Sentence examples for microeconomic foundation from inspiring English sources

Before giving up academia, he was a noted theorist, committed to the intellectual endeavor known as New Keynesian economics, which seeks to provide a rigorous microeconomic foundation for macroeconomics and economic policy.

Our paper provides a microeconomic foundation for their research, using Pareto efficiency and stationary equilibrium as a basis.

The microeconomic foundations for competition will ultimately determine productivity and competitiveness.

The explanation of the asset price bubble is lacking in microeconomic foundations.

A simple spatial economy derived from microeconomic foundations is presented to gain insight into the formation of economic clusters.

In advanced economies, however, the more decisive aspects of the business environment are often cluster specific; these constitute some of the most important microeconomic foundations for competition.

Appropriate microeconomic foundations of mobility are decisive for successful policy design in transportation and, in particular, for the challenge of climate change mitigation.

Given the richness of contributions in this field, we decided to restrict our discussion to three general topics: the theory of economic and financial integration; the economics of unemployment and the microeconomic foundations of market regulation.

Freshwater economists — who live near lakes, particularly at the University of Chicago, but also in Rochester and Minneapolis — are more likely to insist that macroeconomics be based on microeconomic foundations, which is to say that one should study large phenomena like recessions and inflation as functions of the behavior of many perfectly rational individuals.

But in an agent-based model you simply run a computer simulation to see what emerges, free from any top-down assumptions.Although DSGE models are also based on microeconomic foundations, they accept the traditional view that there exists some ideal equilibrium towards which all prices are drawn.

By setting Keynesian macroeconomic theory upon microeconomic foundations, this work helped build the "New Keynesian" paradigm, which is how most central banks still view the world.She worked at the Fed as a staff economist in the late 1970s, then returned as a governor from 1994 to 1997, when she argued both for higher and lower interest rates as her views on the risks of inflation evolved.