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 …

This book by William Mitchell and Joan Muysken is both important and timely. It deals with
the issue of the abandonment of full employment as an objective of economic policy in the …

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 …

This paper focuses on an alternative perspective on inflation to that of the non-accelerating
inflation rate of unemployment (NAIRU). It indicates that there are no automatic forces …

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 …

The idea that the government should stand ready to provide work to all who seek paid
employment but cannot otherwise find a job has been advanced by a number of authors in …

In this paper the main developments in post-Keynesian macroeconomics since the mid
1990s will be reviewed. For this purpose the main differences between heterodox …

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 …