Keynesians claim that through the "multiplier," a country can spend itself into prosperity. All that is needed is for ...

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 ...

In theory, once a central bank reaches ... Policymakers enter a “grey zone” where monetary policy may seem as expansionary or restrictive depending on which R-star estimate they use, rendering ...

Thank you for joining us today for this press briefing following the conclusion of the 123rd regular meeting of the Monetary Policy Committee ... from the Bank’s model, the yield curve, and ...

Over the past decade, the U.S. dollar has declined in real terms by more than 25%, driven by inflation, expansionary monetary policy, and global fiscal uncertainty ... when it recovered—an asymmetric ...

Spread by influential textbook writers after 1950, Keynesian management of economic cycles became the norm in both econ theory and government ... Activist monetary policy to manage all ups and ...

Monetary and balanced-budget fiscal policy have similar aggregate effects as in the standard new Keynesian model, while deficit-financed fiscal policy is much more expansionary. We discuss the split ...

We develop a novel framework to study the interaction between monetary policy and trade. Our New Keynesian open economy model incorporates international production networks, sectoral heterogeneity in ...

That belief can be traced to prevailing economic theory concerning ... The “New Keynesian” models underpinning these policies assumed that an economy’s “true” potential—and thus the so-called output ...

“In the heyday of the Keynesian Revolution, however, this mechanism had come to be regarded as inoperative, as the quantity of money itself was regarded by the prevailing monetary theory as a matter .

“In the heyday of the Keynesian Revolution, however, this mechanism had come to be regarded as inoperative, as the quantity of money itself was regarded by the prevailing monetary theory as a matter .