Keynesian Economics

Keynesian economics ( KAYN-zee-ən; sometimes Keynesianism, named for the economist John Maynard Keynes) are various macroeconomic theories about how economic output is strongly influenced by aggregate demand (total spending in the economy). In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy. Instead, it is influenced by a host of factors. According to Keynes, the productive capacity of the economy sometimes behaves erratically, affecting production, employment, and inflation.Keynesian economics developed during and after the Great Depression from the ideas presented by Keynes in his 1936 book, The General Theory of Employment, Interest and Money. …

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Publications

IADB: Inter-American Development Bank · 14 May 2024 English

The abundance of natural resources can adversely affect the macroeconomic stability of countries. Developing economic institutions that support the proper management of extractive industry resources is one of the fundamental …

Mankiw, N. G., & Romer, D. (1991). New Keynesian Economics. 2 vols. MIT Press. Martinelli, C. & Vega


NBER: National Bureau of Economic Research · 3 May 2024 English

We model a reinsurance mechanism for the national unemployment insurance programs of euro area member states. The risk-sharing scheme we analyze is designed to smooth country-level unemployment risk and expenditures …

Rules in Monetary Unions, Journal of Post Keynesian Economics, 36, 85–103, http://www.jstor.org/stable/43671391


Bruegel · 26 April 2024 English

After that the focus is on the new dynamism in the Euro- pean Union in the second half of the 1980s and the Delors Report. [...] At the end of …

Introduction 5 2. The golden sixties: high days of Keynesian economics and european integration 9 3. The Werner century. 8 2 THE GOLDEN SIXTIES: HIGH DAYS OF KEYNESIAN ECONOMICS AND EUROPEAN INTEGRATION At the beginning policy. One of the fore- most historians of Keynesian economics, Alan Coddington (1983), argued that the THE RISE OF A NEW ECONOMIC PARADIGM While Keynesian economics was still dominant in the 1960s, a new economic monetary policies, which marked a return to Keynesian economics. The sovereign debt crisis became a watershed


NBER: National Bureau of Economic Research · 25 April 2024 English

This article provides an overview of the literature on mobility in developing countries. Explicit distinctions are drawn between directional and non-directional measures, absolute and relative measures, and combinations thereof. We …

Income Mobility in Britain,” Journal of Post- Keynesian Economics, Vol. 3, No. 4, pp. 194–217. Azam, Mehtabul


EU: European Union · 3 April 2024 English

This paper analyses the consumer’s decision to apply for credit and the probability of the credit being accepted in the euro area during a period characterized by the unprecedented concomitance …

section data. In Kurihara, K., (ed), Post-Keynesian Economics, Rutgers University Press, New Brunswick


IMF: International Monetary Fund · 4 March 2024 English

producing standardized goods, and trade was dominated by finished goods rather than components. Keynesian economics shaped the categories of statistics gathered in the System of National Accounts and in the

finished goods rather than com- ponents. Keynesian economics shaped the categories of sta- tistics gathered


Living Wage Foundation · 16 February 2024 English

The incidence of employee jobs paid below the Living Wage and trends over time SCALE OF LOW PAY IN THE UK IN 2023 12.9 per cent of all employee jobs …

Why They Get Paid Less?’ Journal of Post Keynesian Economics 27 (3) pp37-66 & ReWage (2023) What next


Living Wage Foundation · 16 February 2024 English

The incidence of employee jobs paid below the Living Wage and trends over time SCALE OF LOW PAY IN THE UK IN 2023 12.9 per cent of all employee jobs …

Why They Get Paid Less?’ Journal of Post Keynesian Economics 27 (3) pp37-66 & ReWage (2023) What next


Bruegel · 14 February 2024 English

The launching of the monetary union project at the 1969 pean Union in the second half of the 1980s and the Delors Hague Summit – on the basis of which …

Introduction 5 2. The golden sixties: high days of Keynesian economics and european integration 9 3. The Werner Nicolas Sarkozy during the euro-area debt KEYNESIAN ECONOMICS AND EUROPEAN crisis. INTEGRATION The aim twenty-first century. most historians of Keynesian economics, Alan Coddington (1983), argued that the than Milton Friedman). Among the par- While Keynesian economics was still dominant in the 1960s, a ticipants negotiations was policies, which marked a return to Keynesian economics. The the Stability and Growth Pact (SGP)


Positive Money · 5 February 2024 English

The outline of this paper is as follows: section 1 presents evidence on the role of fossil fuels in driving inflation, including in the context of the U. [...] (2022) …

determination: A Minskyan approach. Journal of Post Keynesian Economics, 38(3), 426–448. https://doi.org/10.1080/01603477 emerging currencies dynamics. Journal of Post Keynesian Economics, 42(4), 638–661. https://doi.org/10.1080/01603477


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