Unveiling the Controversies in Macroeconomics: Shaping Global Economic Policies
The article discusses different theories in economics, including mainstream macro-models, balance of payments, inflation, unemployment, money supply, fiscal policy, and business cycles. It explores various perspectives on these topics, such as Keynesian and monetarist views, and presents empirical evidence on the demand for money. The researchers also delve into the nature of business cycles and early theories surrounding them.