Specifically, neoclassical macroeconomics generally accepts the following four propositions:

(1) The private economy can be self-stable;

( 2) Money is neutral in the long run;

(3) Money is also neutral in the short term;

(4) Keynesian economic policies that actively intervene are harmful.

The third proposition means that neoclassical macroeconomists believe that the short-term Phillips curve does not exist. This is the main difference between Monetarist I and Monetarist II.

Representatives of the neoclassical school of macroeconomics include Milton Friedman, the 1976 Nobel Prize winner in economics and the master of "monetaristism", and Robert Luca, the 1995 Nobel Prize winner in economics. Sri Lanka.

At present, neoclassical macroeconomics and Keynesianism are jointly listed as the two major schools of Western mainstream economics.

The currently generally accepted textbook on neoclassical macroeconomics is Macroeconomics written by Robert Barro of Harvard University, MIT Press. The Machinery Industry Press has a Chinese translation. In order to deeply understand the micrologic of neoclassical macroeconomics, the author focuses on the indifference curve and production function in microeconomics in the first two chapters, and uses budget constraints to represent the wealth effect and intertemporal substitution effect. The micro-individuals in this book all obey Friedman's "Permanent Income Theory" hypothesis, that is, the sources of funds for individuals' budget constraints are total output (production function), currency holdings, bond deposits, etc., on the right side of the equation The purchases are consumption, investment, bond loans, etc. As the discussion deepens, adding government, taxation, currency and inflation, exchange rates, etc. gradually lengthens the equation of "persistent income". It is assumed that individuals affect macroeconomic variables by smoothing consumption in each period.