Ploeg, Frederick van der - In: CESifo economic studies : CESifo, a joint initiative of … 51 (2005) 4, pp. 777-822
After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether the New Keynesian Phillips curve and the New Neoclassical Synthesis capture the quintessential features stressed by J.M. Keynes. Particular attention is paid to...
