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Economic theories and models are not stagnant and adjust to reflect changing conditions. What are your...

Economic theories and models are not stagnant and adjust to reflect changing conditions. What are your observations on the evolution of macroeconomic theory and models over time?

Discuss the Great Modernization consensus (or New Neoclassical Synthesis) and how it draws on the various schools of thoughts. While agreement has been reached in some areas, what areas of debate over monetary and fiscal policies remain?

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Rahul Sunny answered 2 years ago
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