Exact(1)
I'd guess that at least half of university macroeconomists are either real business cycle types or take a Taylor-like position that they may be Keynesian in theory, but they oppose anything Keynesian in practice, at least if a Democrat holds the White House.
Similar(59)
But in a foxhole, we all tend to be Keynesians.
Pensions are Keynesian economics?
Bloated defense budgets are Keynesian economics?
(Eisenhower and Nixon were Keynesians).
Baker and Bernstein are Keynesians.
Being post-Keynesian in nature, the E3MG model, numerously used for the simulation of effects of renewable energy policies, is able to overcome the before-mentioned shortcoming by being based on the theory of effective demand.
By 1971, even Republican President Richard Nixon was declaring publicly, "I am now a Keynesian in economics".
This study was guided by Keynesian Theory of Economics.
Even today, "New Keynesians," such as Greg Mankiw, a Harvard economist who served as chief economic adviser to George W. Bush, and Romer's husband, David, are seeking ways to ground Keynesian macroeconomic theory in the micro-level behavior of businesses and consumers.
Never mind William Galston's strange belief that debt-deleveraging is a new theory, unknown to Keynesian economics; Mian and Sufi are in fact doing terrific work.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com