Kalecki’s Macroeconomics of Public Finance and of Monetary Policy

Julio G. López and Michaël Assous

Chapter 6 in Michal Kalecki, 2010, pp 129-151 from Palgrave Macmillan

Abstract: Abstract After many years of being considered a forbidden weapon by both governments and many economists and as a consequence of the depth of the current world financial crisis, public spending, and even deficit spending, has regained a place of honour in the arsenal of acceptable economic policy instruments. This new situation is hailed by publicists and pundits as a revival of Keynes and Keynesianism.

Keywords: Interest Rate; Monetary Policy; Government Expenditure; Public Spending; Budget Deficit (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-0-230-29395-3_6

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DOI: 10.1057/9780230293953_6

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