Recent developments in Post-Keynesian modeling

Los desarrollos recientes de la macroeconomía post-keynesiana

Angel Asensio (), Sebastien Charles, Edwin Le Heron and Dany Lang
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Angel Asensio: CEPN - Centre d'Economie de l'Université Paris Nord - CNRS - Centre National de la Recherche Scientifique - Université Sorbonne Paris Nord

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Abstract: Recent developments in Post-Keynesian modeling The purpose of this article is to show why recent developments in post-Keynesian modeling are valuable to understand the functioning of contemporary capitalism and to limit its dysfunction. First, the main methodological innovations from the last decade are emphasized: endogenous money, the role of banks and of financial system, formalization of path-dependency and long-run dynamics and stock flow consistent models. Second, we study the developments involved by Kalecki's works on dynamic analysis and the interaction between growth and income distribution. Finally, the importance of active and demand oriented macro-policies is underlined in order to promote a new regulation of capitalism, more efficient and fair than financialized capitalism.

Keywords: stock flow consistent models; Growth; Post-Keynesian modeling; Economic Policies; crecimiento; modelización post-keyesiana; políticas ecoómicas; politiques économiques; modélisation post-keynésienne; modèles stock flux cohérents; croissance (search for similar items in EconPapers)
Date: 2011
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00664867v1
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Published in Revue de la régulation. Capitalisme, institutions, pouvoirs, 2011, Post-keynésianisme et théorie de la régulation : des perspectives communes, 10, ⟨10.4000/regulation.9372⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00664867

DOI: 10.4000/regulation.9372

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