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- The Economist sez the term first appeared in the journals in a 1945 article by Jacob Marschak. But according to an authoritative source — Krugman and Wells — the term was coined in 1933 by Ragnar Frisch.
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Jul 17, 2009 · The Economist sez the term first appeared in the journals in a 1945 article by Jacob Marschak. But according to an authoritative source — Krugman and Wells — the term was coined in 1933 by...
Jul 17, 2023 · 17.2: Keynesian Economics in the 1960s and 1970s. 17.3: 32.3:. An Emerging Consensus: Macroeconomics for the Twenty-First Century.
Jan 1, 2016 · Macroeconomics, the analysis of economic aggregates, became a recognized field with Keynes’s General Theory (1936) and its mathematical and diagrammatic reformulations, and the macroeconometric modelling pioneered by Tinbergen and Frisch.
Even if Keynes conceded that output might eventually return to a medium-run equilibrium (or "potential") level, the process would be slow at best. Keynes coined the term liquidity preference (his preferred name for what is also known as money demand) and explained how monetary policy might affect aggregate demand, at the same time offering ...
Dec 15, 2023 · Macroeconomics in its modern form is often defined as starting with John Maynard Keynes and his theories about market behavior and governmental policies in the 1930s; several schools of...
Macroeconomics tackles a very large spectrum of questions ranging from the standard growth and business cycle theories, to fiscal and monetary economics, labor market regulations, health and pension systems, redistribution, regulation of financial systems, understanding trade and the determination of exchange rates… The tools and methodology ...
The term macroeconomics appears to have been coined in 1933 by the Norwegian economist Ragnar Frisch. The timing, during the worst year of the Great Depression, was no accident. Still, there were economists analyzing what we now consider macroeconomic issues—the behavior of the aggregate price level and aggregate output—before then.
