Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics

Inbunden, Engelska, 2020

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Beskrivning

Hassan Bougrine, Louis-Philippe Rochon and the expert contributors to this book explore issues of economic growth and full employment; presenting a clear explanation to stagnation, recessions and crises, including the latest Global Financial Crisis of 2007-8. With a central focus on the role played by government spending, deficits and debt as well as the setting of interest rates, the chapters propose alternative policies that can be used by central banks and fiscal authorities to deal with problems of income inequality, unemployment and slow productivity.Students and professors of economics, policymakers interested in alternative policies, academics and scholars in all fields will benefit from the explorations therein and would do well to seek out the companion publication, Credit, Money and Crises in Post-Keynesian Economics, also published by Edward Elgar Publishing.Contributors include: P. Arestis, R.A. Blecker, S. Cesaratto, O. Costantini, J.J. da Silveira, M. Dufour, A.K. Dutt, G. Epstein, G. Fujii-Gambero, M. García-Ramos, J. Halevi-Haifa, G.C. Harcourt, E. Hein, E. Kam, J.E. King, P. Kriesler, G.T. Lima, J.A. Montecino, T.I. Palley, F.J. Prante, M. Sawyer, M. Setterfield, J. Smithin, J. Stanford, S. Storm

Produktinformation

Utgivningsdatum:2020-07-21
Mått:156 x 234 x undefined mm
Format:Inbunden
Språk:Engelska
Serie:New Directions in Post-Keynesian Economics series
Förlag:Edward Elgar Publishing Ltd
ISBN:9781786439567

Utforska kategorier

Nationalekonomi inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap

Mer om författaren

Edited by Hassan Bougrine, Full Professor and Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy, Editor-in-Chief, Challenge, Founding Editor Emeritus, Review of Keynesian Economics and Director, Monetary Policy Institute

Recensioner i media

'This volume brings together some of the finest cutting-edge research in contemporary macroeconomics. It's a fitting tribute to Marc Lavoie and Mario Seccareccia, but beyond that it will become an invaluable resource for anyone seeking to understand current patterns of economic growth and development across the world.'--Jayati Ghosh, Jawaharlal Nehru University, New Delhi

Innehållsförteckning

Contents:AcknowledgmentsINTRODUCTION: Economic policies for growth and developmentHassan Bougrine and Louis-Philippe RochonPART 1: ECONOMIC GROWTH AND POST-KEYNESIAN ECONOMICS1. Celebrating Pioneers Louis-Philippe Rochon and Hassan Bougrine 2. Autonomous demand growth, distribution and fiscal and monetary policy in the short and long RunsAmitava Krishna Dutt 3 Functional distribution and wage inequality in recent Kaleckian growth modelsEckhard Hein and Franz J. Prante4 Trade and growth in middle-income economies: Mexico, Korea and ChinaGerardo Fujii-Gambero, Julio López-Gallardo and Manuel García-Ramos5 Household Debt and the Rentiers’ Share of IncomeOrsola Costantini6 Secular stagnation, loanable funds and demography: why the Zero-Lower Bound (ZLB) is not the problemServaas Storm7 Hicks on Hayek, Keynes, and WicksellJohn Smithin and Eric Kam8 Garegnani, Ackley and the years of high theory at SvimezSergio Cesarrato9 The Role of Destabilising Expectations in the 2000-2001 Turkish Crisis: A Behavioural Economics Complement to the Financial Fragility HypothesisMathieu Dufour PART 2: MACRO-STABILIZATION POLICIES AND POST-KEYNESIAN ECONOMICS10 Long-term shifts in demand and distribution in neo-Kaleckian and neo-Goodwinian modelsRobert A. Blecker11 The Problematic Nature of the Macroeconomic Policies of the Economic and Monetary UnionPhilip Arestis and Malcom Sawyer12 The Political Economy of QE and the Fed: Who Gained, Who Lost and Why did it End?Juan Antonio Montecino and Gerald Epstein13 Central Bank Independence RevisitedGeoffrey. C. Harcourt, Peter Kriesler and Joseph Halevi14 The Case for a Capital LevyJohn E. King15 Negative interest rate policy (NIRP) and the fallacy of the natural rate of interest: Why NIRP may worsen Keynesian unemploymentTom I. Palley16 Dimensions and Implications of the Slowdown in OECD Business InvestmentJim Stanford17 The Great Deception: The ‘Science’ of Monetary Policy and the Great Moderation RevisitedGilberto Tadeu Lima , Mark Setterfield and Jaylson Jair da SilveiraIndex