Reply To: Literature on WWII economics

#17683
jmherbener
Participant

Romer is a New Keynesian. So, the dispute you’re discussing is between Old Keynesians and New Keynesians.

Take a look at Mankiw on the New Keynesians and the macroeconnomic synthesis:

http://www.econlib.org/library/Enc/NewKeynesianEconomics.html

The literature has moved on from the monetarist-Keynesian debate.