Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/270413 
Year of Publication: 
2022
Series/Report no.: 
Research Report No. 2022-11
Publisher: 
The University of Western Ontario, Department of Economics, London (Ontario)
Abstract: 
Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium tradition of Clower and Leijonhufvud, and for a long time has been overshadowed by New-classical and New-Keynesian orthodoxy. However, the development of agent based modelling and behavioural economics will perhaps give disequilibrium macroeconomics a new lease on life.
Subjects: 
equilibrium
disequilibrium
money
New classical Economics
New KeynesianEconomics
Keynes
Lucas
Howitt
Clower
Leijonhufud
Phelps
JEL: 
B22
B59
E12
E13
E31
E32
Document Type: 
Working Paper

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