Edited by Claude Gnos, Senior Research Associate, Centre for Monetary and Financial Studies, University of Burgundy, Dijon, France and the International Economic Policy Institute, Laurentian University, Canada 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

• Contents: Introduction Claude Gnos and Louis-Philippe RochonPART I: MONETARY POLICY1. Interest Rates and the Real EconomyPhilip Arestis and Malcolm Sawyer2. Banking Behaviour and the Brazilian Economy After the End of the Real Plan: A Post-Keynesian ApproachLuiz Fernando De Paula and Antonio J. Alves, Jr3. Is There an Active Role for Monetary Policy in the Endogenous Money Approach?Giuseppe Fontana and Alfonso Palacio-Vera4. The Post-Keynesian Consensus, the New Consensus and Endogenous MoneyVirginie Monvoisin and Louis-Philippe Rochon5. A Post-Keynesian Framework for Monetary Policy: Why Interest Rate Operating Procedures Are Not Enough Thomas I. PalleyPART II: FISCAL POLICY AND EFFECTIVE DEMAND6. What a Long, Strange Trip It’s Been: Can We Muddle Through Without Fiscal Policy?Stephanie Kelton and L. Randall Wray7. Views on Long-term Investment and Finance: Keynes’s Heterodoxy Co-OptedOmar F. Hamouda8. The Absolute Paradox of Economic Policy in Contemporary Capitalism Alain Parguez9. Fiscal Policy, Government Intervention and Endogenous Money: Are Chartalist and Circuitist Theories Complementary?Corinne Pastoret10. Monetary Policy, Labour Market Institutions and US Macroeconomic Performance During the 1990s Mark SetterfieldPART III: REGIONAL AND INTERNATIONAL ISSUES 11. A Fully Coherent Post-Keynesian Model of Currency BoardsMarc Lavoie12. The Post-Keynesian Case for No Exchange RatesBasil J. Moore13. EMU and EU Enlargement: Lessons and PerspectivesSergio RossiIndex

Edited by Claude Gnos, Senior Research Associate, Centre for Monetary and Financial Studies, University of Burgundy, Dijon, France and the International Economic Policy Institute, Laurentian University, Canada 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

• Contents: Introduction Claude Gnos and Louis-Philippe RochonPART I: MONETARY POLICY1. Interest Rates and the Real EconomyPhilip Arestis and Malcolm Sawyer2. Banking Behaviour and the Brazilian Economy After the End of the Real Plan: A Post-Keynesian ApproachLuiz Fernando De Paula and Antonio J. Alves, Jr3. Is There an Active Role for Monetary Policy in the Endogenous Money Approach?Giuseppe Fontana and Alfonso Palacio-Vera4. The Post-Keynesian Consensus, the New Consensus and Endogenous MoneyVirginie Monvoisin and Louis-Philippe Rochon5. A Post-Keynesian Framework for Monetary Policy: Why Interest Rate Operating Procedures Are Not Enough Thomas I. PalleyPART II: FISCAL POLICY AND EFFECTIVE DEMAND6. What a Long, Strange Trip It’s Been: Can We Muddle Through Without Fiscal Policy?Stephanie Kelton and L. Randall Wray7. Views on Long-term Investment and Finance: Keynes’s Heterodoxy Co-OptedOmar F. Hamouda8. The Absolute Paradox of Economic Policy in Contemporary Capitalism Alain Parguez9. Fiscal Policy, Government Intervention and Endogenous Money: Are Chartalist and Circuitist Theories Complementary?Corinne Pastoret10. Monetary Policy, Labour Market Institutions and US Macroeconomic Performance During the 1990s Mark SetterfieldPART III: REGIONAL AND INTERNATIONAL ISSUES 11. A Fully Coherent Post-Keynesian Model of Currency BoardsMarc Lavoie12. The Post-Keynesian Case for No Exchange RatesBasil J. Moore13. EMU and EU Enlargement: Lessons and PerspectivesSergio RossiIndex

Edited by Claude Gnos, Senior Research Associate, Centre for Monetary and Financial Studies, University of Burgundy, Dijon, France and the International Economic Policy Institute, Laurentian University, Canada 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

• Contents: Introduction Claude Gnos and Louis-Philippe RochonPART I: MONETARY POLICY1. Interest Rates and the Real EconomyPhilip Arestis and Malcolm Sawyer2. Banking Behaviour and the Brazilian Economy After the End of the Real Plan: A Post-Keynesian ApproachLuiz Fernando De Paula and Antonio J. Alves, Jr3. Is There an Active Role for Monetary Policy in the Endogenous Money Approach?Giuseppe Fontana and Alfonso Palacio-Vera4. The Post-Keynesian Consensus, the New Consensus and Endogenous MoneyVirginie Monvoisin and Louis-Philippe Rochon5. A Post-Keynesian Framework for Monetary Policy: Why Interest Rate Operating Procedures Are Not Enough Thomas I. PalleyPART II: FISCAL POLICY AND EFFECTIVE DEMAND6. What a Long, Strange Trip It’s Been: Can We Muddle Through Without Fiscal Policy?Stephanie Kelton and L. Randall Wray7. Views on Long-term Investment and Finance: Keynes’s Heterodoxy Co-OptedOmar F. Hamouda8. The Absolute Paradox of Economic Policy in Contemporary Capitalism Alain Parguez9. Fiscal Policy, Government Intervention and Endogenous Money: Are Chartalist and Circuitist Theories Complementary?Corinne Pastoret10. Monetary Policy, Labour Market Institutions and US Macroeconomic Performance During the 1990s Mark SetterfieldPART III: REGIONAL AND INTERNATIONAL ISSUES 11. A Fully Coherent Post-Keynesian Model of Currency BoardsMarc Lavoie12. The Post-Keynesian Case for No Exchange RatesBasil J. Moore13. EMU and EU Enlargement: Lessons and PerspectivesSergio RossiIndex