Senior Honors Projects, 2020-current

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Date of Graduation


Document Type


Degree Name

Bachelor of Arts (BA)


Department of Economics


Vipul Bhatt

Andre Neveu

Syed Hussain


This paper contains a review of the main paradigmatic approach to general equilibrium macroeconomic modeling, the family of New Keynesian dynamic stochastic general equilibrium models, a review of the more obscure, but re cently somewhat resurgent, approach of Hyman Minsky and his Financial In stability Hypothesis, and a comparison of the two approaches. The paper then goes on to investigate the extent to which these approaches can be integrated, and to what effect.



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