Keynesian Economics and Price 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.
Chapter 1 Introduction.- Part 1 Keynesian Economics and Price Theory.- Chapter 2 Price Theory in a Monetary Economy.- Part 2 Applications to Labor Economics and Inflation Theory.- Chapter 3 The Existence of an Involuntary Unemployment Equilibrium.- Chapter 4 The Phillips Curve and Inflation Theory Reconsidered.- Part 3 Applications to International Economics.- Chapter 5 A Basic Model of a Flexible Exchange Rate System under Perfect Capital Mobility.- Chapter 6 The Functions of a Key Currency: International Liquidity Provision and Insurance.- Chapter 7 On the Necessity of Optimum Currency Areas: The Case for Perfect Capital Mobility and Immobile Labor Forces.- Chapter 8 Universal Discipline or Individual Discipline: On the Viability of the Eurozone as a Nonadjustable Local Fixed Exchange Rate Regime.- Chapter 9 Industrial Hollowing Under a Flexible Exchange Rate System .- Chapter 10 On the Function of Gold Standard in Idealism and Reality.- Part 4 Applications to Economic Growth Theory.- Chapter 11 Dexterity as a Source of Economic Growth.- Chapter 12 Monetary Economic Growth Theory under Perfect Competition: Can Monetary Expansion Really Enhance Economic Growth?.- Chapter 13 A Keynesian Monetary Growth Model under Monopolistic Competition: Is Economic Growth Sustainable without Government Help?.- Part 5 Critiques of the Existing Monetary Theories.- Chapter 14 A Critique of Lucas' Theory.- Chapter 15 Does the Search Model Succeed in Describing a Monetary Economy?.
| Reihe/Serie | Advances in Japanese Business and Economics ; 7 |
|---|---|
| Zusatzinfo | 1 Illustrations, color; 21 Illustrations, black and white; XV, 207 p. 22 illus., 1 illus. in color. |
| Verlagsort | Tokyo |
| Sprache | englisch |
| Maße | 155 x 235 mm |
| Themenwelt | Wirtschaft ► Allgemeines / Lexika |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie | |
| Schlagworte | Advanced Keynesian Economics • Critique on Monetarism • Critique on New Keynesian Economics • International Keynesian Economics • Keynesian Economic Growth Theory |
| ISBN-10 | 4-431-55344-4 / 4431553444 |
| ISBN-13 | 978-4-431-55344-1 / 9784431553441 |
| Zustand | Neuware |
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