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Notas críticas sobre a macroeconomia novo-Keynesiana Critical notes on new-Keynesian macroeconomics

By Cláudio Gontijo

Abstract

<abstract language="eng">This article shows that, in spite of its great steps towards reality, new-Keynesian macroeconomics seems to be a non-systematic construction with problems originated from "ad hoc" hypothesis required to explain the non neutrality of money and the existence of disequilibria in the short run. In particular, it seems that prices and wages rigidities stand in sandy bases and that the derivation of the IS and LM curves from neoclassical fundamentals is problematic. Even disregarding the apparent difficulties of the neoclassical theory of value and distribution, the new-Keynesian connections between interest rate, money, and output do not seem fully consistent

Topics: macroeconomics, new-Keynesian theory, non-neutrality of money, price and wage rigidities, nominal and real rigidities, IS and LM curves, new-Keynesian Phillips curve, Taylor rule, Economic theory. Demography, HB1-3840, Social Sciences, H, DOAJ:Economics, DOAJ:Business and Economics, Political science (General), JA1-92, Political science, J, DOAJ:Political Science, DOAJ:Law and Political Science, Economics as a science, HB71-74
Publisher: Editora 34
Year: 2009
DOI identifier: 10.1590/S0101-31572009000200007
OAI identifier: oai:doaj.org/article:54cb779fec594f8f9d28932f10ce69d8
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  • https://doaj.org/article/54cb7... (external link)
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