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Robert Hall and Michael Woodford certainly deserve the Nobel memorial prize. Their work has had a substantial impact, yet significance is not soundness.
Original article: https://mises.org/mises-wire/tragic-path-new-keynesianism
Robert Hall and Michael Woodford certainly deserve the Nobel memorial prize. Their work has had a substantial impact, yet significance is not soundness.
Original article: https://mises.org/mises-wire/tragic-path-new-keynesianism