Evaluation of Modern Macroeconomic Schools in Terms of Stylized Facts: Developments Since 2000s

This paper evaluates the explanatory capacity of mainstream and alternative macroeconomic schools through seven stylized facts derived from the post-2008 global economic structure. Using a qualitative matrix, the study compares Monetarist/New Classical, New Keynesian, and Post-Keynesian/Behavioral approaches against observed phenomena such as financial fragility, inequality, climate constraints, and uncertainty. In addition, it offers a country-specific assessment by focusing on Turkey and other developing economies, where structural asymmetries and institutional weaknesses limit the applicability of orthodox models. The study concludes with a call for theoretical pluralism and context-sensitive macroeconomic thinking.