How to use Keynesian in a sentence

Looking for sentences and phrases with the word Keynesian? Here are some examples.

Sentence Examples After all, there would appear to be no less reason to apply the same sort of language to Laskian socialists or Keynesian technocrats. The so-called Keynesian era seemed to prove that was good for profits was good for everyone. He is a traditional Keynesian in this regard, which may be his biggest flaw. You don't need to be a Keynesian to figure out that if there's dropping consumption, there won't be any increases in anything else. They began as Keynesian demand management adherents but lost their way during the economic crisis of the 1970's to finish up mild monetarists. Until 1985 both countries followed similar Keynesian policies of deficit spending. Some pundits argue that we need to aggressively institute Keynesian policies, while forcing the banks to lend. Whether you're a Keynesian or a supply-sider, you believe tax cuts stimulate the economy. In the course of this, for the first time, the Keynesian system gets the full treatment that it deserves, raked from every important angle. Only ever greater doses of Keynesian deficit spending prevented the onset of deep crisis, but at the cost of runaway inflation. Instead of the value of money, economics, in assimilating the Keynesian schema of analysis, discovered another stabilizer, the public sector. The Keynesian multiplier is nothing more than a misinterpretation of the classical definition of saving to include the hoarding of cash. They also need to read some economics books to understand how Keynesian economics works. Many economists have asserted that his economic policies were de facto Keynesian. A change in the price level in New Keynesian models arises because those firms that are able to modify their output price choose to do so. It is also showed that these later views foreran themes that were to be emphasized decades later by heterodox economists, particularly the Post Keynesian ones. The Keynesian metaphor is of a driver whose car has stuttered to a halt – so you need to take out the jump leads to get it moving again. The budget did not give the go-ahead for demand-stimulating Keynesian investment. Whether Keynesian spending is the cure-all seems doubtful, however. A particularly intriguing segment of the story deals with how he came to change his opinion on Keynesian economics. Show More Sentences Remember how Ireland's vigorous recovery proved Keynesian economics — and smarty-pants Keynesian economists — wrong? I believe it would not be totally wide of the mark to describe his stance on this issue as belonging to the old Keynesian school of thought. Ambler describes three new channels through which inflation affects economic welfare in New Keynesian models. In other words, neither Keynesian stimulus nor expansionary monetary policy are long term solutions. Now, of course, liberals have always believed in Keynesian countercyclical deficit spending. The widening gyre ReprintsThe splurge was driven partly by Keynesian attempts to end Japan's slump. The thrifty burghers even voted down plans to bid for the winter Olympics. So is Keynesian stimulus banned? And have not Medicare and Medicaid, the later children of the Keynesian New Deal, done the same? The monopolistically competitive firms in New Keynesian models face downward-sloping demand curves for their products. Today's world is functioning, therefore, under a long-term Keynesian system and no longer under monetarism. Hockey may not have cut the budget as hard as might have been expected, but he certainly is no Keynesian. Our discussions focus on the sustainable nature of under-employment and over-supply over several decades that qualify a Keynesian economy. In a classic Keynesian economic move,15 it has attempted to speed up several development projects for new buildings, roads, and infrastructure. The first was the paradigm shift in the 1970s from the Keynesian welfare state model toward the liberal market model. At Newsweek he dueled with his economic nemesis, Paul Samuelson, the amanuensis of the Keynesian revolution. President Johnson promised a War on Poverty, driven by a wizardly new Keynesian confidence that an economy of unprecedented abundance could deliver more groceries to everyone. The gung-ho stimulators have leaned heavily on their faith in stable, predictable, and sizeable short-term Keynesian multipliers. Huge amounts of military spending provide the example that solidifies the Keynesian claim. Neither the Keynesian view of the 1930s nor the Reaganite view of the 1980s is relevant today. In the Keynesian model, higher taxes are inherently anti-inflationary because they reduce purchasing power. Show More Sentences The fact that Keynesian ideas were correct as well as popular simply made my thesis stronger. We needed Keynesian policies again, which completely ruined my nice rise-and-fall thesis. A demand-side cut rests on the Keynesian theory that public consumption spurs economic activity. Conservatives deride Bruce Bartlett, a supply-side economics inventor, as a Keynesian for criticizing their devotion to tax cuts. But obstructionists are unmoved by the standard Keynesian arguments that experienced policy economists take for granted. Goodfriend and King exposit the New Keynesian model in the monetarist spirit. In macroeconomics it is reflected in an early and lasting neoclassical synthesis with Keynesian macroeconomics. National accounting had exercised this role only partially, because its place was at the macroeconomic level, in a Keynesian or central planning perspective, without entering into the detail of public interventions. Until the 70s, which were strongly imbued with Keynesian economics, this growth, although always directed towards the consolidation of a capitalist market, nevertheless implied an active role for the State. This would give them more room to move before hitting their lower limit of zero percent, a level at which the Keynesian 'liquidity trap' threatens the economy. New Keynesian models, where monopolistically competitive firms set nominal prices in a staggered fashion using contracts that hold for several periods. The recession has renewed interest in Keynesian economic ideas on how to combat recessionary conditions. I can see why It cannot be the case that any criticism of capitalism is received as leftwing