piwik-script

Deutsch Intern
    Chair for Monetary Policy and International Economics

    The role of the financial system in economic models

    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 systemReviving Keynesianism: the modelling of the financial system makes the difference