What lessons can we learn from neoclassical and Keynesian views on how the macro-economy functions at the time of the current crisis?
pdf

Keywords

macroeconomic stability, fiscal policy, monetary policy

How to Cite

Stolarczyk, P. (2022). What lessons can we learn from neoclassical and Keynesian views on how the macro-economy functions at the time of the current crisis?. Economic and Political Thought, 72(1), 77–94. Retrieved from https://mysl.lazarski.pl/mysl/article/view/1454

Abstract

Macroeconomic stability should be defined as price stability, full employment, positive long-term growth over the long term and sound public finances. Maintaining macroeconomic stability is necessary for the smooth process of economic development. For years, there has been discussion in mainstream economics about the best ways to achieve this goal. The article presents the main theoretical assumptions on which the discussion is based and tries to verify the assumptions of the models with the economic reality.

pdf
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.