Keynesian economics, as developed by economist John Maynard Keynes, comprise a theory of total spending in the economy and ...

To the growing list of famous mainstream macroeconomists who have publicly criticized their discipline, add another: In a recent essay, Lawrence Christiano of Northwestern University argues that the ...

Years of economic turmoil have re-ignited the debate about Keynesianism. As the financial crisis caused mass unemployment, Keynes appeared to have been proven right; Keynesians took over policymaking ...

An icon in the shape of a lightning bolt. Impact Link In this post, I will show that during the New Deal era, changes in the real economic growth rate can be explained almost entirely by the earlier ...

We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest ...