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Neo-Keynesian economics : ウィキペディア英語版
Neo-Keynesian economics

Neo-Keynesian economics is a school of macroeconomic thought that was developed in the post-war period from the writings of John Maynard Keynes. A group of economists (notably John Hicks, Franco Modigliani, and Paul Samuelson), attempted to interpret and formalize Keynes' writings, and to synthesize it with the neo-classical models of economics. Their work has become known as the neo-classical synthesis, and created the models that formed the core ideas of neo-Keynesian economics. These ideas dominated mainstream economics in the post-war period, and formed the mainstream of macroeconomic thought in the 1950s, 60s and 70s.
In the 1970s a series of developments occurred that shook neo-Keynesian theory. The advent of stagflation, and the work of monetarists like Milton Friedman, cast doubt on neo-Keynesian theories. The result would be a series of new ideas to bring tools to Keynesian analysis that would be capable of explaining the economic events of the 1970s. The next great wave of Keynesian thinking began with the attempt to give Keynesian macroeconomic reasoning a microeconomic basis. The new Keynesians helped create a "new neo-classical synthesis" that currently forms the mainstream of macroeconomic theory.〔Woodford, Michael. Convergence in Macroeconomics:
Elements of the New Synthesis. January 2008. http://www.columbia.edu/~mw2230/Convergence_AEJ.pdf.〕〔Mankiw, N. Greg. "The Macroeconomist as Scientist and Engineer." May 2006. p. 14-15. http://www.economics.harvard.edu/faculty/mankiw/files/Macroeconomist_as_Scientist.pdf.〕〔Goodfriend, Marvin and King, Robert G. "The New Neoclassical Synthesis and The Role of Monetary Policy." Federal Reserve Bank of Richmond. Working papers. June 1997, No. 98-5. http://www.richmondfed.org/publications/research/working_papers/1998/pdf/wp98-5.pdf〕 Following the emergence of the new Keynesian school, neo-Keynesians have sometimes been referred to as Old-Keynesians.
==Origins==

John Maynard Keynes provided the framework for synthesizing a host of economic ideas present between 1900 and 1940, and that synthesis bears his name, as is generally known as Keynesian economics. The first generation of Keynesians were focused on unifying the ideas into workable paradigms, combining them with ideas from classical economics and the writings of Alfred Marshall.
These neo-Keynesians generally looked at labor contracts as sources of wage stickiness to generate equilibrium models of unemployment. Their efforts (known as the neo-classical synthesis) resulted in the development of the IS/LM model, and other formalizations of Keynes' ideas. This intellectual program would produce eventually monetarism and other versions of Keynesian macroeconomics in the 1960s.

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