
A straight forward nail in the coffin of Keynesian macroeconomics
03 Feb 2019 Leave a comment
in business cycles, fiscal policy, macroeconomics, monetary economics, Robert E. Lucas Tags: Keynesian macroeconomics

What did Edward Prescott do when he found Keynesian macroeconomics wanting: double down on the old time religion or start again?
05 Nov 2018 Leave a comment
in budget deficits, business cycles, economic growth, Edward Prescott, fiscal policy, history of economic thought, macroeconomics, monetary economics, Robert E. Lucas Tags: Keynesian macroeconomics, real business cycle theory

Why hasn’t GFC prophet @ProfSteveKeen founded a hedge fund with his retirement savings? @Chris_Auld @dandolfa
30 Sep 2018 Leave a comment
in business cycles, entrepreneurship, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: cranks, Keynesian macroeconomics, Post-Keynesian macroeconomics

Lee Ohanian on Friedman and Schwartz
23 Sep 2018 1 Comment
in budget deficits, business cycles, economic growth, economic history, global financial crisis (GFC), great depression, great recession, macroeconomics, Milton Friedman, monetary economics Tags: Keynesian macroeconomics


Keynesian liquidity trap macroeconomics can’t even explain seasonal booms and recessions
22 Sep 2018 Leave a comment
in budget deficits, business cycles, economic growth, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: Keynesian macroeconomics

Lee Ohanian on macroeconomics being caught short by the GFC
22 Sep 2018 2 Comments
in budget deficits, business cycles, economic growth, economics of bureaucracy, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics, Public Choice Tags: Keynesian macroeconomics

Which dead macroeconomist is to blame to monetary policy prior to the GFC?
19 Sep 2018 Leave a comment
in budget deficits, business cycles, fiscal policy, global financial crisis (GFC), great recession, macroeconomics, monetarism, monetary economics Tags: Keynesian macroeconomics

@dandolfa on Keynesian macroeconomics making business cycle stabilisation too easy to be true
28 Aug 2018 Leave a comment
in business cycles, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics Tags: Keynesian macroeconomics

From Lucas and Sargent’s After Keynesian Macroeconomics 1979
15 Aug 2018 Leave a comment
in budget deficits, business cycles, economic growth, great recession, history of economic thought, macroeconomics, monetary economics, Robert E. Lucas Tags: conjecture and refutation, Keynesian macroeconomics, stagflation, Thomas Sargent

The Queen didn’t ask Keynesians about not predicting the 1970s stagflation, a phenomenon their macroeconomics strictly forbade
15 Aug 2018 2 Comments
in budget deficits, business cycles, economic growth, economic history, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, monetary economics Tags: conjecture and refutation, Keynesian macroeconomics, stagflation

Source: Kehoe, Midrigan and Pastorino 2018.




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