Economics, Econometrics and Finance
4 years ago

Monetary Theories Remain Unchanged for 75 Years Despite Keynesian Revolution.

RePEc: Research Papers in Economics
Are There Important Differences between Classical and 21st-Centutry Monetary Theories? Did the Keynesian and Monetarist Revolutions Matter?
John H. Wood

Paper Summary

The article discusses how little has changed in monetary theory and policy since J.M. Keynes' time, despite the belief in a major shift.

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