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A POST-KEYNESIAN AMENDMENT TO THE NEW CONSENSUS ON MONETARY POLICY

✍ Scribed by Marc Lavoie


Book ID
111044511
Publisher
John Wiley and Sons
Year
2006
Tongue
English
Weight
288 KB
Volume
57
Category
Article
ISSN
0026-1386

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A POST-KEYNESIAN AMENDMENT TO THE NEW CO
✍ Marc Lavoie πŸ“‚ Article πŸ“… 2006 πŸ› John Wiley and Sons 🌐 English βš– 288 KB

## 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 money supply. This new consensus reproduces received wisdom: in the long run, expansionary fiscal policy leads to higher inflatio