Hoon, Hian Teck; Phelps, Edmund S. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2004
In open-economy macroeconomics there is a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and there is a nonmonetary neoclassical theory thought capable of handling the long run. But do the Keynesian and neoclassical models meet the challenges...
