Economics, Econometrics and Finance
8 years ago

Keynesian economics discredited as rising inflation and unemployment persist.

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Palgrave Macmillan UK eBooks
Fiscal and Monetary Policy in the Keynes—Kalecki Tradition
Alois Guger, Ewald Walterskirchen

Paper Summary

The rise in inflation, unemployment, and budget deficits has made fiscal policy less popular in recent years. Traditional economic theories like Keynesian economics have lost favor, with older ideas becoming more popular again.

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