Prof. Bofinger criticizes the modelling of the financial system within N.G. Mankiw's "Macroeconomics: "Modeling the Financial System with a Corn Economy – “misleading and disastrous”"
This is a contribution to Social Europe in which Prof. Bofinger criticizes the standard modeling of the financial system in classical models: Fridays for Keynesianism
In the journal "Review of Keynesian Economics" (Vol. 8, No. 1, Spring 2020, pp. 61-83), Prof. Bofinger published an article that details the differences between real and monetary modeling of the financial system: Reviving Keynesianism: the modelling of the financial system makes the difference