Monetary Policy in the Post Keynesian Theoretical Framework

Monetary Policy in the Post Keynesian Theoretical Framework

ABSTRACT The purpose of this contribution is to develop a Post Keynesian monetary policy model, presenting its goals, tools, and channels. The original contribution this paper develops, following (Keynes’s 1936, 1945) proposals, is the use of debt management as an instrument of monetary policy, along with the interest rate and regulation. Moreover, this paper draws its monetary policy model by broadly and strongly relying on Keynes’s original writings. A monetary policy model erected upon this basis relates itself directly to the Post Keynesian efforts to offer a monetary policy framework substantially different from the Inflation Targeting Regime of the New Macroeconomic Consensus.

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Main Authors: TERRA,FÁBIO HENRIQUE BITTES, ARESTIS,PHILIP
Format: Digital revista
Language:English
Published: Centro de Economia Política 2017
Online Access:http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000100045
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spelling oai:scielo:S0101-315720170001000452017-03-07Monetary Policy in the Post Keynesian Theoretical FrameworkTERRA,FÁBIO HENRIQUE BITTESARESTIS,PHILIP Keynesian Theory Monetary Policy Economic Policy Interest Rate Debt Management. ABSTRACT The purpose of this contribution is to develop a Post Keynesian monetary policy model, presenting its goals, tools, and channels. The original contribution this paper develops, following (Keynes’s 1936, 1945) proposals, is the use of debt management as an instrument of monetary policy, along with the interest rate and regulation. Moreover, this paper draws its monetary policy model by broadly and strongly relying on Keynes’s original writings. A monetary policy model erected upon this basis relates itself directly to the Post Keynesian efforts to offer a monetary policy framework substantially different from the Inflation Targeting Regime of the New Macroeconomic Consensus.info:eu-repo/semantics/openAccessCentro de Economia PolíticaBrazilian Journal of Political Economy v.37 n.1 20172017-03-01info:eu-repo/semantics/articletext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000100045en10.1590/0101-31572016v37n01a03
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country Brasil
countrycode BR
component Revista
access En linea
databasecode rev-scielo-br
tag revista
region America del Sur
libraryname SciELO
language English
format Digital
author TERRA,FÁBIO HENRIQUE BITTES
ARESTIS,PHILIP
spellingShingle TERRA,FÁBIO HENRIQUE BITTES
ARESTIS,PHILIP
Monetary Policy in the Post Keynesian Theoretical Framework
author_facet TERRA,FÁBIO HENRIQUE BITTES
ARESTIS,PHILIP
author_sort TERRA,FÁBIO HENRIQUE BITTES
title Monetary Policy in the Post Keynesian Theoretical Framework
title_short Monetary Policy in the Post Keynesian Theoretical Framework
title_full Monetary Policy in the Post Keynesian Theoretical Framework
title_fullStr Monetary Policy in the Post Keynesian Theoretical Framework
title_full_unstemmed Monetary Policy in the Post Keynesian Theoretical Framework
title_sort monetary policy in the post keynesian theoretical framework
description ABSTRACT The purpose of this contribution is to develop a Post Keynesian monetary policy model, presenting its goals, tools, and channels. The original contribution this paper develops, following (Keynes’s 1936, 1945) proposals, is the use of debt management as an instrument of monetary policy, along with the interest rate and regulation. Moreover, this paper draws its monetary policy model by broadly and strongly relying on Keynes’s original writings. A monetary policy model erected upon this basis relates itself directly to the Post Keynesian efforts to offer a monetary policy framework substantially different from the Inflation Targeting Regime of the New Macroeconomic Consensus.
publisher Centro de Economia Política
publishDate 2017
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572017000100045
work_keys_str_mv AT terrafabiohenriquebittes monetarypolicyinthepostkeynesiantheoreticalframework
AT arestisphilip monetarypolicyinthepostkeynesiantheoreticalframework
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