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.
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.
Edited by Eckhard Hein, The Institute for International Political Economy (IPE), Berlin School of Economics and Law, Germany and Engelbert Stockhammer, King's College London, UK
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 Krishna 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 R. Howell 8. European Economic and Monetary Union Policies from a Keynesian Perspective Philip Arestis 9. Open Economy Models of Distribution and Growth Robert A. Blecker 10. Globalisation, Macroeconomic Performance and Distribution OEzlem Onaran 11. International Monetary and Financial Architecture Hansjoerg Herr 12. `Financialisation', Distribution and Growth Eckhard Hein 13. Keynesian Approaches to Financial Crisis Gary A. Dymski Index