The Keynesian demand-led growth model emphasizes short-run demand instability and the nature of the institutional framework, in particular the financial system, to explain how short-run unstable macroeconomic dynamics are contained. Current discourse about macroeconomics in the press and among policymakers suffers from a poor understanding of more nuanced Keynesian theory and the evidence that supports it. To address this gap, this project includes the development of a new, internet-based resource designed as a reference for non-specialists who want to improve their understanding of Keynesian principles.
The Resurgence of Keynesian Macroeconomics
This research project elaborates an original model of Keynesian demand-led growth and communicates Keynesian macroeconomic insights to a broad and diverse audience.