Information om | Engelska ordet MICROFOUNDATIONS

Exempel på hur man kan använda MICROFOUNDATIONS i en mening

• 's critique of econometric policy evaluation spurred the development of microfoundations for macroeconomics, the notion of the representative agent became more prominent and more controversial.
• Some programs then specify a course in microfoundations, where the macroeconomic models are derived by aggregating microeconomic models.
• Therefore, DSGE modelling connects both microeconomic and macroeconomic theories, thus embodying the basis of microfoundations.
• New Keynesians adopted rational expectations and built models with microfoundations of sticky prices that suggested recessions could still be explained by demand factors because rigidities stop prices from falling to a market-clearing level, leaving a surplus of goods and labor.

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