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Moneda, intercambios efectivos y desempleo keynesiano

Author

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  • Ludovic Julien

    (Université Paris X-Nanterre)

Abstract

This paper aims at building up a simple model of a decentralized monetary economy with Keynesian unemployment. The existence of involuntary unemployment is based on the organization of trades. Money plays a critical role in coordinating decentralized transactions in equilibrium and in disequilibrium. Without perfect expectations, trades occur out of equilibrium. However, Keynesian unemployment is essentially an equilibrium phenomenom

Suggested Citation

  • Ludovic Julien, 2003. "Moneda, intercambios efectivos y desempleo keynesiano," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 59, pages 149-176, Julio-Dic.
    • Handle: RePEc:lde:journl:y:2003:i:59:p:149-176
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    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/322
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    More about this item

    Keywords

    involuntary unemployment; equilibrium; Keynesian unemployment;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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