Keynesian welfarism, and any public sector reform as an attack on the poor. This paper falls within the scope of recent efforts to integrate frictional unemployment into New Keynesian models: firms actively look for workers matching their requirements within the pool of job-seekers. A centre-left politician twice defeats conservative opponents to become president, implements a Keynesian stimulus package and as the recovery takes hold warns of the scourges of inequality and stagnant wages. Ropke argued that the mathematization of economics that occurred after publication of The General Theory was due to the Keynesian influence. Hockey won't rationalise his infrastructure spending in Keynesian terms. Yet, although even the IMF is crying out for the classic Keynesian boost to infrastructure spending, there is precious little sign of a favourable response from policymakers, especially in the beleaguered eurozone. He said following the great depression, Keynesian policies were eventually extended to Europe and it helped the continent in its post-war recovery. In some wealthier countries it is hoped that the current economic crisis may lead to greater investment in social housing and roads as governments follow Keynesian economic principles. Show More Sentences Some Keynesian economists suggest that the principal problem with high annual deficits is not the expenditure side, but the shortfall in revenue due to slow economic growth and underutilized economic capacity. Keynesian economic policy in combination with a very expansive approach on the part of the central banks then triggered a strong rebound on the stock markets almost everywhere in the world. But inflation dynamics is often analysed through the lens of the New Keynesian Phillips curve model in which the labour market is typically displayed as a spot market with no distinction made between heads and hours. National accounts seem spread between increasingly different uses, from their appearance in the context of their initial employment to enthrone Keynesian policies or to guide indicative economic planning. Two reasons explain this result: first the Keynesian stimulus of the first phase, which created many jobs is exactly the same as before, then scientific progress disseminating less, gains in labour productivity are lower. New classical macroeconomics, as distinct from the Keynesian view of the business cycle, posits market clearing with imperfect information. In contrast, the new Keynesian approach retains the rational expectations assumption, however it assumes a variety of market failures. The economic spirit of a people cannot be manipulated in as simple-minded a fashion as the Keynesian mechanists imagine. The Labour government also enacted Keynesian economic policies, to create artificial economic demand leading to full employment. There are also arguments linking monetarism and macroeconomics, treating monetarism as a special case of Keynesian theory. According to Keynesian economists, a combination of deficit spending and the lowering of interest rates would slowly lead to economic recovery. It is true that we are reinterpreting a Keynesian model readjusted to present times, but in this Keynesian model we need to speed up structural reforms. In Japan, official government policy was deflationary and the opposite of Keynesian spending. Roosevelt's New Deal, often called a Keynesian experiment, had nothing to see with Keynes or his theory. It is known as Keynesian economics, spending to prop up the government, put it on the demand side, and end up with stagflation, higher unemployment rates, lower productivity, no growth, no future, no plan. Historically, influenced by Keynesian economics, the party favoured government intervention in the economy, and the redistribution of wealth. This historical temporality is most certainly of a Keynesian nature. The contemporary transition from Keynesian economics to Chicago economics was analysed by Kaldor in The Scourge of Monetarism. But both built up massive deficits, more massive than any Keynesian. Keynesian and monetarist theories dominate macro-economics in general and balance of payments theories in particular. Show More Sentences The work-world of the Keynesian era is often idealised by the left, because it produced social cohesion, high wages and conditions on the shopfloor near to workers' control. Neo-liberal, Thatcherite economics, runs this argument, was fatally undermined by its own internal weaknesses, then interred after the crunch amid a mêlée of Keynesian splurges and nationalisations. Ironically, one of his earlier studies, and perhaps his finest econometric contribution, removed a perceived threat to the maintenance of Keynesian full employment. In addition to teaching Keynesian theory, Robinson wrote several books, study guides, and pamphlets designed to introduce economic theory to the nonspecialist. Last week when Coun Forbes announced the next round of swingeing cuts, MP Dave Anderson wrote a letter in favour of a Keynesian approach to economic downturns. Thus, Keynesian monetary policy aims for a steady rate of inflation. Thus, a central conclusion of Keynesian economics is that, in some situations, no strong automatic mechanism moves output and employment towards full employment levels. Many Keynesian economists initially believed that the Keynesian vs. The literature focuses on the Keynesian multiplier, the idea that a change in government spending will have a multiplied effect on real output or real gross domestic product. This was known as Butskellism, after the almost identical Keynesian policies of Rab Butler on behalf of the Conservatives, and Hugh Gaitskell for Labour. Simpson criticizes major alternative business-cycle theories such as underconsumption and overproduction, Keynesian business-cycle theory, and real business-cycle theory. The government's fiscal policy was strictly Keynesian, and their aim was to create the necessary industrial infrastructure for a prosperous developed country. On the one hand, higher unemployment seemed to call for Keynesian reflation, but on the other hand rising inflation seemed to call for Keynesian disinflation. Examples from Classical Literature Ohanian argue Keynesian elements of the New Deal failed to stimulate growth, by failing to put Americans back to work. Find more words! 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