Classical Macroeconomics

Some articles on classical macroeconomics, classical, macroeconomics, macroeconomic:

New Classical Macroeconomics
... New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical framework ... New classical macroeconomics strives to provide neoclassical microeconomic foundations for macroeconomic analysis ... as price stickiness and imperfect competition to generate macroeconomic models similar to earlier, Keynesian ones ...
General Equilibrium Theory - Other Schools - New Classical Macroeconomics
... See also New classical macroeconomics and Real Business Cycle Theory While general equilibrium theory and neoclassical economics generally were ... In new classical models, the macroeconomy is assumed to be at its unique equilibrium, with full employment and potential output, and that this equilibrium is assumed to always have been achieved via ...

Famous quotes containing the word classical:

    The basic difference between classical music and jazz is that in the former the music is always greater than its performance—Beethoven’s Violin Concerto, for instance, is always greater than its performance—whereas the way jazz is performed is always more important than what is being performed.
    André Previn (b. 1929)