Keynes and the new Keynesians

The article uses Keynes’ ideas to analyze New Keynesian economics, its assumptionsand its most important corollaries. It examines the crucial assumption of New Keynesianeconomics: the stickiness of prices and wages. Concluded this analysis, these Keynesiannew-school’s results and methods are critici...

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Bibliographic Details
Author: Sicsú, João
Format: article
Status:Published version
Publication Date:1999
Country:Brasil
Institution:EDITORA 34
Repository:Revista de Economia Política
Language:Portuguese
OAI Identifier:oai:ojs2.centrodeeconomiapolitica.org:article/1058
Online Access:https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1058
Access Level:Open access
Keyword:Novo-keynesianismo
Keynes
história do pensamento econômico
New Keynesian economics
history of economic thought
Description
Summary:The article uses Keynes’ ideas to analyze New Keynesian economics, its assumptionsand its most important corollaries. It examines the crucial assumption of New Keynesianeconomics: the stickiness of prices and wages. Concluded this analysis, these Keynesiannew-school’s results and methods are criticized. One carries out the conclusion that onlyconflicts emerge in the relation between Keynes and New Keynesian economists. JEL Classification: B22; E12; B41.