Keynes’s Aggregate Supply Function: Everything You Always Wanted to Know About Z
ETH Zürich - Swiss Institute for Business Cycle Research
May, 30 2011
KOF Working Papers No. 282
The paper suggests a consistent interpretation for the much debated Z-footnote on pp. 55-56 of the General Theory and discards claims recently made in the literature concerning the importance of output heterogeneity for Keynes’s macroeconomic approach.
Number of Pages in PDF File: 10
Keywords: Keynes, aggregate supply function, output heterogeneity
JEL Classification: B31, C43working papers series
Date posted: May 31, 2011
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