The model identifies perceived demand and supply shocks on each day, along with their persistence and associated risk premiums. We find that financial markets started to predict the post-COVID surge ...

Hybrid New Keynesian models. Hybrid New Keynesian models have the canonical model at their core, but they introduce a number of important modifications. Typically these modifications seek to generate ...

Keynesian economics dominated economic theory and policy after World War II until the 1970s, when many advanced economies suffered both inflation and slow growth, a condition dubbed “stagflation.” ...

Orszag has exposed the flamboyant absurdity of a narrative that has given politicians crucial cover from mindless errors committed by politicians 21 months ago.

Keynesian economics comes from economist John Maynard Keynes, author of the 1936 book "The General Theory of Employment, Interest and Money." Keynes believed the government could manage demand to ...