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Keynesian Economics: Back from the Dead

Summary:
The Godley-Tobin Lecture by Bob Rowthorn, to be published by the Review of Keynesian Economics. [embedded content] Rowthorn suggests that many Keynesian features are part of the mainstream now, in particular showing a stable Phillips Curve without a natural rate. I remain more skeptical about the return of Keynesianism within the mainstream, but worth listening to his thoughts.

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The Godley-Tobin Lecture by Bob Rowthorn, to be published by the Review of Keynesian Economics.

Rowthorn suggests that many Keynesian features are part of the mainstream now, in particular showing a stable Phillips Curve without a natural rate. I remain more skeptical about the return of Keynesianism within the mainstream, but worth listening to his thoughts.
Matias Vernengo
Econ Prof at @BucknellU Co-editor of ROKE & Co-Editor in Chief of the New Palgrave Dictionary of Economics

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