Evolution or Revolution?
Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability.
The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroe...
Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability.
The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroe...