You tin directly access the published version of my recent newspaper amongst Matthew Weinzierl mankiw.pdf">by clicking here. A significant change from the working newspaper version is the improver of thoughtful comments past times the discussants Olivier Blanchard and Gauti Eggertsson.
In instance you lot forgot what the newspaper is about, hither is the abstract:
In instance you lot forgot what the newspaper is about, hither is the abstract:
This newspaper examines the optimal reply of monetary too financial policy to a refuse inwards aggregate demand. The theoretical framework is a two-period full general equilibrium model inwards which prices are mucilaginous inwards the curt run too flexible inwards the long run. Policy is evaluated past times how good it raises the welfare of the representative household. Although the model has Keynesian features, its policy prescriptions differ significantly from those of textbook Keynesian analysis. Moreover, the model suggests that the unremarkably used “bang for the buck” calculations are potentially misleading guides for the welfare effects of choice financial policies.Sumber https://gregmankiw.blogspot.com/
