Details about Louis-Philippe Rochon

Homepage:	https://macroeconomist.wixsite.com/lprochon
Postal address:	Department of Economics Laurentian University Sudbury, Ontario CANADA P3E 2C6
Workplace:	Département d'Économie (Economics Department), Université Laurentienne (Laurentian University), (more information at EDIRC)

Access statistics for papers by Louis-Philippe Rochon.

Last updated 2025-05-15. Update your information in the RePEc Author Service.

Short-id: pro341

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Working Papers

2024

1. Central Banking, Monetary Policy and Gender
   Post-Print, HAL
2. Central Banking, Monetary Policy and Gender: new frontiers
   Post-Print, HAL
3. The reflux phase in monetary circuit theory and stock–flow consistent models
   Post-Print, HAL

2023

4. Monetary policy and social responsibility
   Post-Print, HAL
5. Negative interest rate policy
   Post-Print, HAL
6. Toward a Progressive Central Banker: Rogoff’s Model Revisited
   Post-Print, HAL

2022

7. A Tribute to Alain Parguez 1940–2022
   Post-Print, HAL
   See also Journal Article A Tribute to Alain Parguez 1940–2022, Review of Political Economy, Taylor & Francis Journals (2022) (2022)
8. Central Banking, Monetary Policy and Social Responsibility
   Post-Print, HAL View citations (1)
9. Central Banking, Monetary Policy and the Environment
   Post-Print, HAL View citations (2)
10. Central Banking, Monetary Policy and the Future of Money
    Post-Print, HAL View citations (1)
11. Development Economics: Aptly or Wrongly Named?
    Post-Print, HAL
12. Masters of the game: the power and social responsibility of central banks and central bankers in a democracy
    Post-Print, HAL
    See also Chapter Masters of the game: the power and social responsibility of central banks and central bankers in a democracy, Chapters, Edward Elgar Publishing (2022) (2022)
13. The Future of Central Banking
    Post-Print, HAL
14. The institutions of the people, by the people and for the people? Addressing central banks’ power and social responsibility in a democracy
    Post-Print, HAL
    See also Journal Article The institutions of the people, by the people and for the people? Addressing central banks' power and social responsibility in a democracy, PSL Quarterly Review, Economia civile (2022) View citations (2) (2022)

2021

15. Le remboursement des crédits bancaires passés dans les modèles SFC
    Working Papers, HAL

2020

16. Monetary Policy and Structural Change
    Post-Print, HAL
17. Monetary policy and structural change: an introduction
    Post-Print, HAL

2019

18. Economía del Ave María: el modelo teórico detrás de las políticas monetarias no convencionales
    Post-Print, HAL View citations (1)
19. Monetary policy and negative interest rates
    Post-Print, HAL
20. The economics of negative interest rates
    Post-Print, HAL View citations (12)
    See also Journal Article The economics of negative interest rates, Review of Keynesian Economics, Edward Elgar Publishing (2019) View citations (10) (2019)

2016

21. Le revenu annuel garanti: une fausse bonne idée ?
    Post-Print, HAL

2014

22. Growth and money in Post Keynesian models
    Post-Print, HAL
    See also Journal Article Growth and money in Post Keynesian models, Journal of Post Keynesian Economics, Taylor & Francis Journals (2012) (2012)

2011

23. Credit, Money and Macroeconomic Policy. A Post Keynesian Approach
    Post-Print, HAL View citations (15)

2010

24. South America and new financial architecture
    Post-Print, HAL View citations (2)
    See also Journal Article South America and a new financial architecture, Journal of Post Keynesian Economics, Taylor & Francis Journals (2009) View citations (1) (2009)

2008

25. The Keynesian Multiplier
    Post-Print, HAL View citations (13)

2007

26. The New Consensus and Post-Keynesian Interest Rate Policy
    Post-Print, HAL View citations (8)
    See also Journal Article The New Consensus and Post-Keynesian Interest Rate Policy, Review of Political Economy, Taylor & Francis Journals (2007) View citations (10) (2007)

