Edgardo Jovero

El presente documento es un exhorto para devolverle a las ideas de Keynes su valor e importancia a la luz de la principal corriente macroeconómica, la neoclásica. El intento neokeynesiano, introduce en la teoría macroeconómica la dinámica compleja no lineal, con lo cual, pavimenta el camino para reforzar el renovado interés por Keynes, en particula...

The topic of this paper is to show that the greater acceptance and intense use of complex nonlinear dynamics in macroeconomics makes sense only within the neoKeynesian tradition. An example is presented regarding the behavior of an open-economy two-sector growth model endowed with Keynesian rigidity. The Keynesian view that structural instability g...

Risk refers to the volatility of returns on investment.Global risk refers to the volatility on investment situated in a globalized economy.In macroeconomics,there exist two dominant schools of thought explaining the importance of volatility or short-term fluctuations in studying the behaviour of aggregate variables such as investment.

This paper attempts to contribute to the debate in macroeconomic dynamics by presenting the neoKeynesian challenge. Proof is presented regarding the behavior of an open-economy two-sector growth model in the neoKeyenesian tradition of non-market clearing. It has been shown that there possibly exists a Hopf-bifurcation type of structural instability...