Post-Keynesian Principles of Economic Policy
Claude Gnos, Louis-Philippe Rochon
Edward Elgar Publishing, 2005 - Business & Economics - 276 pages
Post-Keynesian economics is moving beyond criticism of mainstream economics and is focusing on providing a positive alternative to orthodoxy. This book gathers carefully selected and original papers by a number of distinguished post-Keynesian writers from
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aggregate demand approach Arestis asset prices balance sheet banking spread behaviour Brazil Brazilian budget capital cent central bank changes chapter Chartalists Circuitists common currency consensus constraint convergence costs countries currency board current account debt deficit dollar domestic economic policy economists Edward Elgar effects endogenous money Equation equilibrium euro exogenous expenditures external balance firms fiscal policy fixed exchange rates foreign exchange framework full employment global impact income increase inflation rate inflation targeting institutional interest rate policy investment Keynes Keynes's labour market Lavoie liabilities loans long-run macroeconomic mainstream monetary authority monetary policy money endogeneity money supply NAIRU nominal nominal interest rate output Palley Phillips curve Post Keynesian Economics Post-Keynesian potential output private sector production profits rate of inflation rate of interest rentiers reserves result Rochon seigniorage short-term spending stability surplus taxes theory trade variable wage Wicksellian Wray