El debate actual entre Keynesianismo y Monetaristas

David Cobham

Lecturas de Economía, 1986, issue 19, 153-173

Abstract: Much of the recent debate about macroeconomic theory and policy in the United Kingdom has been seen as a simple clash between monetarists and Keynesians. This article argues that the vision is false. It traces out the changes which have taken place in the British economy since the start of the seventies and suggest some of the possible causes. These are developed around a framework of five fundamental differences that existed between monetarists and Keynesians at the start of the seventies and explains why there has been significant convergence over the disputed issues. Finally it notes the development of new dualism in policy discussion between the convergent views discussed in the earlier sections and the position taken by the new classical economists.

Keywords: Teoría y política macroeconómica; Reino Unido (search for similar items in EconPapers)
Date: 1986
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