MACROECONOMICS AND VARIETIES OF CAPITALSM

This section outlines some of the main propositions of mainstream modern macroeconomics, often referred to as New Keynesian macroeconomics or the 3-equation model and associated with such economists as Ball, Bernanke, Blanchard, Clarida, Gali, Gertler, Layard, Mankiw, Nickell, D Romer and Svennson (see references in Carlin and Soskice (2006)). ................
................