Journal of Management, Economic, and Financial
Vol. 4 No. 2 (2026): Journal of Management, Economic and Financial

Analysis : From Operational Frameworks to Classical-Keynesian Theoretical Debates

Muhammad Permadi (Sekolah Tinggi Agama Islam Kuningan, Indonesia)
Atin Risnawati (Sekolah Tinggi Agama Islam Kuningan, Indonesia)



Article Info

Publish Date
25 Feb 2026

Abstract

Macroeconomic monetary policy is a key instrument in maintaining economic stability through the control of inflation, interest rates, and money supply. In the theoretical framework, the ideas of John Maynard Keynes emphasize the importance of an active role of monetary authorities in stimulating the economy, particularly during periods of declining aggregate demand. This Keynesian approach is reflected in expansionary monetary policies such as lowering interest rates and increasing liquidity to encourage investment and consumption. In international practice, countries such as the United States through the Federal Reserve and Japan through the Bank of Japan have implemented similar policies, especially during global economic crises, by using both conventional and unconventional instruments such as quantitative easing. However, modern monetary policy is not purely Keynesian, as it combines various approaches to maintain macroeconomic stability. Therefore, macro monetary policy across countries is adaptive and contextual, aiming to ensure financial system stability, support economic growth, and improve public welfare.

Copyrights © 2026






Journal Info

Abbrev

jmef

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

The Journal of Management, Economic, and Financial is a double-blind peer review and open access academic journal. This journal is a scientific magazine published six issues per year has published its first issue in 2022 with e-ISSN 2986-6863. The journal publishes research papers, technical papers, ...