2006

27. Post-Keynesian Principles of Economic Policy
    Post-Print, HAL View citations (29)
28. The impact of multinational banking on domestic banking
    Post-Print, HAL
    See also Chapter The Impact of Multinational Banking on Domestic Banking, Palgrave Macmillan Books, Palgrave Macmillan (2006) (2006)

2004

29. Money creation and the state: A critical assessment ofchartalism
    Post-Print, HAL View citations (2)
    See also Journal Article Money Creation and the State: A Critical Assessment of Chartalism, International Journal of Political Economy, Taylor & Francis Journals (2002) View citations (5) (2002)
30. Reforming the international financial and monetary system: from Keynes to Davidson and Stiglitz
    Post-Print, HAL View citations (2)
    See also Journal Article Reforming the international financial and monetary system: from Keynes to Davidson and Stiglitz, Journal of Post Keynesian Economics, Taylor & Francis Journals (2004) View citations (4) (2004)
31. The Washington consensus and multinational banking in Latin America
    Post-Print, HAL View citations (1)
    See also Journal Article The Washington consensus and multinational banking in Latin America, Journal of Post Keynesian Economics, Taylor & Francis Journals (2004) View citations (4) (2004)
32. What is next for the Washington consensus? The fifteenth anniversary, 1989-2004
    Post-Print, HAL
    See also Journal Article What is next for the Washington consensus? The fifteenth anniversary, 1989-2004, Journal of Post Keynesian Economics, Taylor & Francis Journals (2004) View citations (1) (2004)

2003

33. Joan Robinson and Keynes: finance, relative prices and the monetary circuit
    Post-Print, HAL View citations (6)
    See also Journal Article Joan Robinson and Keynes: finance, relative prices and the monetary circuit, Review of Political Economy, Taylor & Francis Journals (2003) View citations (6) (2003)

Journal Articles

2025

1. The Euro-Area Crisis and the Monetary Policy Response of the ECB: A Critical Investigation and Some Reform Proposals
   Forum for Social Economics, 2025, 54, (1), 16-28

2024

2. Conflict Inflation: A Symposium
   Review of Political Economy, 2024, 36, (4), 1299-1301
3. Monetary Policy and Income Distribution: A Symposium
   Review of Political Economy, 2024, 36, (3), 887-891
4. Monetary Policy and Income Distribution: The Post-Keynesian and Sraffian Perspectives
   Review of Political Economy, 2024, 36, (3), 892-918
5. Sellers' Inflation and Distributive Conflict: Lessons from the Post-COVID Recovery
   Review of Political Economy, 2024, 36, (4), 1331-1350
6. The reflux phase in monetary circuit theory and stock–flow consistent models
   European Journal of Economics and Economic Policies: Intervention, 2024, 21, (3), 486-501

2023

7. Introduction to Post-Keynesian Economics: New Foundations by Marc Lavoie
   Review of Political Economy, 2023, 35, (4), 1021-1024
8. On the Theoretical and Institutional Roots of Post-Keynesian Economics
   Review of Political Economy, 2023, 35, (1), 6-27
9. Post-Keynesian Economics: New Foundations, by Marc Lavoie Chapter 4: Credit, Money and Central Banks
   Review of Political Economy, 2023, 35, (4), 1051-1060
10. Review of Political Economy at 35
    Review of Political Economy, 2023, 35, (1), 1-5 View citations (1)
11. The Legacy of Alain Parguez and his Ongoing Research Agenda: Capitalism, the Financial Circuit and the State
    International Journal of Political Economy, 2023, 52, (3-4), 270-281

