Hein, Eckhard; Truger, Achim - Institut für Makroökonomie und Konjunkturforschung … - 2008
The New Consensus approach in macroeconomics is criticised for its exclusive but unwarranted reliance on stabilising monetary policies, for its ill-designed approach to the role of wages and wage policies, and for its complete neglect of fiscal policies. From a Post-Keynesian perspective, it is...
