The Reincarnation of Keynesian Economics

13 Pages Posted: 7 Aug 2007 Last revised: 15 Aug 2010

See all articles by N. Gregory Mankiw

N. Gregory Mankiw

Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: October 1991

Abstract

This paper discusses the reemergence of Keynesian economics during the past decade. It highlights the substantial differences between new Keynesian economics and the convictions of early Keynesians. In particular, it points out that new Keynesians have adopted many views that were once considered "monetarist" or "classical." It concludes that the term "Keynesian" may have outlived its usefulness.

Suggested Citation

Mankiw, N. Gregory, The Reincarnation of Keynesian Economics (October 1991). NBER Working Paper No. w3885. Available at SSRN: https://ssrn.com/abstract=473999

N. Gregory Mankiw (Contact Author)

Harvard University - Department of Economics ( email )

Littauer Center
Room 223
Cambridge, MA 02138
United States
617-495-4301 (Phone)
617-495-7730 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
103
Abstract Views
1,335
rank
259,929
PlumX Metrics