| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24367 |
| 来源ID | Working Paper 24367 |
| Keynes on the Sequencing of Economic Policy: Recovery and Reform in 1933 | |
| Sebastian Edwards | |
| 发表日期 | 2018-03-05 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | On December 31 1933, The New York Times published an open letter from John Maynard Keynes to President Franklin D. Roosevelt. In it Keynes encouraged FDR to expand public works through government borrowing. He also criticized FDR’s exchange rate policy, and argued that there was a need for lower long-term interest rates. But perhaps the most interesting feature of this letter is that Keynes made comments on the sequencing and speed of economic policies. He argued that “recovery” policies should precede “reform” measures. In this paper I analyze this particular aspect of the open letter, and I argue that for Keynes exchange rate stability was a key component of what he considered to be the appropriate order of policy. I also provide a comparison between Keynes’s views on sequencing and those developed in the 1980s and 1990s. |
| 主题 | Other ; History of Economic Thought ; Macroeconomics ; Business Cycles ; International Economics ; International Finance ; History ; Macroeconomic History ; Financial History |
| URL | https://www.nber.org/papers/w24367 |
| 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/582040 |
| 推荐引用方式 GB/T 7714 | Sebastian Edwards. Keynes on the Sequencing of Economic Policy: Recovery and Reform in 1933. 2018. |
| 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 | ||
| w24367.pdf（207KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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