New-Keynesian Economics Today: The Empire Strikes Back

Brian Snowdon · Howard R. Vane

17 citations0/0 files storedThe American Economist

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

“… there is no single doctrine taken to be a scientific truth without the diametrically opposed view being similarly upheld by authors of high repute … in other fields of science these conflicts usually come to an end … It is only in the field of economics that the state of war seems to persist and remain permanent.” 1

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References

1977Rules Rather than Discretion: The Inconsistency of Optimal Plans 1972Expectations and the neutrality of money 1986Equilibrium Unemployment as a Worker Discipline Device 1995The Role of Monetary Policy 1973Some International Evidence on Output-Inflation Tradeoffs.1990The Fair Wage-Effort Hypothesis and Unemployment 1983Real Business Cycles 1977Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule

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1996The development of modern macroeconomics: Reflections in the light of Johnson's analysis after twenty-five years 2016Economic Ideas in Political Time: The Rise and Fall of Economic Orders from the Progressive Era to the Global Financial Crisis

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