| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w0376 |
| 来源ID | Working Paper 0376 |
| Towards A Reconstruction of Keynesian Economics: Expectations and Constrained Equilibria | |
| J. Peter Neary; Joseph E. Stiglitz | |
| 发表日期 | 1979-08-01 |
| 出版年 | 1979 |
| 语种 | 英语 |
| 摘要 | A two-period model of temporary equilibrium with rationing is presented, paying particular attention to agents' expectations of future constraints. it is shown that with arbitrary constraint expectations many different types of current equilibria may be consistent with the same set of (current and expected future) wages and prices, and that constraint expectations tend to be self-fulfilling (e.g., a higher expectation of Keynesian unemployment tomorrow increases the probability that it will prevail today). In addition, rational constraint expectations (i.e., perfect foresight of future constraint levels) are shown to enhance rather than reduce the effectiveness of government policy. |
| 主题 | Other |
| URL | https://www.nber.org/papers/w0376 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557551 |
| 推荐引用方式 GB/T 7714 | J. Peter Neary,Joseph E. Stiglitz. Towards A Reconstruction of Keynesian Economics: Expectations and Constrained Equilibria. 1979. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w0376.pdf（380KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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