The Capitalism and Freedom in the Twenty-First Century Podcast cover image

Greg Mankiw (Harvard Econ Prof) on New Keynesian Macro, Growth and Econ Policy

The Capitalism and Freedom in the Twenty-First Century Podcast

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The Evolution of New Keynesian Economics

This chapter explores the transition from traditional economic models to New Keynesian economics, focusing on the importance of sticky prices and wages. It highlights historical influences, the evolving nature of monetary policy, and the integration of empirical evidence within economic theory.

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