The Reincarnation of Keynesian Economics
AbstractThis paper discusses the reemergence of Keynesian economics during the past decade. It highlights the substantial differences between new Keynesian economics and the convictions of early Keynesians. In particular, it points out that new Keynesians have adopted many views that were once considered "monetarist" or "classical." It concludes that the term "Keynesian" may have outlived its usefulness.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3885.
Date of creation: Jul 1992
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Note: ME EFG
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- Mankiw, N.G., 1991. "The Reincarnation of Keynesian Economoics," Harvard Institute of Economic Research Working Papers 1572, Harvard - Institute of Economic Research.
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- Marco A. Espinosa-Vega & Jang-Ting Guo, 2001. "On business cycles and countercyclical policies," Economic Review, Federal Reserve Bank of Atlanta, issue Q4, pages 1-11.
- Sau, Lino, 2006.
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- Pedro Garcia Duarte, 2011. "Not Going Away? Microfoundations in the Making of a New Consensus in Macroeconomics," Working Papers, Department of Economics 2011_02, University of São Paulo (FEA-USP).
- Amir Kia & Ali F. Darrat, 2003. "Modeling Money Demand under the Profit-Sharing Banking Scheme: Evidence on Policy Invariance and Long-Run Stability," Carleton Economic Papers 03-13, Carleton University, Department of Economics, revised Apr 2007.
- Vahabi, Mehrdad, 2002. "The Soft Budget Constraint: An Institutionalist Approach," MPRA Paper 17649, University Library of Munich, Germany.
- Patrick Villieu, 2004. "Une macroéconomie sans LM ?. Un modèle de synthèse pour l'analyse des politiques conjoncturelles," Revue d'économie politique, Dalloz, vol. 0(3), pages 289-322.
- Alla Kirova, 2010. "Estimation of the specific features of the New Keynesian Doctrine, compared to other schools in modern macroeconomics," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 28-45.
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