Month: October 2015

5th October 2015 Economics

The Paradigm Shift

Unlearning economic paradigms Adam Posen writes that a lot of economists have spoken about the need to fundamentally rethink major parts of macroeconomics following the global financial crisis. Paul Krugman writes that what hasn’t worked nearly as well is our understanding of aggregate supply. One big problem has been the absence of deflation. The “accelerationist”

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