| 000 | 01024pab a2200193 454500 | ||
|---|---|---|---|
| 008 | 180718b2007 xxu||||| |||| 00| 0 eng d | ||
| 100 | _aLavoie, Marc | ||
| 245 | _aCapacity utilization, inflation, and monetary policy: the Dumenil and Levy Marco Model and the new Keynesian consensus | ||
| 260 | _c2007 | ||
| 300 | _ap.586-98. | ||
| 362 | _aFall | ||
| 520 | _aThe article considers the adjustment toward long-run equilibrium within the Dumenil and Levy macro model, with modifications. Findings show that long-run convergence to fully adjusted positions with normal utilization is not achieved when a more realistic reaction function is proposed. Classical equilibrium occurs when a vertical Phillips curve is substituted, but the model is isomorphic to the "new consensus" model and to features of "new" endogenous growth theory. - Reproduced. | ||
| 650 | _aInflation | ||
| 650 | _aMonetary policy | ||
| 700 | _aKriesler, Peter | ||
| 773 | _aReview of Radical Political Economics | ||
| 908 | _aN | ||
| 909 | _a77034 | ||
| 999 |
_c77034 _d77034 |
||