Finance Discipline Group
UTS Business School
University of Technology, Sydney

Working Paper Series

The Theory and Models of Keynesian Disequilibrium Macroeconomics
Author(s): Tianhao Zhi
Date of publication: February 2016
Working paper number: 185
This paper critically reviews and examines the relationship between the origin of disequilibrium macroeconomic thinking by John Maynard Keynes, and the development of Keynesian disequilibrium macroeconomic models. Given that the two strands of literature are both plentiful, I will focus on discussing the essence of Keynesian disequilibrium thinking, and its implications of relevant models in the context of Keynes-Metzler-Goodwin and Weidlich-Haag-Lux approaches.
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