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Teaching macroeconomics after the crisis
Bofinger, Peter - Wirtschaftswissenschaftliche Fakultät, Bayerische … - 2011
It is often said that after the crisis economic textbooks have to be rewritten. However, as surveys show, almost all professors continue using the standard IS-LM/AS-AD model as the workhorse for undergraduate training. This paper shows that the IS-LM/AS-AD model is not only full of obvious...
Persistent link: https://www.econbiz.de/10009652576
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CONTENT ARTICLES IN ECONOMICS - The BMW Model: A New Framework for Teaching Monetary Economics - The IS-LM-AS-AD model is the central tool of macroeconomics. The authors present a...
Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo - In: The journal of economic education 37 (2006) 1, pp. 98-117
Persistent link: https://www.econbiz.de/10006499023
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Teaching New Keynesian Open Economy Macroeconomics at the Intermediate Level - The authors present a New Keynesian model of the open economy, with a graphical treatment of the cost...
Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo - In: The journal of economic education 40 (2009) 1, pp. 80-102
Persistent link: https://www.econbiz.de/10008212530