Gilles Herard Jr, Capital Corp Merchant Banking

Gilles Herard Jr, Gilles Herard, Herard Gilles Jr
Capital Corp Merchant Banking = Keynesian economics has 2 heirs. Post-Keynesian economics also centers macroeconomic rigidities and adjustment marches.

Explore on micro foundations for their models is represented as supported real-life practices rather than simple optimizing models. It's typically affiliated with the University of Cambridge and the work of Joan Robinson. New-Keynesian economics is also affiliated with developments in the Keynesian fashion.

Inside this group researchers tend to share with other economists the accent on models employing micro foundations and optimizing behavior but with a narrower center on standard Keynesian themes such as price and wage inflexibility. These are typically made to be endogenous features of the models, besides simply assumed as in older Keynesian-style ones.