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Response to Is Alan Greenspan a Keynesian?

from Bradford DeLong (delong@econ.berkeley.edu)
Alan Greenspan would certainly not say that he is a Keynesian. He might say that he is a Wicksellian--a believer in equilibrium real interest rates, and in the roleof the central bank in stabilizing the economy by interest rate management.

Of course, in practice there seems to me to be very little difference between a follower of Lord Keynes and a follower of his Swedish contemporary, Knut Wicksell...

(posted 8706 days ago)

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