Stephen Williamson has a new blog post about neo-Fisherism. Let me first say I think I am coming around to the idea that the New Keynesian model really can have a neo-Fisher solution. You guessed correctly there's a "but" coming. However, first let me show why I don't think it's a weird conclusion.
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Neo-Fisherism and causality
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Stephen Williamson has a new blog post about neo-Fisherism. Let me first say I think I am coming around to the idea that the New Keynesian model really can have a neo-Fisher solution. You guessed correctly there's a "but" coming. However, first let me show why I don't think it's a weird conclusion.