2022

12. A Tribute to Alain Parguez 1940–2022
    Review of Political Economy, 2022, 34, (3), 604-611
    See also Working Paper A Tribute to Alain Parguez 1940–2022, Post-Print (2022) (2022)
13. Eight lessons for teaching macroeconomic policy after COVID-19: a heterodox perspective
    Advances in Economics Education, 2022, 1, (1), 30-47
14. The institutions of the people, by the people and for the people? Addressing central banks' power and social responsibility in a democracy
    PSL Quarterly Review, 2022, 75, (301), 83-102 View citations (2)
    See also Working Paper The institutions of the people, by the people and for the people? Addressing central banks’ power and social responsibility in a democracy, Post-Print (2022) (2022)
15. Understanding Central Bank Independence
    International Journal of Political Economy, 2022, 51, (4), 346-373
16. Understanding Full Investment and the Potential Role of Public Banks
    Review of Political Economy, 2022, 34, (2), 340-355 View citations (1)

2021

17. A Primer on Monetary Policy and Income Distribution: A Heterodox Perspective
    Ensayos Económicos, 2021, 1, (76), 5-25
18. A Word from the Editor
    Review of Political Economy, 2021, 33, (2), 167-169
19. What Have We Yet to Learn From the COVID-19 Crisis?
    Review of Political Economy, 2021, 33, (3), 373-376

2020

20. Introduction: Kalecki and Kaleckian Economics
    Review of Political Economy, 2020, 32, (4), 487-491
21. The economics of Basil Moore: slow progress toward horizontalism
    European Journal of Economics and Economic Policies: Intervention, 2020, 17, (3), 313-324
22. What Have We Learned from the COVID-19 Crisis? Domestic and International Dimensions and Policy Options for a Post-Coronavirus World: Introduction
    International Journal of Political Economy, 2020, 49, (4), 261-264

2019

23. Public Banking and Post-Keynesian Economic Theory
    International Journal of Political Economy, 2019, 48, (1), 60-75 View citations (3)
24. The economics of negative interest rates
    Review of Keynesian Economics, 2019, 7, (2), 135-136 View citations (10)
    See also Working Paper The economics of negative interest rates, Post-Print (2019) View citations (12) (2019)

2018

25. Obituary: Basil John Moore (1933–2018)
    European Journal of Economics and Economic Policies: Intervention, 2018, 15, (2), 119-120
26. The relationship between inflation and unemployment: a critique of Friedman and Phelps
    Review of Keynesian Economics, 2018, 6, (4), 533-544 View citations (2)

2016

27. Interview with Edward J. Nell: ‘A great deal of neoclassical theory is set in cloud-cuckoo-land’
    European Journal of Economics and Economic Policies: Intervention, 2016, 13, (1), 1-9
28. The relevance of Keynes's General Theory after 80 years
    Review of Keynesian Economics, 2016, 4, (1), 1-3

2015

29. Transformations of entrepreneurial capitalism, crises and the need for a radical change in economic policy
    Review of Keynesian Economics, 2015, 3, (2), 181-193

2013

30. Circuit with Multi-period Credit
    Review of Political Economy, 2013, 25, (3), 461-475 View citations (2)
31. Endogenous money: the evolutionary versus revolutionary views
    Review of Keynesian Economics, 2013, 1, (2), 210-229 View citations (16)

2012

32. A Kaleckian model of growth and distribution with conflict-inflation and Post Keynesian nominal interest rate rules
    Journal of Post Keynesian Economics, 2012, 34, (3), 497-520 View citations (13)
33. Engagement with the Mainstream in the Future of Post Keynesian Economics
    Review of Political Economy, 2012, 24, (3), 503-518 View citations (4)
34. Financialization and the theory of the monetary circuit: fiscal and monetary policies reconsidered
    Journal of Post Keynesian Economics, 2012, 35, (2), 167-169
35. Foreword: Implementing a new curriculum for economics education after the crisis: a call for action
    International Journal of Pluralism and Economics Education, 2012, 3, (3), 225-239
36. Growth and money in Post Keynesian models
    Journal of Post Keynesian Economics, 2012, 34, (3), 387-392
    See also Working Paper Growth and money in Post Keynesian models, Post-Print (2014) (2014)
37. Monetary policy before and after the crisis: what should we be teaching undergraduates?
    International Journal of Pluralism and Economics Education, 2012, 3, (3), 333-348
38. Statement of the Co-Editors. Economics and the economic crisis: the case for change
    Review of Keynesian Economics, 2012, 1, (1), 1-4 View citations (2)

