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The New Consensus on Monetary Policy and its Post-Keynesian Critique

✍ Scribed by Kriesler, Peter; Lavoie, Marc

Book ID
115442908
Publisher
Taylor and Francis Group
Year
2007
Tongue
English
Weight
149 KB
Volume
19
Category
Article
ISSN
0953-8259

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πŸ“œ SIMILAR VOLUMES

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