| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13406 |
| 来源ID | Working Paper 13406 |
| Aggregate Demand and Supply | |
| Roger E. A. Farmer | |
| 发表日期 | 2007-09-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper is part of a broader project that provides a microfoundation to the General Theory of J.M. Keynes. I call this project 'old Keynesian economics' to distinguish it from new-Keynesian economics, a theory that is based on the idea that to make sense of Keynes we must assume that prices are sticky. I describe a multi-good model in which I interpret the definitions of aggregate demand and supply found in the General Theory through the lens of a search theory of the labor market. I argue that Keynes' aggregate supply curve can be interpreted as the aggregate of a set of first order conditions for the optimal choice of labor and, using this interpretation, I reintroduce a diagram that was central to the textbook teaching of Keynesian economics in the immediate post-war period. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Consumption and Investment |
| URL | https://www.nber.org/papers/w13406 |
| 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/571078 |
| 推荐引用方式 GB/T 7714 | Roger E. A. Farmer. Aggregate Demand and Supply. 2007. |
| 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 | ||
| w13406.pdf（229KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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