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Muddy Water Macro

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  • Keynesian Basics
  • Fiscal Policy
  • Monetary Policy
  • Inflation & Unemployment
  • Great Recession
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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
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