2010

39. Has "It" Happened Again?
    International Journal of Political Economy, 2010, 39, (2), 5-9 View citations (9)
40. The 2007-2009 Economic and Financial Crisis: An Analysis in Terms of Monetary Circuits
    European Journal of Economic and Social Systems, 2010, 23, (1), 7-23
41. The Monetary Policy of the Federal Reserve: A History
    Eastern Economic Journal, 2010, 36, (4), 541-542

2009

42. Financing economic development in Latin America: the Banco del Sur
    Journal of Post Keynesian Economics, 2009, 32, (2), 185-198 View citations (2)
43. Keynes and the real world: Davidson, money, and uncertainty
    Journal of Post Keynesian Economics, 2009, 32, (1), 43-58
44. South America and a new financial architecture
    Journal of Post Keynesian Economics, 2009, 32, (2), 155-162 View citations (1)
    See also Working Paper South America and new financial architecture, Post-Print (2010) View citations (2) (2010)

2008

45. The Political Economy of Interest-Rate Setting, Inflation, and Income Distribution
    International Journal of Political Economy, 2008, 37, (2), 5-25 View citations (16)

2007

46. Central Banking and Post-Keynesian Economics
    Review of Political Economy, 2007, 19, (4), 539-554 View citations (5)
47. Economic Power and the Real World: A Post-Keynesian Analysis of Power
    International Journal of Political Economy, 2007, 35, (4), 5-30
    Also in International Journal of Political Economy, 2006, 35, (4), 5-30 (2006) View citations (1)
48. Interest rates, income distribution, and monetary policy dominance: Post Keynesians and the "fair rate" of interest
    Journal of Post Keynesian Economics, 2007, 30, (1), 13-42 View citations (54)
49. The New Consensus and Post-Keynesian Interest Rate Policy
    Review of Political Economy, 2007, 19, (3), 369-386 View citations (10)
    See also Working Paper The New Consensus and Post-Keynesian Interest Rate Policy, Post-Print (2007) View citations (8) (2007)
50. The state of Post Keynesian interest rate policy: where are we and where are we going?
    Journal of Post Keynesian Economics, 2007, 30, (1), 3-11 View citations (9)

2006

51. Inflation targeting, economic performance, and income distribution: a monetary macroeconomics analysis
    Journal of Post Keynesian Economics, 2006, 28, (4), 615-638 View citations (11)
52. The more things change... inflation targeting and central bank policy
    Journal of Post Keynesian Economics, 2006, 28, (4), 551-558 View citations (3)

2004

53. Reforming the international financial and monetary system: from Keynes to Davidson and Stiglitz
    Journal of Post Keynesian Economics, 2004, 26, (4), 613-629 View citations (4)
    See also Working Paper Reforming the international financial and monetary system: from Keynes to Davidson and Stiglitz, Post-Print (2004) View citations (2) (2004)
54. Smooth sailing or rough waters ahead: a symposium on reforming the international financial architecture
    Journal of Post Keynesian Economics, 2004, 26, (4), 551-555
55. The Washington consensus and multinational banking in Latin America
    Journal of Post Keynesian Economics, 2004, 27, (2), 315-331 View citations (4)
    See also Working Paper The Washington consensus and multinational banking in Latin America, Post-Print (2004) View citations (1) (2004)
56. What is next for the Washington consensus? The fifteenth anniversary, 1989-2004
    Journal of Post Keynesian Economics, 2004, 27, (2), 187-193 View citations (1)
    See also Working Paper What is next for the Washington consensus? The fifteenth anniversary, 1989-2004, Post-Print (2004) (2004)

2003

57. Dollarization Out, Euroization In
    International Journal of Political Economy, 2003, 33, (1), 21-41 View citations (2)
58. Joan Robinson and Keynes: finance, relative prices and the monetary circuit
    Review of Political Economy, 2003, 15, (4), 483-491 View citations (6)
    See also Working Paper Joan Robinson and Keynes: finance, relative prices and the monetary circuit, Post-Print (2003) View citations (6) (2003)
59. State money and the real world: or chartalism and its discontents
    Journal of Post Keynesian Economics, 2003, 26, (1), 57-67 View citations (15)

