This unique and comprehensive 'modern guide' presents state-of-the-art surveys covering the main areas of macroeconomics and economic policy by well-known post-Keynesian authors. Erudite and accessible, the chapters explore intriguing and important issues including: * the history and methods of post-Keynesian economics * money, credit and central banks * growth and income distribution - post-Keynesian macroeconomics as an alternative to the New Consensus * the macroeconomics of unemployment and labour market issues * European economic policies * open economy models of distribution and growth * international monetary and global economics * financialisation and financial crisis. This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.
Contents: Introduction Eckhard Hein and Engelbert Stockhammer 1. History and Methods of Post-Keynesian Economics Marc Lavoie 2. Money, Credit and Central Banks in Post-Keynesian Economics Marc Lavoie 3. Growth and Income Distribution: A Post-Keynesian Perspective Amitava Dutt 4. Keynesian Economics and the New Consensus in Macroeconomics Philip Arestis 5. A Post-Keynesian Macroeconomic Model of Inflation, Distribution and Employment Eckhard Hein and Engelbert Stockhammer 6. The Macroeconomics of Unemployment Engelbert Stockhammer 7. Institutions, Aggregate Demand and Cross-Country Employment Performance: Alternative Theoretical Perspectives and the Evidence David Howell 8. European Economic and Monetary Union Policies from a Keynesian Perspective Philip Arestis 9. Open Economy Models of Distribution and Growth Robert Blecker 10. Globalisation, Macroeconomic Performance and Distribution A-zlem Onaran 11. International Monetary and Financial Architecture Hansjorg Herr 12. 'Financialisation', Distribution and Growth Eckhard Hein 13. Keynesian Approaches to Financial Crisis Gary Dymski
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