Guillaume Vallet – författare

Providing a critical perspective on both central banking and monetary policy, this book examines policies that are used and should be used to prevent instability in the future. Using examples from global financial markets, chapters investigate real-world events that have triggered instability including pandemics and how they have led to a crisis for inflation. Adapting both Minsky’s analysis and the viewpoints of post-Keynesians, the book concludes that central banks should assess their existing approach to targeting inflation as a way of stabilising financial markets.

With a particular focus on financial regulations and supervision, this book will be an essential read for academics in the fields of political economy and post-Keynesian economics as well as central bank policy makers.

The authors examine the different instruments that can be used to control base interest rates, such as open market operations, reserve requirements and remuneration and rediscount operations. Chapters delve into 11 different case studies, which include monetary policy implementations in China, a reconstruction of the monetary policy framework in Argentina during COVID-19 and an overview of the instruments and procedures used by the European Central Bank. This comprehensive book also provides an overview of the various challenges that can arise in the process of implementing novel strategies.

Students and scholars of financial economics and regulation, political economy and money and banking will greatly benefit from this book. With its theoretical insights, it is also a crucial resource for academics in post-Keynesian economics, as well as practitioners in central banking and the financial press.

This book brings together a number of well-known post-Keynesian scholars who discuss the impact of monetary policy on both personal and functional distribution of income and even the gendered effect of monetary policy.

The impact of monetary policy (changes in interest rates) on income distribution is increasingly being recognized as a legitimate channel of monetary policy transmission. The study of this new channel – once the purview of post-Keynesian theory – is an important step in understanding the complicated and myriad effects of central bank policy. The chapters in this book raise a number of other questions about monetary policy that are still underdeveloped in the economic literature. This book is essential reading for students, scholars and policy makers interested in economic policy, monetary theory, income distribution and post-Keynesian economics.

The chapters in this book were originally published in the Review of Political Economy.

This book brings together a number of well-known post-Keynesian scholars who discuss the impact of monetary policy on both personal and functional distribution of income and even the gendered effect of monetary policy.

The impact of monetary policy (changes in interest rates) on income distribution is increasingly being recognized as a legitimate channel of monetary policy transmission. The study of this new channel – once the purview of post-Keynesian theory – is an important step in understanding the complicated and myriad effects of central bank policy. The chapters in this book raise a number of other questions about monetary policy that are still underdeveloped in the economic literature. This book is essential reading for students, scholars and policy makers interested in economic policy, monetary theory, income distribution and post-Keynesian economics.

The chapters in this book were originally published in the Review of Political Economy.

The original and international perspectives of the book make it possible to examine important issues or authors of the Progressive Era, who have at times been neglected or insufficiently discussed. This analysis allows us both to know more about this key period of the history of capitalism, and to consider contemporary debates regarding the treatment of inequalities with a pluralistic approach.

Academics and students of all levels, from PhD and Master degree students to undergrads will appreciate the original focus on the roots and treatments of inequalities, and this innovative collaboration between researchers of various fields in social sciences.

Contributors include: V. Babashkin, T. Briggs, B. Buarque de Hollanda, C. Castelain-Meunier, V. Chassagnon, R.W. Dimand, B. Dubrion, O. Goerg, F. Granda, O. Lakomski-Laguerre, C. Maumi, S. Meardon, A. Millmow, C. Morrisson, T. N''Diaye, A. Nikulin, J.N. Parker, S. Pressman, M. Rocca, C. Schrecker, F. Sember, R. Skidelsky, H. Tanaka, P. Thane, G. Vallet

The chapters present a multitude of theoretical views on this topic, from classical and Marxist views to mainstream and post-Keynesian approaches. They consider the democratic aspects of central banking, critically assess the distributional outcomes of inflation targeting regimes and explore policymaking implications.

Policy makers, academics and the financial press will appreciate the relevance of the material and state of the art discussions featured in Central Banking, Monetary Policy and Income Distribution.

The book examines not only the impact of changes in interest rates on the environment, but also the impact that the environment and climate change have on monetary policy. New green policies are proposed for central banks to implement as they move forward and navigate the pitfalls of climate change.

Scholars and students interested in central banking, monetary policy and the environment will appreciate this take on Central Banking, Monetary Policy and the Environment.

The book examines this relationship not only in connection to the economic, monetary and financial impact of the so-called ‘unconventional’ monetary policies, but also in connection to the functioning of today’s democracies. A new framework and model for central banking is proposed in this rethinking of monetary policy, and the role of central banks as institutions in democracies is considered.

Scholars and students interested in central banking and monetary policy, the issue of social responsibility and the relationship between central banks and democracy will benefit from the ideas presented by the editors and authors of Central Banking, Monetary Policy and Social Responsibility.

The book explores the complexity of the current monetary policy transmission channels and the issue of confidence in money. Scholars examine the specific relationship between central banking, monetary policy and the future of money, with a particular insight on digital and local currencies.

Scholars and students interested in central banking and monetary policy, the digitalization of money and the relationship between central banks and the growth of local currencies will value this timely take on the new realities of central banking.entral

Editors Louis-Philippe Rochon, Sylvio Kappes and Guillaume Vallet bring together internationally renowned scholars to present cutting-edge research. Chapters discuss the role of monetary policy in the gender pension gap; the impact of inflation reduction policies on female and male employment rates; the gender politics of comportment in central banking; the inner organisation of central banks and how financial crises can create systemic discrimination. Contributors advocate for looking beyond the traditional roles of central banks, encouraging scholars and practitioners to assess strategies and frameworks from alternative perspectives such as gender to highlight systemic inequalities and campaign for better, more equitable practices going forward.

Offering a novel approach to central banking and monetary policy, this book will be invaluable to academics, students and researchers in political economy, feminist economics, and public policy. Its practical and timely guidance will also be of interest to professionals working in the banking, economic and financial sectors.

Chapter authors explore emerging fields of central bank’s actions, discussing, for instance, how monetary policy can affect income distribution, how it has differentiated impacts according to gender, how it can help to deal with climate change, and how it can promote financial stability and structural change.

Policy makers, academics and the financial press will all benefit from the insight in The Future of Central Banking.