How Can a Political Scientist get this and many (freshwater) economists do not

By Travis Fast March 8, 2012 #liberal economic theory, #Neoclassical, #neoliberalism, #New Keynesianism

O.k. I wrote this years ago. Maybe 2003, maybe 2005: And while NKs accept the basic logic of the rational expectations augmented Philips curve (that is, that the NAIRU is semi-fixed in the long run) monetary and fiscal policy can … Continue reading →