Modern Guide to Keynesian Macroeconomics and Economic Policies

Edited by Eckhard Hein, Professor of Economics, Institute for International Political Economy, Berlin School of Economics and Law, Germany and Engelbert Stockhammer, King's College London, UK

• Contents:IntroductionEckhard Hein and Engelbert Stockhammer1. History and Methods of Post-Keynesian EconomicsMarc Lavoie2. Money, Credit and Central Banks in Post-Keynesian EconomicsMarc Lavoie3. Growth and Income Distribution: A Post-Keynesian PerspectiveAmitava Krishna Dutt4. Keynesian Economics and the New Consensus in MacroeconomicsPhilip Arestis5. A Post-Keynesian Macroeconomic Model of Inflation, Distribution and EmploymentEckhard Hein and Engelbert Stockhammer6. The Macroeconomics of UnemploymentEngelbert Stockhammer7. Institutions, Aggregate Demand and Cross-Country Employment Performance: Alternative Theoretical Perspectives and the EvidenceDavid R. Howell8. European Economic and Monetary Union Policies from a Keynesian PerspectivePhilip Arestis9. Open Economy Models of Distribution and GrowthRobert A. Blecker10. Globalisation, Macroeconomic Performance and DistributionÖzlem Onaran11. International Monetary and Financial ArchitectureHansjörg Herr12. ‘Financialisation’, Distribution and GrowthEckhard Hein13. Keynesian Approaches to Financial CrisisGary A. DymskiIndex

’For more than a decade, most macroeconomists convinced themselves they were witnessing a "Great Moderation". Many Keynesians saw instead the accumulation of a fragility and potential instability that have become dramatically manifest since 2007. The premise of this book is that the financial crisis and Great Recession necessitate a revival of Keynesian macroeconomics, emphasizing the central roles of effective demand, money and finance in modern capitalism. Comprising essays on all aspects of macroeconomic theory and policy, the book will prove invaluable for scholars and graduate students seeking to acquaint themselves with the frontiers of modern Keynesian macroeconomics.’