Forbes contributors publish independent expert analyses and insights. I write about international trade policy. Keynesian economics is the perpetual motion machine of the left. You build a model that ...

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 ...

Keynesian economics is a theory that government intervention is necessary during downturns. Tax cuts are a tool in Keynesian theory to stimulate economic activity. During recessions, Keynesian ...

Until we entered the Great Recession, most economists regarded Keynesian economics as a relic of the past. You could still find it discussed in some introductory textbooks. But, as University of ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

Which levels of interest rates along the yield curve are consistent with stable economic activity? We use expectations at the daily frequency reflected in financial market prices to extract the state ...

Keynesian economics is back. Government spending to stimulate the economy is all the rage and has won the day in Congress. Of course, conservatives are uneasy. “It’s hardly a secret that Obama is a ...

Harvard Historian Niall Ferguson has apologized for suggesting that John Maynard Keynes’ sexual orientation and lack of children made him indifferent to long-run economic issues. However, leaving the ...

An attempt is made to evaluate the neoclassical and Post Keynesian approaches to exchange rate determination, represented respectively by the flexible price monetary model and a version of the flow ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper proposes a “quasi-agnostic” sign restriction procedure to identify structural shocks in frequentist structural ...