Credit, money and macroeconomic policy
Subtitle: a post-Keynesian approach
By: edited by Claude Gnos and Louis-Philippe Rochon
Series: New directions in modern economics; New directions in modern economics
Publisher: Edward Elgar
Published: 2011
Place of publication: Cheltenham, UK; Northampton, Mass
Language: eng
Number of pages: 350
ISBN-13: 9781848440678
Subjects: Macroeconomics; Credit; Monetary policy; Keynesian economics
Notes: Includes bibliographical references and index.
Table of contents: title: Introduction / Claude Gnos and Louis-Philippe Rochon; title: PART I: ENDOGENOUS MONEY AND FINANCIAL CRISIS: 1. A Minsky Moment? The Subprime Crisis and the {u2018}New{u2019} Capitalism / Riccardo Bellofiore and Joseph Halevi; title: 2. Lessons from the 1929 Crash and the 1930s Debt Deflation: What Bernanke and King Learned, and What They Could Have Learned / Robert W. Dimand; title: 3. The Collapse of Securitization: From Subprimes to Global Credit Crunch / Robert Guttmann; title: PART II: MONETARY POLICY AND POLICY RULES: 4. From Monetary to Fiscal Policy Rule: A Matter of Adjustment or Choice? / Theodore T. Koutsobinas; title: 5. Money Creation, Employment and Economic Stability: The Monetary Theory of Unemployment and Inflation / Alain Parguez; title: 6. Monetary Policy Without Reserve Requirements: Central Bank Money as Means of Final Payment on the Interbank Market / Louis-Philippe Rochon and Sergio Rossi; title: 7. Post-Keynesian Interest Rate Rules and Macroeconomic Performance: A Comparative Evaluation / Louis-Philippe Rochon and Marc Setterfield; title: PART III: MONETARY POLICY UNDER THE BASEL II ACCORD: 8. Basel II: A New Regulatory Framework for Global Banking / Robert Guttmann; title: 9. The Basel II Influence on the Money Supply Process: A Comparative Analysis of the Eurozone and the United States / Stelios Karagiannis, Yannis Panagopoulos and Aristotelis Spiliotis; title: 10. Implications of Basel II for National Development Banks / Rogério Sobreira and Patricia Zendron; title: PART IV: INFLATION TARGETING, NEW CONSENSUS MACROECONOMICS AND MACROECONOMIC POLICY: 11. Inflation Targeting Drawbacks in the Absence of a {u2018}Natural{u2019} Anchor: A Keynesian Appraisal of the Fed and ECB Policies from 1999 to 2006 / Angel Asensio; title: 12. Fiscal Policy in the Macroeconomic Policy Mix: A Critique of the New Consensus Model and a Comparison of Macroeconomic Policies in France, Germany, the UK and Sweden from a Post-Keynesian Perspective / Eckhard Hein and Achim Truger; title: 13. Re-thinking Macroeconomic Policies / Malcolm Sawyer; title: 14. Turkish Monetary Policy in a Post-Crises Era: A Further Case of {u2018}New Consensus{u2019}? / Ulas Sener; title: 15. Instability and Uncertainty in Cognitive Capitalism / Andrea Fumagalli and Stefano Lucarelli; title: Index.