Keynesian economics reshapes macroeconomics teaching, transforming policy mindset.
The article discusses how macroeconomics is taught without considering monetary and financial dynamics, despite their importance in the economy. By incorporating Keynesian economics, students can think more broadly about economic issues and policy. This changes the way students view policy decisions, especially in terms of monetary policy. The mainstream teaching paradigm is shown to align with actual policy-making mindsets, but a Keynesian/Minskyan framework alters the scope and goals of monetary policy.