expansionary monetary policy leads to inflation only. Keynesian economists largely adopted these critiques, adding to the original theory a better integration of the short and the long run and an ...

Keynesian economics comes from economist John Maynard Keynes, author of the 1936 book "The General Theory of Employment ... They argue monetary policy intended to stimulate instead creates ...

Translating that from the model to every day economics it basically means that, all else equal, you can engineer standard Keynesian ... more likely the expansionary fiscal policy will end up ...