[经济学]第三章宏观经济学流派.ppt

New Classical Economics The so-called “New Classical” is rooted in the Classical economic tradition. It is important not just because of the strong influence it has had on recent macroeconomic theory but also because New Classical economists played a pivotal中枢关键的 role in the 1992 defeat of George Bush by Bill Clinton. What Congress Did Congressional passage of Clinton’s deficit reduction legislation in 1993 sent Wall Street a clear signal that his Administration was serious about budget balance. These factors helped accelerate a recovery that had already begun by the end of Bush’s term and