Aspects of Modern Monetary and Macroeconomic Policies
- Philip Arestis() (University of Cambridge, United Kingdom)Eckhard Hein() (Berlin School of Economics and Law, Germany)Edwin Le Heron() (Association pour le Développement des Etudes Keynésiennes, France)
AbstractOver the last 30 years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. In this book a number of questions relating to this new monetary and macroeconomic policy approach are raised. NCM is compared to post-Keynesian alternatives on a theoretical level and the consequences of NCM for economic policy outcomes and macroeconomic performance are discussed. Finally, the book covers some empirical studies on recent monetary and macroeconomic policies in the Euro area, Germany and the UK.
- Philip Arestis & Eckhard Hein & Edwin Le Heron (ed.), 2007. "Aspects of Modern Monetary and Macroeconomic Policies," Conference proceedings of the Research Network Macroeconomics and Macroeconomic Policies (FMM), IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 9b-2007, January.Handle: RePEc:imk:fmmcps:9b-2007
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- Eckhard Hein & Daniel Detzer, 2015.
"Finance-Dominated Capitalism and Income Distribution: A Kaleckian Perspective on the Case of Germany,"
Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti,
Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 1(2), pages 171-191, July.
- Hein, Eckhard & Detzer, Daniel, 2014. "Finance-dominated capitalism and income distribution: A Kaleckian perspective on the case of Germany," IPE Working Papers 42/2014, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
- Eckhard Hein & Daniel Detzer, 2014. "Finance-dominated capitalism and income distribution: a Kaleckian perspective on the case of Germany," Working papers wpaper62, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
- Engelbert Stockhammer & Eckhard Hein & Lucas Grafl, 2011.
"Globalization and the effects of changes in functional income distribution on aggregate demand in Germany,"
International Review of Applied Economics,
Taylor & Francis Journals, vol. 25(1), pages 1-23.
- Engelbert Stockhammer & Eckhard Hein & Lucas Grafl, 2007. "Globalization and the effects of changes in functional income distribution on aggregate demand in Germany," Department of Economics Working Papers wuwp114, Vienna University of Economics and Business, Department of Economics.
- Stockhammer, Engelbert & Hein, Eckhard & Grafl, Lucas, 2007. "Globalization and the effects of changes in functional income distribution on aggregate demand in Germany," Department of Economics Working Paper Series 1104, WU Vienna University of Economics and Business.
- van Treeck, Till. & Sturn, Simon., 2012. "Income inequality as a cause of the Great Recession? : A survey of current debates," ILO Working Papers 994709343402676, International Labour Organization.
- Eicker-Wolf, Kai. & Truger, Achim., 2014. "Demystifying a "shining example" : German public finances under the debt brake," ILO Working Papers 994845193402676, International Labour Organization.
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