-
advantages of
microfoundations:
Microfoundations provides a
modelling structure where data may not be very informative.
Microfoundations avoids the Lucas...
- New
Keynesians adopted rational expectations and
built models with
microfoundations of
sticky prices that
suggested recessions could still be explained...
- This is in
contrast with its
rival new
Keynesian school that uses
microfoundations, such as
price stickiness and
imperfect competition, to
generate macroeconomic...
-
Liquidity trap
Measures of
national income and
output GDP GNI NNI
Microfoundations Money Endogenous Money creation Demand for
money Liquidity preference...
- constraints) that are ****umed to
govern individual behavior: so-called "
microfoundations." If
these models can
account for
observed empirical regularities,...
-
Consciousness Studies, 5 (1) p 72. Tsoukalas, I. (2007).
Exploring the
Microfoundations of
Group Consciousness.
Culture and Psychology, 13(1), 39-81. Ernst...
-
aimed at
stabilizing the
business cycle are welfare-reducing.
Since microfoundations are
based on the
preferences of decision-makers in the model, DSGE...
-
stochastic general equilibrium models that are
explicitly based on
microfoundations,
often distinguish households, firms, and
governments or
central banks...
-
scroll down. pp. 34-58. •
_____ (1967). "A
Reconsideration of the
Microfoundations of
Monetary Theory,"
Western Economic Journal, 6(1), pp. 1–8 (press...
-
methodological issues in
management research (particularly the role of
microfoundations),
organizational antecedents of entrepreneurship, the
history and content...
