Titlebook: Critique of the New Consensus Macroeconomics and Implications for India; Dilip M. Nachane Book 2018 Springer Nature India Private Limited

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The Global Crisis According to Post-Keynesians,tion of the financial sector. In this chapter, we attempt an explanation of the global crisis by interpreting these themes against the general theoretical backdrop of post-Keynesianism. We also present an analysis of Godley’s . and examine their potential usefulness as leading indicators of a crisis.

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Book 2018stematic re-orientation of current macroeconomic and financial regulatory policies in India..The New Consensus Macroeconomics (NCM), which established itself in the 1980s as mainstream macroeconomics, essentially represents an “uneasy truce” between two dominant schools of economic thought viz. New

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https://doi.org/10.1007/978-3-7091-2700-1cal economics, embodied in the IS-LM framework. We then introduce the Phillips curve and its incorporation into Keynesian analysis. In the final section, we introduce open economy considerations into the IS-LM framework.

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Collective Scattering in Gases and Plasmas,cy, till by the end of the 1970s, it displaced IS-LM Keynesianism as the dominant mainstream paradigm. This chapter elaborates on the main tenets of monetarism including the modern quantity theory, the natural rate hypothesis, monetary policy rules and flexible exchange rates.

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Waves and Instabilities in Plasmas macroeconomic outcomes. . theory usually associated with the names of Prescott, Kydland, Plosser, Long, etc., builds on a line of earlier thinking, associated on the one hand with the impulse and propagation mechanisms of business cycles due to Frisch and Slutzky, and on the other with the neoclassical growth model of Solow.