Friday, August 30, 2013

The Macroecnomics War

  Simon Wren Lewis made an effort to reduce the tensions within the profession, and to defend the macro models that are used by many central banks.  Paul Krugman is not ready for peacemaking.  In this article, he sharpens his attack on economists who have not supported the use of monetary policy or fiscal policy to increase employment.  The war is far from over. 

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