Frontiers of Heterodox Macroeconomics 1st edition by Philip Arestis, Malcolm Sawyer 3030239282 9783030239282

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ISBN 10: 3030239282

ISBN 13: 9783030239282

Author:  Philip Arestis, Malcolm Sawyer  

In the past few decades, and intensified since the global financial crisis of August 2007, heterodox macroeconomics has developed apace and its scope has broadened in a number of directions. The purpose of this volume is to review the ‘state of the art’ in heterodox macroeconomics, its strengths and weaknesses and future directions. Heterodox macroeconomics has broadened its scope through gender macroeconomics, ecological macroeconomics and further incorporated income distribution and inequality into macroeconomics analysis. New macroeconomic models, particularly stock-flow consistent modelling has become a widely used mode of analysis. Money and finance, monetary policy and fiscal policy as well as other policies have been discussed widely. The focus of this edited collection is on all of these issues, with chapters focusing on inflation, ecological sustainability and regulatory policy.

Frontiers of Heterodox Macroeconomics 1st Table of contents:

1. Critique of the New Consensus Macroeconomics and a Proposal for a More Keynesian Macroeconomic Model
2. Approaching Budget Deficits, Debts and Money in a Socially Responsible Manner
3. Advances in the Post-Keynesian Analysis of Money and Finance
4. Why the Subprime Financial Crash Should Have Been Prevented and Implications for Current Macroeconomic and Regulatory Policy
5. Inflation: Failures of Inflation Targeting—A European Perspective
6. Stock-Flow Consistent Dynamic Models: Features, Limitations and Developments
7. Fiscal Policy and Ecological Sustainability: A Post-Keynesian Perspective
8. Secular Stagnation and Income Class Structure in Europe: Policy and Institutional Implications

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Tags: Frontiers, Heterodox, Macroeconomics, Philip Arestis, Malcolm Sawyer