Definition of Microfoundations. Meaning of Microfoundations. Synonyms of Microfoundations

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Definition of Microfoundations

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Meaning of Microfoundations from wikipedia

- advantages of microfoundations: Microfoundations provides a modelling structure where data may not be very informative. Microfoundations avoids the Lucas...
- New Keynesians adopted rational expectations and built models with microfoundations of sticky prices that suggested recessions could still be explained...
- This is in contrast with its rival new Keynesian school that uses microfoundations, such as price stickiness and imperfect competition, to generate macroeconomic...
- Liquidity trap Measures of national income and output GDP GNI NNI Microfoundations Money Endogenous Money creation Demand for money Liquidity preference...
- Yonghong (2013-05-01). "The Power of Instability: Unraveling the Microfoundations of Bargained Authoritarianism in China". American Journal of Sociology...
- stochastic general equilibrium models that are explicitly based on microfoundations, often distinguish households, firms, and governments or central banks...
- constraints) that are ****umed to govern individual behavior: so-called "microfoundations." If these models can account for observed empirical regularities,...
- critique, much of modern macroeconomic theories has been built upon microfoundations—i.e., based upon basic ****umptions about micro-level behavior. Microeconomic...
- competition, and hence supply. Some programs then specify a course in microfoundations, where the macroeconomic models are derived by aggregating microeconomic...
- Consciousness Studies, 5 (1) p 72. Tsoukalas, I. (2007). Exploring the Microfoundations of Group Consciousness. Culture and Psychology, 13(1), 39-81. Ernst...