Monetary Policy and Financial Stability

Edited by Claude Gnos, Senior Research Associate, Centre for Monetary and Financial Studies, University of Burgundy, Dijon, France and the International Economic Policy Institute, Laurentian University, Canada and Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy, Editor-in-Chief, Challenge, Founding Editor Emeritus, Review of Keynesian Economics and Director, Monetary Policy Institute

• Contents:IntroductionClaude Gnos and Louis-Philippe RochonPART I: MONETARY AND MACROECONOMIC POLICY1. Wage Bargaining and Monetary Policy in a Kaleckian Monetary Distribution and Growth Model: Making Sense of the NAIRUEckhard Hein2. Price and Wage Determination and the Inflation Barrier: Moving Beyond the Phillips CurvePhilip Arestis and Malcolm Sawyer3. Central Bank Governance, the Euthanasia of the Rentier and Interest Rate Policy: A Note on Post-Keynesian Monetary Policy after Taylor Louis-Philippe Rochon4. The Macroeconomic Governance of the European Monetary Union: A Keynesian PerspectiveAngel Asensio5. Inflation Targeting and Monetary Policy Governance: The Case of the European Central BankSergio RossiPART II: MACROECONOMIC POLICY AND THE GLOBAL ECONOMY6. Enforcing the IMF in the Global Economy: An Institutional AnalysisJean-Pierre Allegret and Philippe Dulbecco7. Too Much Consensus Could Be Harmful: Assessing the Degree of Implementation of Stabilization and Structural Policies and their Impact on GrowthEric Berr, François Combarnous and Eric Rougier8. The Political Economy of Global Economic Disgovernance Luiz Carlos Bresser-Pereira9. Tobin, Globalization and Capital FlowsRobert W. Dimand10. The Impact of FDI on Capital Formation: The Case of Mexico Claudia Maya11. Financial Liberalization, Economic Growth and RentsDomenica Tropeano12. The Argentine Jefes Program: From a Post-Financial Crisis Emergency Safety Net to a Long-Run Policy Promoting DevelopmentCorinne PastoretIndex

'. . . the book gives a widespread representation of the state of post-Keynesian economics and is thus recommendable for all interested readers that look for such an overview.'