Published Apr 27, 2009

Ricardo Reis on Keynes, Macroeconomics, and Monetary Policy

Ricardo Reis delves into the lasting impact of Keynesian economics and its evolution into Neo-Keynesian thought on contemporary economic policy, discussing key concepts like price stickiness and fiscal policy's role during downturns, with Russ Roberts highlighting lessons from the Great Depression and banking reform challenges.

Episode Highlights

Topics covered

Episode Highlights

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Dexa/Russ Roberts

Ricardo Reis on Keynes, Macroeconomics, and Monetary Policy

Topics covered

Popular Clips

The Role of Government Spending

The New Model

Organizing Macroeconomic Thinking

Price Stickiness and Misallocation

The Great Depression's Lingering Impact

Sticky Prices and the Business Cycle

Monetary Policy Insights

Lessons from Great Depression

Challenges in Banking Reform

Uncovering Fiscal Policy

Understanding Aggregate Demand

Monetary Policy Insights

The Keynesian-Monetarist Debate

Understanding ISLM

Episode Highlights

Keynesian Economics

Price Stickiness

Fiscal Policy Analysis

Related Episodes

Guillermo Calvo on the Crisis, Money, and Macro

John Taylor on Fiscal and Monetary Policy

Robert Hall on Recession, Stagnation, and Monetary Policy

Tyler Cowen on Monetary Policy

Steve Fazzari on Keynesian Economics

George Selgin on Monetary Policy and the Great Recession

Steve Hanke on Hyperinflation, Monetary Policy, and Debt

David Beckworth on Money, Monetary Policy, and the Great Recession

John Taylor on Monetary Policy

Greg Mankiw on Gasoline Taxes, Keynes and Macroeconomics

Nicholas Wapshott on Keynes and Hayek

Milton Friedman on Money

Scott Sumner on Monetary Policy

Steve Fazzari on Stimulus and Keynes

Larry White on Hayek and Money

Ricardo Reis on Keynes, Macroeconomics, and Monetary Policy

Topics covered

Popular Clips

Episode Highlights

Keynesian EconomicsRicardo Reis explores the enduring influence of Keynesian economics in education and its evolution into Neo-Keynesian models. He discusses the role of these models in shaping modern economic theory and policy, particularly in the context of monetary policy debates.

Keynesian Economics

Price StickinessThe discussion shifts to the impact of sticky prices and wages on business cycles and their modern interpretation. Ricardo Reis explores how these concepts contribute to economic fluctuations and the complexities involved in adjusting prices in today's economy.

Price Stickiness

Fiscal Policy AnalysisThe discussion shifts to the role of government spending and its debated effectiveness during economic downturns. Ricardo Reis and Russ Roberts explore lessons from the Great Depression and the challenges of implementing banking reforms.

Fiscal Policy Analysis

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