Reis on Keynes, Macroeconomics, and Monetary Policy

Ricardo Reis talks with host Russ Roberts about Keynesian economics in the classroom and research. Reis argues that Keynesian models are a useful framework for helping students understand macroeconomic ideas of general equilibrium. He argues that Keynesian ideas remain influential in macroeconomic research, particularly among Neo-Keynesians. He discusses lessons learned from the Great Depression and suggests that those lessons have helped us manage the current crisis. The conversation closes with a discussion of whether economics is a science.