15/07/26 18:00:28.56 uDhGJ6nw.net
出典: 経済学者ポール・クルーグマンのブログの1つ（7月19日）
原文サイト
URLﾘﾝｸ(krugman.blogs.nytimes.com)
The Euroskeptic Vindication
One theme I’ve returned to often in this blog is that far from failing
in the crisis, more or less conventional Hicks/Keynes macroeconomics ---
whether or not you dress it up in New Keynesian algebra --- has performed
very well. The quiescence of interest rates and inflation despite large
budget deficits and huge increases in the monetary base, the strong negative
correlation between fiscal austerity and growth, all have been just what
someone who knew his or her IS-LM and took it seriously would have predicted.
Anti-Keynesians keep making more or less desperate efforts to refute this
proposition, usually by taking something I said out of context and pretending
that something that happened for one year somewhere or other is contrary to
what the Evil One claimed. But the overall shape of events has been very Keynesian,
and very much at odds with alternative stories.