| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1987 |
| 来源ID | Working Paper 1987 |
| Economic Events and Keynesian Ideas: The 1930s and the 1970s | |
| Michael R. Darby; James R. Lothian | |
| 发表日期 | 1986-07-01 |
| 出版年 | 1986 |
| 语种 | 英语 |
| 摘要 | Keynes' General Theory was a brilliant attempt to explain the paradox of low interest rates, ineffectual easy monetary policy, and low investment during the Great Depression. We argue that Keynes' failure to distinguish between low nominal and high real interest rates led him to misinterpret a tight and all too effective monetary policy and unnecessarily hypothesize a downward shift in investment demand. Keynesian ideas in turn profoundly influenced economic policy in the 1960s and 1970s. The resulting postwar inflation -- rather than scholarship on what actually happened in the 1930s -- appears to be the primary reason for the waning influence of the ideas derived from the General Theory. |
| 主题 | Other |
| URL | https://www.nber.org/papers/w1987 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559238 |
| 推荐引用方式 GB/T 7714 | Michael R. Darby,James R. Lothian. Economic Events and Keynesian Ideas: The 1930s and the 1970s. 1986. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1987.pdf（255KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
