Japan has long been regarded as largely immune from the problems of debt-driven fiscal policy and monetary inflation. After ...

Mark Carney reframes defence spending as a tool for economic resilience, introducing a new political economy rooted in ...

Monetarists and rational expectations economists believe that if monetary policy is transparent, then increases in the money ...

"I would love an intellectual ecosystem in economics that was more ideologically balanced than what we have now," the Harvard ...

Unfortunately, both the neoliberal-minded Extended Fund Facility (EFF) programme, and similar policy stance by public policy ...

New Keynesian economists made a case for expansionary monetary policy, arguing that deficit spending encourages saving, rather than increasing demand or economic growth. Criticism of New Keynesian ...

Keynesian economics, especially in its modern form (New Keynesian economics), is deeply reliant on fiat money to implement its policy prescriptions. The core of Keynesian thinking is the belief that ...

The Keynesian momentum was rounded off by a European Central Bank (ECB) that not only kept interest rates low but also actively called for fiscal and monetary policy to work together to regain ...

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 ...

Last week’s Republican National Convention was long on criticisms of the Obama administration and extremely short on policy proposals. But the week did give us several important hints about a ...

It is worth watching how it will be distributed between Keynesian and Schumpeterian projects, or old industries and new ones. The world has seen five long waves of technological innovation in ...