While the post Keynesian literature offers a rather clear concept for growth-oriented policies,
it is necessary to adapt them for peripheral emerging economies. We base our analysis of …

Modern mainstream economics is attracting an increasing number of critics of its high
degree of abstraction and lack of relevance to economic reality. Economists are calling for a …

The recent financial crises pointed out the central role of public and private debt in modern
economies. However, even if debt is a recurring topic in discussions about the current …

This book provides a much-needed re-examination of monetary and fiscal policies, their
application in the real world and their potential for macroeconomic policy in the 21st century …

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 …

Fiscal policy has a strong role to play in the transition to an ecologically sustainable
economy. This contribution critically discusses the way that green fiscal policy has been …

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 …

ABSTRACT A central tenet of the so‐called new consensus view in macroeconomics is that
there is no long‐run trade‐off between inflation and unemployment. The main policy …

Since the early 1990s, a number of countries have adopted Inflation Targeting (IT) in an
effort to reduce inflation. Most literature has praised IT as a superior framework of monetary …

This book analyses how the economic crisis in the 1970s led to the erosion of the regulated
type of capitalism that came to be in place after World War II, and paved the way to a …