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• User’s Guide
• Keynesian Basics
  • Demand, Supply, and Unemployment
    • What Determines Employment?
    • Key Points
  • Interest Rates, Aggregate Demand, and the Paradox of Thrift
    • Curing a Demand Drop
    • Paradox of Thrift
    • Key Points
  • Wage and Price Adjustment and Deflation
    • Neoclassical Synthesis
    • Problems of Deflation
    • Wage and Price Adjustment
    • Key Points
  • The MWM Perspective on Macroeconomics
• Fiscal Policy
  • Logic of Fiscal Stimulus
    • Where Does the Money Come From?
    • More From the Critics
    • Key Points
  • Modern Monetary Theory
  • Fiscal Stimulus as a Free Lunch?
  • Ricardian Equivalence and Keynesian Macro
    • A Simple Model
    • Extensions and Qualifications
    • Summing Up
    • Key Points
• Monetary Policy
• Inflation and Unemployment
• Great Recession
  • Significance of the Great Recession
    • What is a Recession?
    • Key Points
  • Causes of the Great Recession
    • The “Consumer Age”
    • The Housing Bubble Bursts
    • Key Points
  • Income Inequality and the Great Recession
    • Income Inequality, Demand, and Economic Policy
  • Lessons from the Great Recession: A Summary
• Commentary
  • Krugman on Unemployment; July 1, 2013
  • The Reinhart-Rogoff Controversy; April 13, 2013
  • Brooks & Fiscal Policy; March 9, 2013
• About Us