What is another word for new keynesian economics?
Pronunciation: [njˈuː kiːnˈiːzi͡ən ˌiːkənˈɒmɪks] (IPA) 
New Keynesian economics refers to a school of thought that emerged in the 1980s, which shares many of the principles of the original Keynesian economics. This theory is concerned with the short-run business cycles and the role of government intervention in the economy. As the name suggests, the focus was to update the basics of Keynesian economics to make it more applicable to the modern economy. Other words that might be used to describe new Keynesian economics include neo-Keynesian economics, updated Keynesian theory, and post-Keynesian economics. All of these terms point to the school of thought that was adapted to reflect the changing economic environment of the time.
