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The Keynesian Multiplier and the Monetary Hot Potato

Business & Finance / Economics : Grasping Reality with Both Hands

Note that what Nick Rowe is talking about on the Old Keynesian side is a situation in which actual spending is greater than planned spending--in which the actual IS curve is to the right of where the representative agent thinks it i...

How a racist myth landed Duane Buck on death row

Business & Finance : Money & Co

“Nothing in the world is easier in the United States than to accuse a black man of crime,” W.E.B. Du Bois wrote in 1932. Nearly 85 years later, the pernicious myth that black Americans are more dangerous than other races continues t...

Nick Rowe on fiscal policy (and reply to Caplan)

Business & Finance / Economics : EconLog

(July 24, 2014 10:32 PM, by Scott Sumner) Keynesians often say that it's "obvious" that more government spending will boost GDP. I love this reply by Nick Rowe: The average reader of the New York Times probably thinks he knows about...

Nick Rowe: Old and New Keynesians and self-equilibration: Noted for September 10, 2013

Business & Finance / Economics : Grasping Reality with Both Hands

Nick Rowe: Worthwhile Canadian Initiative: Old and New Keynesians and self-equilibration: >Old Keynesian Income-Expenditure model…. This model has zero tendency to self-equilibrate at full employment…. Old Keynesian ISLM model…. Thi...

Nick Rowe Continues His War on New Keynesian Macroeconomics

Business & Finance / Economics : Grasping Reality with Both Hands

Nick Rowe: >Worthwhile Canadian Initiative: What's wrong with New Keynesian macroeconomics: New Keynesian models lead good economists, who correctly diagnose the monetary nature of the recession, at the same time to believe that mon...

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