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2008–09 Keynesian resurgence and History of macroeconomic thought

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between 2008–09 Keynesian resurgence and History of macroeconomic thought

2008–09 Keynesian resurgence vs. History of macroeconomic thought

Following the global financial crisis of 2007–08, there was a worldwide resurgence of interest in Keynesian economics among prominent economists and policy makers. Macroeconomic theory has its origins in the study of business cycles and monetary theory.

Similarities between 2008–09 Keynesian resurgence and History of macroeconomic thought

2008–09 Keynesian resurgence and History of macroeconomic thought have 40 things in common (in Unionpedia): Adam Smith, Austrian School, Business cycle, Central bank, David Romer, Edward C. Prescott, Financial crisis of 2007–2008, Fiscal multiplier, Friedrich Hayek, Great Moderation, Great Recession, Inflation, Interest rate, John B. Taylor, John Maynard Keynes, Keynesian economics, Lucas critique, Ludwig von Mises, Market liquidity, Milton Friedman, Monetarism, Monetary policy, Money supply, Neoclassical economics, New classical macroeconomics, New Keynesian economics, Paul Volcker, Perfect competition, Post-Keynesian economics, Real business-cycle theory, ..., Recession, Robert Barro, Robert Lucas Jr., Speculation, Stagflation, The General Theory of Employment, Interest and Money, University of Cambridge, University of Chicago, Velocity of money, World War II. Expand index (10 more) »

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

2008–09 Keynesian resurgence and Adam Smith · Adam Smith and History of macroeconomic thought · See more »

Austrian School

The Austrian School is a school of economic thought that is based on methodological individualism—the concept that social phenomena result from the motivations and actions of individuals.

2008–09 Keynesian resurgence and Austrian School · Austrian School and History of macroeconomic thought · See more »

Business cycle

The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.

2008–09 Keynesian resurgence and Business cycle · Business cycle and History of macroeconomic thought · See more »

Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

2008–09 Keynesian resurgence and Central bank · Central bank and History of macroeconomic thought · See more »

David Romer

David Hibbard Romer (born March 13, 1958) is an American economist, the Herman Royer Professor of Political Economy at the University of California, Berkeley, the author of a standard textbook in graduate macroeconomics as well as many influential economic papers, particularly in the area of New Keynesian economics.

2008–09 Keynesian resurgence and David Romer · David Romer and History of macroeconomic thought · See more »

Edward C. Prescott

Edward Christian Prescott (born December 26, 1940) is an American economist.

2008–09 Keynesian resurgence and Edward C. Prescott · Edward C. Prescott and History of macroeconomic thought · See more »

Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

2008–09 Keynesian resurgence and Financial crisis of 2007–2008 · Financial crisis of 2007–2008 and History of macroeconomic thought · See more »

Fiscal multiplier

In economics, the fiscal multiplier (not to be confused with monetary multiplier) is the ratio of a change in national income to the change in government spending that causes it.

2008–09 Keynesian resurgence and Fiscal multiplier · Fiscal multiplier and History of macroeconomic thought · See more »

Friedrich Hayek

Friedrich August von Hayek (8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher best known for his defense of classical liberalism.

2008–09 Keynesian resurgence and Friedrich Hayek · Friedrich Hayek and History of macroeconomic thought · See more »

Great Moderation

In economics, the Great Moderation is a term coined in 2002 to describe a reduction in the volatility of business cycle fluctuations starting in the mid-1980s, believed at that time to be permanent, and to have been caused by institutional and structural changes in developed nations in the later part of the twentieth century.

2008–09 Keynesian resurgence and Great Moderation · Great Moderation and History of macroeconomic thought · See more »

Great Recession

The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s.

2008–09 Keynesian resurgence and Great Recession · Great Recession and History of macroeconomic thought · See more »

Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

2008–09 Keynesian resurgence and Inflation · History of macroeconomic thought and Inflation · See more »

Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).

2008–09 Keynesian resurgence and Interest rate · History of macroeconomic thought and Interest rate · See more »

John B. Taylor

John Brian Taylor (born December 8, 1946) is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University's Hoover Institution.

2008–09 Keynesian resurgence and John B. Taylor · History of macroeconomic thought and John B. Taylor · See more »

John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

2008–09 Keynesian resurgence and John Maynard Keynes · History of macroeconomic thought and John Maynard Keynes · See more »

Keynesian economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).

2008–09 Keynesian resurgence and Keynesian economics · History of macroeconomic thought and Keynesian economics · See more »

Lucas critique

The Lucas critique, named for Robert Lucas's work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationships observed in historical data, especially highly aggregated historical data.

