Learn how the Keynesian multiplier affects economic growth, emphasizing government spending's influence on employment and GDP within macroeconomic theory.

Explore the contrasts between Keynesian economics and monetarism and learn how each theory influences fiscal and monetary policies to regulate economic growth.

According to Keynesian economic theory, many recessions have little or nothing to do with underlying structural economic problems. Instead, the theory holds, recessions are the result of a crisis in ...

Keynesian theory cannot come into play to save the day when the right environment for strategic government intervention is absent. Whenever I think of the ...

The November mid-term elections were a citizen referendum for reductions in the size and scope of the federal government. But can federal spending and the budget deficit actually be reduced ...

Supply-side economics focuses on production as the key to economic growth. Reaganomics refers to Ronald Reagan's policies emphasizing tax cuts and deregulation. Keynesian economics is demand-side, ...

We present a theory of Keynesian supply shocks: supply shocks that trigger changes in aggregate demand larger than the shocks themselves. We argue that the economic shocks associated to the COVID-19 ...

The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. The model focuses on only a few variables that are consistent with the New Keynesian ...

Theories of crisis have always been intensely political. Different views of capitalist development and breakdown have always shaped, and been shaped by, political strategies. In the early and ...