By Jagdish Handa
This book's many insights and techniques comprise: discarding the classical ideas of the long term and the fast run in favour of the behavioural ideas of the making plans interval (the long-term) and the quick time period (the working period); discarding the exogenous construction functionality in favour of an endogenous one; distinguishing among the temporary and the long term construction features; changing the dynamic stochastic notional basic equilibrium (DSGE) strategy for the fast time period through a extra basic one who allows powerful equilibrium and disequilibrium in particular markets; and, a reformulation of the monetary zone research and of the Keynesian company cycle theory.
This thoroughgoing revision of macroeconomics is must-read for macroeconomists, policymakers and graduate scholars. it will probably also be used as a textbook by way of teachers who query the inherited orthodoxy outfitted round the DSGE version and are trying to find another formula of macroeconomics.
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A Reformulation of Keynesian Economics by Jagdish Handa