This paper aims to survey the existing literature, both theoretical and empirical, on the
relationship between monetary policy and economic growth. While there has been a wide …

The global financial crisis and ensuing weak growth have increased interest in
macroeconomic issues within comparative political economy (CPE). CPE, particularly the …

This paper provides an assessment of the different channels through which monetary, fiscal
and income policies affect prices and output in a small open economy and discuss which …

A conference was held under the aegis of the UK's 'Government Economic Service', 30
November 2005, under the title 'Is There a New Consensus in Macroeconomics?', and a …

The policy feedback literature was initially concerned with explaining how positive feedback
could lead to self-reinforcing policy trajectories. More recently, policy scholars have devoted …

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 …

Current macroeconomics, the 'New Consensus Macroeconomics', downgrades significantly
the role of fiscal policy as a stabilisation instrument of macroeconomic policy. This paper …

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 …

The recent banking crisis has opened up the discourse about central banking. The purpose
here is to revisit the principles of central banking and the theoretical framework for applying …

This paper examines the implications of the experience with the financial crisis of August
2007 for fiscal policy and the use made of it. We briefly sketch the changing attitudes toward …