Keynes’s Aggregate Supply Function: Everything You Always Wanted to Know About Z

Hartwig, Jochen

doi:10.2139/ssrn.1855728

Abstract

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Keynes’s Aggregate Supply Function: Everything You Always Wanted to Know About Z

Jochen Hartwig

ETH Zürich - Swiss Institute for Business Cycle Research

May, 30 2011

KOF Working Papers No. 282

Abstract:
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, C43

working papers series

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Date posted: May 31, 2011

Suggested Citation

Hartwig, Jochen, Keynes’s Aggregate Supply Function: Everything You Always Wanted to Know About Z (May, 30 2011). KOF Working Papers No. 282. Available at SSRN: http://ssrn.com/abstract=1855728 or http://dx.doi.org/10.2139/ssrn.1855728

Contact Information

Jochen Hartwig (Contact Author)

Swiss Federal Institute of Technology Zurich - Swiss Institute for Business Cycle Research ( email )

CH-8092 Zurich
Switzerland