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Communication Dans Un Congrès Année : 2014

Macro Micro Model with a Post-Keynesian Perspective in the banking industry

Hyejin Cho
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Résumé

This article introduces the cascaded individual model of Post-keynesian economics. This differs from the representative agent model of the old-keynesian model mathematically and methodologically. The model builds from five assumptions containing original concepts: cascaded individuals, a social planner vs a regulator, aggregate deposits (stock) vs pyroclastic deposits (flow). Mainly, this Macro-Micro approach of Post-keynesian concepts suggests the regulation of the money flow. Then, this paper articulates fundamental concepts to solve problems of a sudden "micro" financial shock in the short run with the long run "macro" stabilization with a balanced perspective between macroeconomics and microeconomics.
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Dates et versions

hal-00994282 , version 1 (21-05-2014)
hal-00994282 , version 2 (23-03-2015)

Identifiants

  • HAL Id : hal-00994282 , version 2

Citer

Hyejin Cho. Macro Micro Model with a Post-Keynesian Perspective in the banking industry. The Third Nordic Post-keynesian Conference, jesper jespersen; Mogens Ove Madsen; Finn Olesen, May 2014, aalborg, Denmark. ⟨hal-00994282v2⟩
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