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Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook x History of Economic Thought (1925 onwards) x clear all

At the crossroads: the euro and its central bank guardian (and saviour?)

Jörg Bibow.

in Cambridge Journal of Economics

May 2013; p ublished online April 2013 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; History of Economic Thought (1925 onwards). 9542 words.

This paper investigates the role of the European Central Bank (ECB) in the (mal)functioning of Europe’s Economic and Monetary Union (EMU), focusing on the German intellectual and historical...

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The economics of New Labour: policy and performance

Michael Kitson and Frank Wilkinson.

in Cambridge Journal of Economics

November 2007; p ublished online November 2007 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; History of Economic Thought (1925 onwards). 5876 words.

This paper reviews the foundations of New Labour's economic policies and the performance of the economy since 1997. It argues that New Labour's policies have evolved from Thatcherism and...

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The four fallacies of contemporary austerity policies: the lost Keynesian legacy

Robert Boyer.

in Cambridge Journal of Economics

January 2012; p ublished online January 2012 .

Journal Article. Subjects: Public Economics; History of Economic Thought (1925 onwards); Economywide Country Studies; Money and Interest Rates; International Finance; National Budget, Deficit, and Debt; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 11726 words.

The contemporary wide-scale austerity measures are likely to fail in most countries. The first fallacy derives from the false diagnosis that the present crisis is the outcome of lax public...

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Keynes and the confidence faeries

John Considine and David Duffy.

in Cambridge Journal of Economics

January 2016; p ublished online December 2014 .

Journal Article. Subjects: National Budget, Deficit, and Debt; Macroeconomics and Monetary Economics; Growth and Fluctuations; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; History of Economic Thought (1925 onwards). 9518 words.

Budgetary constraints were never the primary object of policy for John Maynard Keynes. They were constraints, not objectives. However, Keynes identified the psychological channels through...

Liquidity preference in a portfolio framework and the monetary theory of Kahn

Theodore T. Koutsobinas.

in Cambridge Journal of Economics

July 2011; p ublished online November 2010 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; History of Economic Thought (1925 onwards); Money and Interest Rates. 10623 words.

This paper examines the relation between variations in the propensity towards liquidity preference, price-adjustment and shifts in portfolio allocation by expanding Kahn's idea of marginal...

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Out of the corridor: Keynes and the crisis

Axel Leijonhufvud.

in Cambridge Journal of Economics

July 2009; p ublished online May 2009 .

Journal Article. Subjects: General Aggregative Models; Financial Institutions and Services; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; History of Economic Thought (1925 onwards); Money and Interest Rates. 9282 words.

We should learn from Keynes to focus on the macroproblems of our day. Today's problem is the financial crisis and the resulting great recession. Neither the standard Keynesian policies of...

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