Micro-Foundations of Diverging Economic Policies: Keynesian, Behavioural, Neoclassic
Abstract Germany’s austerity-oriented economic policy is the wrong approach. Markets need demand stimulation to achieve full use of resources, argues Krugman, a Keynesian economist. Neoclassical economists have been warning that expansionary macroeconomic policies are not only useless but can even b...
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| Format: | Article |
| Language: | English |
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Springer
2020-04-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-020-0879-z |