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The Absorption of Macroeconomics by Microeconomics

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Author Info
Ghislain Deleplace () (Universidad Paris 8)
Abstract

The aim of this article is to analyze the dominant tendency in the history of macroeconomics. It attempts to identify the two routes that research on the microeconomic foundations of macroeconomics has followed. On the one hand, the relation between employment, wages and inflation (the route indicated by Friedman); on the other hand, the existence of rigidities or a monetary restriction (the route indicated by Clower).

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File URL: ftp://ftp.drivehq.com/cavasco/lecturas/numero69/n69a9.pdf
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Publisher Info
Article provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.

Volume (Year): (2008)
Issue (Month): 69 (Julio-Diciembre)
Pages: 245-298
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Handle: RePEc:lde:journl:y:2008:i:69:p:245-298

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Web page: http://economia.udea.edu.co
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Related research
Keywords: IS-LM model; Phillips’ curve; constraint à la Clower; fixed prices equilibrium; nominal rigidities;

Find related papers by 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
E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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This page was last updated on 2009-11-29.

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