Category Archives: Keynesian policy

Keynes A monetary theory of production

Posted on August 4, 2020 by haroldchorneyeconomist

One of the major mistakes of some Keynesian interpreters and followers has been to underestimate the extent to which Keynes believed that monetary policy along side fiscal policy was and remains important. It is a necessary but not sufficient mechanism … Continue reading →

Posted in fiscal policy, J.M.Keynes, Keynesian policy, monetary policy and Keynes, public infrastructure investment, quantitative easing and Keynes, quantity theory of money, Uncategorized | Leave a comment

President Trump selects Jerome Powell as new Fed chair replacing Janet Yellen

Posted on November 3, 2017 by haroldchorneyeconomist

In what may well turn out to be a controversial decision President Trump has broken with precedent and decided not to reappoint Janet Yellen to a second term as Fed chair despite praising her for her excellent work as chair. … Continue reading →

Posted in Federal Reserve, full employment, Keynesian policy, quantitative easing, U.S., urban culture | Leave a comment

Even IMF believes in debt financed public infrastructure: at current low interest rates multiplier may be 3

Posted on October 6, 2014 by haroldchorneyeconomist

According to a commentary by Larry Summers in today’s Financial Times the IMF has pronounced itself finally in favour of major public infrastructure investment financed not by tax increases but by medium and long term borrowing. The current low interests … Continue reading →

Posted in anti austerity, deficit hysteria, Keynesian policy, public infrastructure investment | Leave a comment