Definition of microfoundation. Meaning of microfoundation. Synonyms of microfoundation

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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 firms that underpins...
- This is in contrast with its rival new Keynesian school that uses microfoundations such as price stickiness and imperfect competition to generate macroeconomic...
- Claim, Supershare Option. Arrow-Debreu security Lengwiler, Yvan. Microfoundations of financial economics: an introduction to general equilibrium ****et...
- Great Depression, 1976. The Problem of Stagflation: Reflection on the Microfoundation of Macroeconomic Theory and Policy, 1985. Essays of Gottfried Haberler...
- In economics, demand for money is the desired holding of financial ****ets in the form of money: that is, cash or bank deposits rather than investments...
- Hyperinflation Inflation Interest Interest rate Investment IS–LM model Microfoundations Monetary policy Money NAIRU National accounts PPP Rate of profit Rational...
- place—microfounded models should not be, at least in theory. Further, since the microfoundations are based on the preferences of the decision-makers in the model, DSGE...
- critique, much of modern macroeconomic theory has been built upon 'microfoundations'—i.e. based upon basic ****umptions about micro-level behavior. Microeconomic...
- constraints) that are ****umed to govern individual behavior: so-called "microfoundations." If these models can account for observed empirical regularities,...
- J. Bradford DeLong argued that mathiness means "restricting your microfoundations in advance to guarantee a particular political result and hiding what...