This paper reviews the post-Keynesian theory of inflation against the background of the
simultaneous rise in inflation and profit shares in the course of the COVID-19 recovery and …

The first version of this book was published in 1992 as Foundations of Post-Keynesian
Economic Analysis. Ten years later, in 2002, I was asked to write a new edition; in fact …

This book grew out of our research on the macroeconomic causes of unemployment, rising
in e qual ity, and the rather lackluster growth and productivity per for mance in Western Eu …

Monetary policy has become firmly based on the use of interest rate as the key policy
instrument, and in a one instrument–one target framework. The approach to monetary policy …

Presenting an in-depth overview of the foundations and developments of post-Keynesian
macroeconomics since Kalecki and Keynes, this timely book develops a comprehensive …

ABSTRACT A common view is now pervasive in policy research at universities and central
banks, which one could call the New Keynesian consensus, based on an endogenous …

The NAIRU (non‐accelerating inflation rate of unemployment) theory has become the
mainstream theory in explaining unemployment in Europe and is often used to justify …

Alongside an emphasis on monetary policy, rather than fiscal policy, has gone the
development of what now may be termed a 'new consensus' in macroeconomics and …

New Consensus Models (NCMs) have been criticised by Post-Keynesians for a variety of
reasons, and amendments or alternatives have been presented. The present paper attempts …

We analyse the effects of interest rate variations on the rates of capacity utilisation, capital
accumulation and profit in a simple post-Kaleckian distribution and growth model. This …