Keynesian and classical theories: static and dynamic perspectives

被引：0
|
作者：
Hiroki Murakami
机构：
[1] Chuo University,Faculty of Economics
来源：
Evolutionary and Institutional Economics Review | 2022年 / 19卷
关键词：
Classical theory; Keynesian theory; Long-run stability; Wage flexibility; C62; E12; E13; E24;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper reexamines the fundamental difference between the Keynesian and classical theories from both static and dynamic perspectives. It is shown that the rigidity of wages plays a pivotal role in the distinction between these theories in statics and that they can be differentiated in terms of long-run stability in dynamics.
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页码：343 / 367
页数：24
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