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

Abstract : 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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Communication dans un congrès
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https://hal.archives-ouvertes.fr/hal-00994282
Contributeur : Hyejin Cho <>
Soumis le : lundi 23 mars 2015 - 18:31:03
Dernière modification le : mardi 30 janvier 2018 - 17:50:04
Document(s) archivé(s) le : jeudi 2 juillet 2015 - 06:34:02

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macro micro model 23032015.pdf
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  • HAL Id : hal-00994282, version 2

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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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