Credit, money and macroeconomic policy: a post-Keynesian approach/
edited by Claude Gnos and Louis-Philippe Rochon.
- Cheltenham, UK ; Northampton, Mass. : Edward Elgar, c2011.
- xii, 350 p. : ill. ; 24 cm.
Includes bibliographical references and index.
Introduction / Claude Gnos and Louis-Philippe Rochon -- PART I: ENDOGENOUS MONEY AND FINANCIAL CRISIS: 1. A Minsky Moment? The Subprime Crisis and the New Capitalism / Riccardo Bellofiore and Joseph Halevi -- 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 -- 3. The Collapse of Securitization: From Subprimes to Global Credit Crunch / Robert Guttmann -- PART II: MONETARY POLICY AND POLICY RULES: 4. From Monetary to Fiscal Policy Rule: A Matter of Adjustment or Choice? / Theodore T. Koutsobinas -- 5. Money Creation, Employment and Economic Stability: The Monetary Theory of Unemployment and Inflation / Alain Parguez -- 6. Monetary Policy Without Reserve Requirements: Central Bank Money as Means of Final Payment on the Interbank Market / Louis-Philippe Rochon and Sergio Rossi -- 7. Post-Keynesian Interest Rate Rules and Macroeconomic Performance: A Comparative Evaluation / Louis-Philippe Rochon and Marc Setterfield -- PART III: MONETARY POLICY UNDER THE BASEL II ACCORD: 8. Basel II: A New Regulatory Framework for Global Banking / Robert Guttmann -- 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 -- 10. Implications of Basel II for National Development Banks / Rogério Sobreira and Patricia Zendron -- PART IV: INFLATION TARGETING, NEW CONSENSUS MACROECONOMICS AND MACROECONOMIC POLICY: 11. Inflation Targeting Drawbacks in the Absence of a Natural Anchor: A Keynesian Appraisal of the Fed and ECB Policies from 1999 to 2006 / Angel Asensio -- 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 -- 13. Re-thinking Macroeconomic Policies / Malcolm Sawyer -- 14. Turkish Monetary Policy in a Post-Crises Era: A Further Case of New Consensus? / Ulas Sener -- 15. Instability and Uncertainty in Cognitive Capitalism / Andrea Fumagalli and Stefano Lucarelli -- Index.