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How to Fix Coordination Lags in the Keynesian Macroeconomical Intervention?

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  • Tommi P. Laiho

Abstract

The Keynesian macroecomic intervention often fails. This is most likely due to forecasting problems of the macroeconomy. This article present a software idea of fuzzy logic controlling unit which replaces long and tedious human intervention in macroeconomic stimulation process. The Keynesian Macroeconomic intervention now made by officials and politicians is suggested to be made by much faster and more purposeful automatic computer adjustment process. It is assumed that this kind of just in time and very fast automatic computer intervention would lead to optimimal usage of the resources in a much better way than any current human lead systems would be able to do.

Suggested Citation

  • Tommi P. Laiho, 2020. "How to Fix Coordination Lags in the Keynesian Macroeconomical Intervention?," Business and Management Studies, Redfame publishing, vol. 6(3), pages 72-76, September.
    • Handle: RePEc:rfa:bmsjnl:v:6:y:2020:i:3:p:72-76
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    References listed on IDEAS

    as
    1. Alan S. Blinder, 2004. "The Case Against the Case Against Discretionary Fiscal Policy," Working Papers 102, Princeton University, Department of Economics, Center for Economic Policy Studies..
    2. Alan S. Blinder, 2004. "The Case Against the Case Against Discretionary Fiscal Policy," Working Papers 102, Princeton University, Department of Economics, Center for Economic Policy Studies..
    3. Thorsten Drautzburg, 2019. "Why Are Recessions So Hard to Predict? Random Shocks and Business Cycles," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 4(1), pages 1-8, January.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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