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Research Institute of Industrial Economics (IFN) Working Paper Series

No 491:
New Keynesianism and Aggregate Economic Activity

Assar Lindbeck ()

Abstract: This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their contributions be valued in the relation to other recent contributions to macroeconomics?

Keywords: Economic Theory; Macroeconomics; (follow links to similar papers)

JEL-Codes: B22; B31; E12; (follow links to similar papers)

20 pages, May 29, 1997

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