NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Reincarnation of Keynesian Economics

N. Gregory Mankiw

NBER Working Paper No. 3885 (Also Reprint No. r1736)
Issued in October 1991
NBER Program(s):   ME   EFG

This paper discusses the reemergence of Keynesian economics during the past decade. It highlights the substantial differences between new Keynesian economics and the convictions of early Keynesians. In particular, it points out that new Keynesians have adopted many views that were once considered "monetarist" or "classical." It concludes that the term "Keynesian" may have outlived its usefulness.

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Document Object Identifier (DOI): 10.3386/w3885

Published: European Economic Review, Vol. 36, pp. 559-565, (1992).

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