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Fiscal and Monetary Policy in the Keynes—Kalecki Tradition

Alois Guger, Ewald Walterskirchen

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Abstract

The co-existence of rising inflation, unemployment rates and budget deficits has discredited fiscal policy in the last decade. Keynesian economics, the dominant mode of thought in economic policy and economic analysis, has been depreciated and the old orthodoxy has gained ground again. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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What this paper is about

The co-existence of rising inflation, unemployment rates and budget deficits has discredited fiscal policy in the last decade. Keynesian economics, the dominant mode of thought in economic policy and economic analysis, has been depreciated and the old orthodoxy has gained ground again. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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OpenAlex reports 28 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The co-existence of rising inflation, unemployment rates and budget deficits has discredited fiscal policy in the last decade. Keynesian economics, the dominant mode of thought in economic policy and economic analysis, has been depreciated and the old orthodoxy has gained ground again. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Key concepts: Economics, Keynesian economics, Orthodoxy, Fiscal policy, Inflation (cosmology), Post-Keynesian economics, Monetary policy, Unemployment

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