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 ...

Central banks have always been a puzzle to ordinary public as well as to politicians. For public, it is the institution which ...

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

Five Positive Results of Keynesian Economics. British economist, John Maynard Keynes (1883-1946) wrote his seminal "The General Theory of Employment, Interest and Money" in 1935.

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 ...

Budgeting – the way governments tax and spend – falls within the domain of fiscal policy. In contrast, the management of credit and interest rates falls into the domain of monetary policy.

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 ...