Discover how New Keynesian economics updates classical Keynesian principles, focusing on price stickiness, wage rigidity, and ...

The Heterogeneous-Agent New Keynesian literature has revisited the transmission of monetary and fiscal policy to consumption using models where heterogeneous households face idiosyncratic income risk ...

Discover how Keynesian and Neo-Keynesian economics differ in addressing economic growth and stability through fiscal and monetary policies.

Keynesian economics is back. Government spending to stimulate the economy is all the rage and has won the day in Congress. Of course, conservatives are uneasy. “It’s hardly a secret that Obama is a ...

Keynesian economists believe that government deficit spending can increase economic activity and help an economy recover from a recession. Classical economists dispute this, focusing their attention ...

The Keynesian view that the government can fine tune the economy through “appropriate” fiscal and monetary policies to maintain continuous growth at or near full employment is based on the idea that ...

I am generally against the basic Keynesian policy of expanding government expenditure in times of economic hardship. By this I don't mean the automatic stabilisers in the economy: when more people are ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

The Keynesian policy of trying to increase total i.e. “aggregate” demand – either by having government spend, or by cutting taxes just to leave more money in people’s pockets in hopes that they’ll ...

Harvard Historian Niall Ferguson has apologized for suggesting that John Maynard Keynes’ sexual orientation and lack of children made him indifferent to long-run economic issues. However, leaving the ...

What was the relation between state and society during the “Keynesian” period? What distinguished US Keynesian planning was its concern with the reproductive sector. This was because US capital did ...