Working Paper No. 491

New Keynesianism and Aggregate Economic Activity

Published: May 29, 1997Pages: 20Keywords: Economic Theory; MacroeconomicsJEL-codes: B22; B31; E12

New Keynesianism and Aggregate Economic Activity Assar Lindbeck


This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their contributions be valued in the relation to other recent contributions to macroeconomics?

Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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