2002

60. Money Creation and the State: A Critical Assessment of Chartalism
    International Journal of Political Economy, 2002, 32, (3), 41-57 View citations (5)
    See also Working Paper Money creation and the state: A critical assessment ofchartalism, Post-Print (2004) View citations (2) (2004)

2001

61. Cambridge's Contribution to Endogenous Money: Robinson and Kahn on credit and money
    Review of Political Economy, 2001, 13, (3), 287-307 View citations (14)
62. Kaldor and Robinson on money and growth
    The European Journal of the History of Economic Thought, 2001, 8, (1), 75-103 View citations (14)

2000

63. 1939–1958: Was Kaldor an Endogenist?
    Metroeconomica, 2000, 51, (2), 191-220 View citations (3)
64. Exchange Rate Regimes and Capital Controls
    Challenge, 2000, 43, (6), 76-92 View citations (3)
65. The Creation and Circulation of Endogenous Money: A Reply to Pressman
    Journal of Economic Issues, 2000, 34, (4), 973-979

1999

66. The Creation and Circulation of Endogenous Money: A Circuit Dynamique Approach
    Journal of Economic Issues, 1999, 33, (1), 1-21 View citations (14)

1997

67. Keynes's Finance Motive: a re-assessment. Credit, liquidity preference and the rate of interest
    Review of Political Economy, 1997, 9, (3), 277-293 View citations (9)

Books

1999

1. Credit, Money and Production
   Books, Edward Elgar Publishing View citations (79)

Edited books

2025

1. Central Banking, Monetary Policy and Financial In/Stability
   Books, Edward Elgar Publishing

2024

2. Central Banking, Monetary Policy and Gender
   Books, Edward Elgar Publishing
3. Money and Production
   Books, Edward Elgar Publishing

2023

4. Central Banking, Monetary Policy and Income Distribution
   Books, Edward Elgar Publishing View citations (1)
5. Monetary Policy Challenges in Latin America
   Books, Edward Elgar Publishing

2022

6. A Brief History of Economic Thought
   Books, Edward Elgar Publishing
7. Central Banking, Monetary Policy and Social Responsibility
   Books, Edward Elgar Publishing View citations (3)
8. Central Banking, Monetary Policy and the Environment
   Books, Edward Elgar Publishing View citations (2)
9. Central Banking, Monetary Policy and the Future of Money
   Books, Edward Elgar Publishing View citations (2)
10. The Future of Central Banking
    Books, Edward Elgar Publishing

2021

11. Capital Movements and Corporate Dominance in Latin America
    Books, Edward Elgar Publishing

2020

12. Aggregate Demand and Employment
    Books, Edward Elgar Publishing View citations (1)

2017

13. A Modern Guide to Rethinking Economics
    Books, Edward Elgar Publishing View citations (5)
14. Advances in Endogenous Money Analysis
    Books, Edward Elgar Publishing View citations (17)

2016

15. An Introduction to Macroeconomics
    Books, Edward Elgar Publishing View citations (6)

2015

16. The Encyclopedia of Central Banking
    Books, Edward Elgar Publishing View citations (12)

2013

17. Monetary Economies of Production
    Books, Edward Elgar Publishing View citations (3)

2012

18. Employment, Growth and Development
    Books, Edward Elgar Publishing View citations (11)
19. Monetary Policy and Central Banking
    Books, Edward Elgar Publishing View citations (13)

2011

20. Credit, Money and Macroeconomic Policy
    Books, Edward Elgar Publishing View citations (27)

2009

21. Monetary Policy and Financial Stability
    Books, Edward Elgar Publishing View citations (1)

2006

22. Monetary and Exchange Rate Systems
    Books, Edward Elgar Publishing View citations (11)
23. Post-Keynesian Principles of Economic Policy
    Books, Edward Elgar Publishing View citations (24)

