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Date of Graduation
Bachelor of Arts (BA)
Department of Economics
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.
Sawyer, Alexander, "Minksian financial instability and the New Keynesian paradigm" (2020). Senior Honors Projects, 2020-current. 100.