"Macroeconomics can be broadly divided into two schools of thoughts: neoclassical economics and Keynesian economics." Such is how an introductory chapter begins in a typical macroeconomics textbook ...

The Indian economy, which was facing demand defi ciency and slowdown prior to the Covid-19 outbreak, plunged further with the lockdown. The present exercise represents the current problem as a typical ...

In place of the standard search equilibrium, this paper presents an alternative concept of stochastic macro-equilibrium based on the principle of statistical physics. This concept of equilibrium is ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Robert Kelly is managing director of ...

The former BIS chief economist argues that the global economic crisis should prompt a rethinking of macroeconomic analysis EVERYONE is painfully aware that we are in the middle of a major global ...

Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. The exact nature and effects of economic uncertainty are subjects which have played a central role in ...

A simple idea from game theory could yet upset the sacred tenants of neoclassical economics. This articles explores the implications for the theory of distribution and Keynes's theory of effective ...