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1 |
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|a Palacio Vera, Alfonso
|9 69636
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| 245 |
1 |
4 |
|a The modern view of macroeconomics :
|b some critical reflections /
|c Alfonso Palacio Vera ; [Facultad de Ciencias Económicas y Empresariales, Universidad Complutense de Madrid].
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| 260 |
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|a Madrid :
|b Universidad Complutense de Madrid,
|c 2002.
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| 300 |
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|a 36 p. :
|b graf. ;
|c 30 cm.
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| 490 |
0 |
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|a Documento de trabajo ;
|v 2002-017
|
| 504 |
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|a Incluye referencias bibliográfica (p. 29-36)
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| 520 |
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|a Romer has proposed an alternative macroeconomic framework, i.e., the IS-MP-IA model. Its proponents claim that it constitutes a "modern" view of macroeconomics. We show that the new framework is closely attached to the neoclassical synthesis and, in addition, fails to take account of: (i) the recent empirical evidence on the short-run output-inflation trade-off, (ii) the recent work and evidence on the interdependence of aggregate demand and supply, (iii) the lirnits of monetary policy and (iv) the consequences for demand-management policy of (i), (ii) and (iii). Once all these aspects are incorporated, we have that short-run stabilization policy is non-neutral in the long run, loanable funds theory becomes irrelevant and aggregate demand becomes the crucial exogenous variable in the short run and, perhaps, also in the long run.
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| 530 |
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|a Disponible también el línea.
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| 595 |
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|d 2450
|e 14/05/2010
|f 4564 EYN
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| 650 |
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7 |
|a Macroeconomía
|2 unesco
|9 7872
|
| 710 |
2 |
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|a Universidad Complutense de Madrid.
|b Facultad de Ciencias Económicas y Empresariales.
|9 75640
|
| 856 |
4 |
1 |
|u https://eprints.ucm.es/6796/1/0217.pdf
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