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Article Dans Une Revue Brazilian journal of political economy Année : 2006

New-Consensus Macroeconomic Governance in a Keynesian world, and the Keynesian alternative

Résumé

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.
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Dates et versions

halshs-00139113 , version 1 (29-03-2007)

Identifiants

  • HAL Id : halshs-00139113 , version 1

Citer

Angel Asensio. New-Consensus Macroeconomic Governance in a Keynesian world, and the Keynesian alternative. Brazilian journal of political economy, 2006, 26 (4(104)), pp.537-551. ⟨halshs-00139113⟩
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