Some Puzzles, Anomalies and Crises in the Standard Macroeconomic Model
by
Syed F. Mahmud, Kaoru Yamaguchi, Murat Yülek
Language: English
Release Date: June 14, 2017
The 2007 financial crisis and the Great Recession have prompted a debate about the state of macroeconomics, and many orthodox economists have argued that macroeconomics has entered a Dark Age.
This book discusses the shortcomings of the standard macroeconomic model (SMM). The SMM failed to...