Definition of microfoundation. Meaning of microfoundation. Synonyms of microfoundation

Here you will find one or more explanations in English for the word microfoundation. Also in the bottom left of the page several parts of wikipedia pages related to the word microfoundation and, of course, microfoundation synonyms and on the right images related to the word microfoundation.

Definition of microfoundation

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Meaning of microfoundation from wikipedia

- in economics, the term microfoundations refers to the microeconomic analysis of the behavior of individual agents such as households or
- he is credited with having largely created the field of stock-flow analysis in economics and with seminal works on the microfoundations
- modern analysis has attempted to provide microfoundations for the demand for money and to distinguish valid nominal and real monetary
- the economy particularly in the wake of the lucas critique , much of modern macroeconomic theory has been built upon 'microfoundations '—i.e.
- the lucas critique and microfoundations: in 1976 lucas wrote a paper. last lucas , first robert , editor1-last brunner , editor1-first k. ,
- on microfoundations , often distinguish household s, firm s, and government s or central bank s as the main types of agents in the economy.
- this is in contrast with its rival new keynesian school that uses microfoundations such as price stickiness and imperfect competition
- his most seminal work inserted a microfoundation —one featuring imperfect information, incomplete knowledge and expectations about wages
- further, since the microfoundations are based on the preferences of the decision-makers in the model, dsge models feature a natural
- the model was originally developed in order to provide microfoundations for aggregate money demand functions commonly used in keynesian