Tyler Cowen on the Greatest Economist of All Time and Other Macro Awards
Macro Musings with David Beckworth
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Economic Theories and their Applicability to the Pandemic Period
The speakers discuss various economic theories such as the New Keynesians, monetarists, fiscal theory, the price level, and hydraulic Keynesianism in relation to the pandemic period. They focus on the New Keynesians and their view on interest rates, unemployment, and the Phillips curve, concluding that it does not apply well to pandemics. They also explore the resurgence of monetarism and the effectiveness of monetary policy versus fiscal policy.
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