Keynesian Theory and the AD-AS Framework: A Reconsideration

Contrary to what has been argued by a number of critics, the AD-AS framework is both internally consistent and in conformity with Keynes’s own analysis. Moreover, the eclectic approach to behavioral foundations allows models in this tradition to take into account aggregation problems as well as evidence from behavioral economics. Unencumbered by the straightjacket of optimizing microfoundations, the approach can provide a useful starting point for the analysis of dynamic macroeconomic interactions. In developing this analysis, the AD-AS approach can draw on insights from the Post Keynesian, neo-Marxian and structuralist traditions, as well as from the burgeoning literature on behavioral economics. JEL Categories: E12, O11, B22, B41, B50AS-AD, Keynes, New Keynesian theory, microeconomic foundations

Acoustic gravity waves: A computational approach

This paper discusses numerical solutions of a hyperbolic initial boundary value problem that arises from acoustic wave propagation in the atmosphere. Field equations are derived from the atmospheric fluid flow governed by the Euler equations. The resulting original problem is nonlinear. A first order linearized version of the problem is used for computational purposes. The main difficulty in the problem as with any open boundary problem is in obtaining stable boundary conditions. Approximate boundary conditions are derived and shown to be stable. Numerical results are presented to verify the effectiveness of these boundary conditions

Meson Mixing and Dilepton Production in Heavy Ion Collisions

We study the possibility of $\rho-a_0$ mixing via N-N excitations in dense nuclear matter. This mixing is found to induce a peak in the dilepton spectra at an invariant mass equal to that of the $a_0$. We calculate the cross section for dilepton production through mixing and we compare its size with that of $\pi-\pi$ annihilation. In-medium masses and mixing angles are also calculated. Some preliminary results of the mixing effect on the dilepton production rates at finite temperature are also presented.Comment: To be published in the proceedings of CIPANP 200