Towards a Spatial Keynesian Economics

William Mitchell and James Juniper

Chapter 11 in Advances in Monetary Policy and Macroeconomics, 2007, pp 192-211 from Palgrave Macmillan

Abstract: Abstract What would a Post Keynesian economist see as being the appropriate macroeconomic policy goals of the state? If we polled macroeconomists of all ideological persuasions, and asked them to outline the major macroeconomic policy objectives then the following consensus would probably emerge: (a) full employment; (b) price stability; (c) a robustly sustainable rate of economic growth; and (d) maintaining an equilibrium balance of payments. While these goals are so general that they lack clarity and are regularly used by different economists in ways that do not permit meaningful dialogue, we can use them to motivate our discussion.

Keywords: Interest Rate; Monetary Policy; Central Bank; Government Spending; Full Employment (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-80076-2_11

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DOI: 10.1057/9780230800762_11

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