2003

24. Modern Theories of Money
    Books, Edward Elgar Publishing View citations (51)

2000

25. Credit, Interest Rates and the Open Economy
    Books, Edward Elgar Publishing View citations (1)

Undated

26. Post-Keynesian Economics, vol Three volume set
    Books, Edward Elgar Publishing

Chapters

2024

1. Credit, money, and production: post-Keynesian1 economics and the circuit traditions
   Chapter 3 in Post Keynesian Economics, 2024, pp 29-47
2. How not to do monetary policy
   Chapter 9 in Post-Keynesian Economics for the Future, 2024, pp 140-151

2023

3. A primer on monetary policy and its effect on income distribution: a heterodox perspective
   Chapter 1 in Central Banking, Monetary Policy and Income Distribution, 2023, pp 20-34 View citations (1)

2022

4. Masters of the game: the power and social responsibility of central banks and central bankers in a democracy
   Chapter 7 in Central Banking, Monetary Policy and Social Responsibility, 2022, pp 136-158
   See also Working Paper Masters of the game: the power and social responsibility of central banks and central bankers in a democracy, HAL (2022) (2022)
5. The Post-Keynesian School
   Chapter 14 in A Brief History of Economic Thought, 2022, pp 246-272
6. The general ineffectiveness of monetary policy or the weaponization of inflation
   Chapter 1 in The Future of Central Banking, 2022, pp 20-36

2017

7. Rethinking monetary policy
   Chapter 11 in A Modern Guide to Rethinking Economics, 2017, pp 199-216

2013

8. Alain Parguez’s contribution to political economy
   Chapter 1 in Monetary Economies of Production, 2013, pp 1-8

2012

9. Money’s Endogeneity, Keynes’s General Theory and Beyond
   Chapter 13 in Keynes’s General Theory, 2012

2011

10. Monetary Policy Without Reserve Requirements: Central Bank Money as Means of Final Payment on the Interbank Market
    Chapter 6 in Credit, Money and Macroeconomic Policy, 2011 View citations (1)
11. Post-Keynesian Interest Rate Rules and Macroeconomic Performance: A Comparative Evaluation
    Chapter 7 in Credit, Money and Macroeconomic Policy, 2011 View citations (2)

2009

12. Central Bank Governance, the Euthanasia of the Rentier and Interest Rate Policy: A Note on post-Keynesian Monetary Policy after Taylor
    Chapter 3 in Monetary Policy and Financial Stability, 2009, pp 48-67
13. The Existence of Profits within the Monetary Circuit: Some Unanswered Questions Revisited
    Palgrave Macmillan View citations (2)

2006

14. Crisis Avoidance: The Post-Washington Consensus Agenda
    Chapter 6 in Monetary and Exchange Rate Systems, 2006, pp 106-124
15. Endogenous Money, Central Banks and the Banking System: Basil Moore and the Supply of Credit
    Chapter 9 in Complexity, Endogenous Money and Macroeconomic Theory, 2006 View citations (5)
16. The Impact of Multinational Banking on Domestic Banking
    Palgrave Macmillan
    See also Working Paper The impact of multinational banking on domestic banking, HAL (2006) (2006)

2005

17. The Existence of Monetary Profits within the Monetary Circuit
    Palgrave Macmillan View citations (14)

2004

18. Central Banking in the Monetary Circuit
    Chapter 8 in Central Banking in the Modern World, 2004, pp 144-163

2003

19. On Money and Endogenous Money: Post Keynesian and Circulation Approaches
    Chapter 7 in Modern Theories of Money, 2003, pp 115-141

2000

20. Horizontalism and New Keynesian Economics: The Role of Scarcity, Savings and Sticky Prices
    Chapter 5 in Credit, Interest Rates and the Open Economy, 2000, pp 120-140
21. Horizontalism: Setting the Record Straight
    Chapter 2 in Credit, Interest Rates and the Open Economy, 2000, pp 31-66

Editor

1. Review of Keynesian Economics
   Edward Elgar Publishing
2. Review of Political Economy
   Taylor & Francis Journals