–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … confronts the economic trends with the interpretations of the “natural rate theory” and argues that they hardly fitting the …

. After graduating in 1942, Sylos Labini won a fellowship in the USA. After an initial period in Chicago, he moved to Harvard … aspects of Schumpeter's business cycle theory to which Labini draws attention. In the last section, I present Sylos Labini …'s business cycle theory, an interesting mix of Schumpeterian, Keynesian and Marxian elements. …

theory -- The monetarist model -- The rational expectations model -- Real business cycle models -- New Keynesian models …