The Godley-Tobin lecture

Robert Rowthorn
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Robert Rowthorn: University of Cambridge

Review of Keynesian Economics, 2020, vol. 8, issue 1, 1-20

Abstract: This paper surveys some of the main developments in macroeconomics since the anti-Keynesian counter-revolution 40 years ago. It covers both mainstream and heterodox economics. Amongst the topics discussed are: New Keynesian economics, Modern Monetary Theory, expansionary fiscal contraction, unconventional monetary policy, the Phillips curve, hysteresis, and heterodox theories of growth and distribution. The conclusion is that Keynesian economics is alive and well, and that there has been a degree of convergence between heterodox and mainstream economics.

Keywords: macroeconomics; Keynesian economics; Keynes; MMT (search for similar items in EconPapers)
JEL-codes: B22 E10 E31 E60 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:elg:rokejn:v:8:y:2020:i:1:p1-20

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