Economic theory and policy: a coherent post-Keynesian approach

Artikel

This contribution focuses on a coherent new way of thinking about the macroeconomy in terms of both economic theory and economic policies. The central bank should focus on financial stability; for fiscal policy in the short term and in the long term to address demand issues is very important. Interest rate policy should be such that the real rate of interest is in line with trend rate of growth in the economy. Fiscal and monetary policies, though, should be coordinated closely. Major central bank cooperation and intervention in the foreign exchange market is necessary to control the exchange rate. Regional and industrial policies to create the required capacity are important, along with incomes policies, to contain inflationary/deflationary pressures. Distribution of income and wealth is another important policy dimension in view of its importance in terms of the great recession.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 10 ; Year: 2013 ; Issue: 2 ; Pages: 243-255

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Distribution: General ; General Aggregative Models: Keynes; Keynesian; Post-Keynesian ; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems ; Interest Rates: Determination, Term Structure, and Effects ; Financial Markets and the Macroeconomy ; Incomes Policy; Price Policy
• Thema: economic theory ; economic policies ; post-Keynesian economics

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Arestis, Philip
• Ereignis: Veröffentlichung
• (wer): Edward Elgar Publishing
• (wo): Cheltenham
• (wann): 2013

Weitere Informationen

• DOI: doi:10.4337/ejeep.2013.02.08
• Handle: http://hdl.handle.net/10419/277272
• Letzte Aktualisierung: 20.09.2024, 08:21 MESZ