The Evolution of Macroeconomic Modeling
Explore the evolution of macroeconomic modeling, from the different interpretations of Keynesianism to the integration of rational expectations. Robert Hall discusses the impact of sticky prices and wages, the disappearance of macroeconomic schools of thought, and the consensus on the government's role in determining total activity. Challenge the notion of government purchases directly influencing GDP as illustrious economists present alternative perspectives.In this clip
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EconTalk
Robert Hall on Recession, Stagnation, and Monetary Policy
Related Questions
What is the New Keynesian model?
How does government spending work in the context of the episode Robert Hall on Recession, Stagnation, and Monetary Policy and the clip Government Spending Multiplier?
How does government spending work in the context of the episode Robert Hall on Recession, Stagnation, and Monetary Policy and the clip Government Spending Multiplier?