2008–09 Keynesian resurgence and Lucas critique · History of macroeconomic thought and Lucas critique · See more »

Ludwig von Mises

Ludwig Heinrich Edler von Mises (29 September 1881 – 10 October 1973) was an Austrian-American theoretical Austrian School economist.

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Market liquidity

In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price.

2008–09 Keynesian resurgence and Market liquidity · History of macroeconomic thought and Market liquidity · See more »

Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

2008–09 Keynesian resurgence and Milton Friedman · History of macroeconomic thought and Milton Friedman · See more »

Monetarism

Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation.

2008–09 Keynesian resurgence and Monetarism · History of macroeconomic thought and Monetarism · See more »

Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

2008–09 Keynesian resurgence and Monetary policy · History of macroeconomic thought and Monetary policy · See more »

Money supply

In economics, the money supply (or money stock) is the total value of monetary assets available in an economy at a specific time.

2008–09 Keynesian resurgence and Money supply · History of macroeconomic thought and Money supply · See more »

Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

2008–09 Keynesian resurgence and Neoclassical economics · History of macroeconomic thought and Neoclassical economics · See more »

New classical macroeconomics

New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical framework.

2008–09 Keynesian resurgence and New classical macroeconomics · History of macroeconomic thought and New classical macroeconomics · See more »

New Keynesian economics

New Keynesian economics is a school of contemporary macroeconomics that strives to provide microeconomic foundations for Keynesian economics.

2008–09 Keynesian resurgence and New Keynesian economics · History of macroeconomic thought and New Keynesian economics · See more »

Paul Volcker

Paul Adolph Volcker Jr. (born September 5, 1927) is an American economist.

2008–09 Keynesian resurgence and Paul Volcker · History of macroeconomic thought and Paul Volcker · See more »

Perfect competition

In economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition.

2008–09 Keynesian resurgence and Perfect competition · History of macroeconomic thought and Perfect competition · See more »

Post-Keynesian economics

Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, with subsequent development influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor, Sidney Weintraub, Paul Davidson, Piero Sraffa and Jan Kregel.

2008–09 Keynesian resurgence and Post-Keynesian economics · History of macroeconomic thought and Post-Keynesian economics · See more »

Real business-cycle theory

Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations to a large extent can be accounted for by real (in contrast to nominal) shocks.

2008–09 Keynesian resurgence and Real business-cycle theory · History of macroeconomic thought and Real business-cycle theory · See more »

Recession

In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity.

2008–09 Keynesian resurgence and Recession · History of macroeconomic thought and Recession · See more »

Robert Barro

Robert Joseph Barro (born September 28, 1944) is an American macroeconomist and the Paul M. Warburg Professor of Economics at Harvard University.

2008–09 Keynesian resurgence and Robert Barro · History of macroeconomic thought and Robert Barro · See more »

Robert Lucas Jr.

Robert Emerson Lucas Jr. (born September 15, 1937) is an American economist at the University of Chicago.

2008–09 Keynesian resurgence and Robert Lucas Jr. · History of macroeconomic thought and Robert Lucas Jr. · See more »

Speculation

Speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable at a future date.

2008–09 Keynesian resurgence and Speculation · History of macroeconomic thought and Speculation · See more »

Stagflation

In economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

2008–09 Keynesian resurgence and Stagflation · History of macroeconomic thought and Stagflation · See more »

The General Theory of Employment, Interest and Money

The General Theory of Employment, Interest and Money of 1936 is the last and most important book by the English economist John Maynard Keynes.

2008–09 Keynesian resurgence and The General Theory of Employment, Interest and Money · History of macroeconomic thought and The General Theory of Employment, Interest and Money · See more »

University of Cambridge

The University of Cambridge (informally Cambridge University)The corporate title of the university is The Chancellor, Masters, and Scholars of the University of Cambridge.

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University of Chicago

The University of Chicago (UChicago, U of C, or Chicago) is a private, non-profit research university in Chicago, Illinois.

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Velocity of money

Similar chart showing the velocity of a broader measure of money that covers M2 plus large institutional deposits, M3. The US no longer publishes official M3 measures, so the chart only runs through 2005. The term "velocity of money" (also "The velocity of circulation of money") refers to how fast money passes from one holder to the next.

2008–09 Keynesian resurgence and Velocity of money · History of macroeconomic thought and Velocity of money · See more »

World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

2008–09 Keynesian resurgence and World War II · History of macroeconomic thought and World War II · See more »

The list above answers the following questions

2008–09 Keynesian resurgence and History of macroeconomic thought Comparison

2008–09 Keynesian resurgence has 248 relations, while History of macroeconomic thought has 190. As they have in common 40, the Jaccard index is 9.13% = 40 / (248 + 190).

References

This article shows the relationship between 2008–09 Keynesian resurgence and History of macroeconomic thought. To access each article from which the information was extracted, please visit:

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