期刊全称 | Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985 | 影响因子2023 | Christine Sauer | 视频video | | 学科分类 | Lecture Notes in Economics and Mathematical Systems | 图书封面 |  | 影响因子 | by Jerome L. Stein Disenchantment with Keynesian econollics developed during the post-1968 period when the rate of growth of output declined, the rate of unemployment rose, and the rate of inflation increased in the U.S. and in other countries. This paradox, called stagflation, was inconsistent with the tenet of Keynesian economics that cyclical movemants in prices and output relative to their respective trends are positively correlated. A search occurred for a more satisfactory theory of macroeconomics which could explain the paradox of stagflation and the observed economic phenomena. The New Classical Economics (NCE) developed as the total rejection of Keynesian economics. The Keynesians claimed that their demand management policies contributed to the obsolescence of the business cycle and successfully eliminated the gap between full employment (potential) output and actusl output. The NCE argued just the opposite: the unemplo~nt rate or growth rate of real output is insensitive to systematic demand management policies [Lucas; Sargent and Wallace]. | Pindex | Book 1989 |
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书目名称Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985影响因子(影响力) 
书目名称Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985影响因子(影响力)学科排名 
书目名称Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985网络公开度 
书目名称Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985网络公开度学科排名 
书目名称Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985被引频次 
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书目名称Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985年度引用 
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