Recent Developments in Macroeconomics: A Very Quick Refresher Course
This paper outlines the major developments in macroeconomics over the past two decades. It examines the reasons for the breakdown in the consensus view of the 1960s and how this breakdown has guided research in macroeconomics. The introduction and importance of "rational expectations" are discussed, as are recent advances within the new classical and new Keynesian paradigms.
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Copy CitationN. Gregory Mankiw, "Recent Developments in Macroeconomics: A Very Quick Refresher Course," NBER Working Paper 2474 (1987), https://doi.org/10.3386/w2474.Download Citation
Published Versions
Mankiw, N. Gregory, "Recent Developments in Macroeconomics: A Very Quick Refresher Course." Journal of Money, Credit and Banking, Vol. 20, No. 3, pp. 436-449, (August 1988, Part 2). citation courtesy of 
N. Gregory Mankiw, 1988. "Recent developments in macroeconomics: a very quick refresher course," Proceedings, Federal Reserve Bank of Cleveland, pages 436-458. citation courtesy of
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