Michel, De Vroey; Garcia, Duarte Pedro - In: The B.E. Journal of Macroeconomics 13 (2013) 1, pp. 1-31
Present-day macroeconomics has sometimes been dubbed “the new neoclassical synthesis”, suggesting that it constitutes a reincarnation of the neoclassical synthesis of the 1950s. This paper assesses this understanding. To this end, we examine the contents of the “old” and the “new”...
