A comparison of Wicksell, the New Consensus, the Neo-Wicksellians, and the Post Keynesians with Respect to Inflation Targeting Policy

Abstract

This paper analyzes the models of Wicksell, the New Consensus, the neo- Wicksellians, and he post-Keynesians with respect to inflation targeting policy. These various models make the claim that central banks fully accommodate the demand for money, while s