University Tokyo, Japan Keynesian ...

icon picture PDF Filetype PDF | Posted on 14 Oct 2022 | 2 years ago

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...Discussion paper no keynesian and classical theories static dynamic perspectives hiroki murakami faculty of economics chuo university october institute economic research tokyo japan abstract this reexamines the fundamental dierence between from both it is shown that rigidity wages plays a pivotal role in distinction these statics they can be dierentiated terms long run stability dynamics keywords theory wage exibility jel classication c e introduction exaggeration to say development macroeconomics has been stimulated by controversies thekeynesianandclassicaltheories generallyspeaking thekeynesiantheoryallowsfortheexistenceofinvoluntary unemployment while does not there have lot arguments on similarities dissimilarities them main topic cause conclusion purpose reconsider organized as follows section summarizes properties viewpoint conrms modigliani s claim due nominal presents dierent view term perspective two systems with features are examined consider demonstrated same equilibrium tot...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 14 Oct 2022 | 2 years ago
										
										
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