Hostname: page-component-586b7cd67f-r5fsc Total loading time: 0 Render date: 2024-11-30T18:56:01.021Z Has data issue: false hasContentIssue false
  • English
  • Français

PROSPERITY FOR ALL: AN ASSESSMENT OF THE “FARMERIAN” REMEDIES TO PREVENT FINANCIAL CRISES AND REDUCE UNEMPLOYMENT

Published online by Cambridge University Press:  17 August 2017

Marco Guerrazzi
Marco Guerrazzi*
Affiliation:
University of Genoa
*
Address correspondence to: Marco Guerrazzi, Department of Economics – DIEC, University of Genoa, via F. Vivaldi n. 5, 16126 Genoa, Italy; e-mail: [email protected].
Get access Rights & Permissions [Opens in a new window]

Extract

In a recent book, Roger Farmer offers a quick but exhaustive rundown of the research agenda that he drove forward over the last 10 years with the aim to offer a novel microfoundation for Keynesian macroeconomics and—as a by-product—providing practical remedies to prevent financial crises, reduce unemployment, and ensure prosperity for all. In that work, the Farmerian arguments question the conventional visions underlying the Neo-Classical and New Keynesian paradigms and the addressed topics cover relevant theoretical, empirical, and policy issues that have been widely debated after the Great Recession of 2007–2009.

Type
MDY Book Review
Information
Macroeconomic Dynamics , Volume 23 , Issue 3 , April 2019 , pp. 1287 - 1293
Copyright
Copyright © Cambridge University Press 2017 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Barro, R.J. (1990) The stock market and investment. Review of Fiscal Studies 3 (1), 115–131.Google Scholar
Beyer, A. and Farmer, R.E.A. (2008) What we don't know about the monetary transmission mechanism and why we don't know it. Macroeconomic Dynamics 12 (S1), 60–74.Google Scholar
Fama, E.P. (1981) Stock returns, real activity, inflation, and money. American Economic Review 71 (4), 545–565.Google Scholar
Farmer, R.E.A. (2016) The evolution of endogenous business cycles. Macroeconomic Dynamics 20 (2), 544–557.Google Scholar
Farmer, R.E.A. and Plotnikov, D. (2012) Does fiscal policy matter? Blinder and solow revisited. Macroeconomic Dynamics 16 (S1), 149–166.Google Scholar
Guerrazzi, M. (2012) Expectations, employment and prices: A suggested interpretation of the new “Farmerian” economics. Economia Politica 28 (3), 369–395.Google Scholar
Guerrazzi, M. (2015) Animal spirits, investments and unemployment: An old Keynesian view of the great recession. EconomiA 16 (3), 343–358.Google Scholar
Guerrazzi, M. and Gelain, P. (2015) A demand-driven search model with self-fulfilling expectations: The new ‘Farmerian’ framework under scrutiny. International Review of Applied Economics 29 (1), 81–104.Google Scholar