EconPapers    
Economics at your fingertips  
 

Post-Keynesian macroeconomics since the mid-1990s - main developments

Eckhard Hein

No 01-2017, FMM Working Paper from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

Abstract: In this paper the main developments in post-Keynesian macroeconomics since the mid-1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands of post-Keynesian economics, their commonalities and developments since the 1930s will be outlined. This will provide the grounds for touching upon three important areas of development and progress of post-Keynesian macroeconomics since the mid-1990s: first, the integration of distribution issues and distributional conflict into short- and long-run macroeconomics, both in theoretical and in empiri-cal/applied works; second, the integrated analysis of money, finance and macroeconomics and its appli-cation to changing institutional and historical circumstances, like the process of financialisation; and third, the development of full-blown macroeconomic models, providing alternatives to the mainstream ?New Consensus Model? (NCM), and allowing to derive a full macroeconomic policy mix as a more con-vincing alternative to the one implied and proposed by the mainstream NCM, which has desperately failed in the face of the recent crises.

Keywords: post-Keynesian macroeconomics; heterodox vs. orthodox economics; pluralism in economics; distribution; money; finance; macroeconomics; macroeconomic policies (search for similar items in EconPapers)
JEL-codes: B22 E12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his, nep-hpe, nep-mac and nep-pke
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.boeckler.de/pdf/p_fmm_imk_wp_01_2017.pdf (application/pdf)

Related works:
Journal Article: Post-Keynesian macroeconomics since the mid 1990s: main developments (2017) Downloads
Working Paper: Post-Keynesian macroeconomics since the mid-1990s: Main developments (2016) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imk:fmmpap:01-2017

Access Statistics for this paper

More papers in FMM Working Paper from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Contact information at EDIRC.
Bibliographic data for series maintained by Sabine Nemitz ().

 
Page updated 2018-08-16
Handle: RePEc:imk:fmmpap:01-2017