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

'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

• 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

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

'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

• 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

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

'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

• 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