Post-Keynesian Economics - Grenoble, France

Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics by Hassan Bougrine, Louis-Philippe Rochon - Books on Google Play

Apologies for cross-posting

I negotiated a deal with Elgar. The E-version of the second book in honour of Marc and Mario is also on sale half price, for $20US. This is a limited time offer.

https://play.google.com/store/books/details/Hassan_Bougrine_Economic_Growth_and_Macroeconomic?id=g1jwDwAAQBAJ

play.google.com Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics - Ebook written by Hassan Bougrine, Louis-Philippe Rochon. Read this book using Google Play Books app on your PC, android, iOS devices. Download for offline reading, highlight, bookmark or take notes while you read....

Join our Cloud HD Video Meeting

TOMORROW: June 22 at 11am (NY time; 17h Paris time): and webinar:

"Policies for prosperity: from COVID depression to sustained economic growth".

With Mario Seccareccia, Tom Ferguson, Anna-Maria Variato, and Matias Vernengo.

https://laurentian.zoom.us/j/6163221545

laurentian.zoom.us Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution used around the world in board, confer...

Inequalities and the Progressive Era

Congratulations to Guillaume Vallet for his new book "Inequalities in the Progressive Era", with Edward Elgar.

Critical acclaim:

‘Rising inequality in late 19th and early 20th centuries US led to the development between 1920 and 1980 of the most successful and ambitious progressive tax system ever experimented. If you want to know more about the intellectual roots of the progressive era, you should read this great collection of essays. A fascinating book.’
– Thomas Piketty, Ecole des Hautes Etudes en Sciences Sociales and Paris School of Economics, France

‘This remarkable and carefully curated volume is an invaluable roadmap to the treatment of inequalities during the fascinating and often misunderstood Progressive Era. As Guillaume Vallet and his contributors argue there is much to be learned about this transformative era of political, economic, and social reform. Today, we confront a wide range of unacceptable inequalities. Academics, policymakers, and activists should look to this volume for inspiration as they design and advocate pathways out of the present morass.’
– Ilene Grabel, University of Denver, US

Among the authors: Steven Pressman, Bob Dimand, and Robert Skidelsky.

https://www.e-elgar.com/shop/gbp/inequalities-and-the-progressive-era-9781788972642.html

e-elgar.com ‘Rising inequality in late 19th and early 20th centuries US led to the development between 1920 and 1980 of the most successful and ambitious progressive tax system ever experimented. If you want to know more about the intellectual roots of the progressive era, you should read this great collectio...

The 3rd ROPE Webinar

"Do central banks serve the people"

With guest speaker Clement Fontan, Commentary by Guillaume Vallet, Gary Dymski and Malcolm Sawyer.

Monday, June 8, 2020. 11 am (New York time; 17h Paris time).

ttps://laurentian.zoom.us/j/6163221545

Waiting room enacted.

The Edward Elgar Series on Central Banking and Monetary Policy is expanding .... Announcing a series of 6 webinars focusing on the first book, 'The Future of Central Banking'. Begins May 18, 2020.

Hosted by Louis-Philippe Rochon, Sylvio Kappes, and Guillaume Vallet.

More information to follow soon.

Review of Political Economy

The Review of Political Economy is one of the leading journals in heterodox economics. So please come and follow us on Facebook:
https://www.facebook.com/RofPE/
and follow us on Twitter

An economic journal specializing in heterodox economics and political economy

Join our Cloud HD Video Meeting now

Post-Keynesian Economics Grenoble

I am speaking at 3 pm (Eastern time ... in 45 minutes), on central banking, monetary policy and the COVID-19 crisis, along with Guillaume Vallet

Please join us live.

https://espm.zoom.us/j/9741009668

espm.zoom.us Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution used around the world in board, confer...

My forthcoming books in 2020-2021:

- Employment in the Age of Austerity (Elgar)

-Credit, Money and Crises in Post-Keynesian Theory: Essays in honour of Marc Lavoie and Mario Seccareccia (Elgar);

- Economic Growth and macroeconomic Stabilization Policies in Post-Keynesian Economics: Essays in honour of Marc Lavoie and Mario Seccareccia (Elgar);

- An Introduction to Macroeconomics: Second Editor (Elgar);

- The Future of Central Banking (Elgar);

- Central Banking, Monetary Policy and Income Distribution (Elgar);

- Central Banking, Monetary Policy and the Environment (Elgar);

- Central Banking, Monetary Policy and Social Responsibility (Elgar);

- Central Banking, Monetary Policy and Alternative Monies (Elgar);

and possibly once more:

Joan Robinson: The Stanford Lectures (more on this project soon).

The introduction to my forthcoming article in honour of my good friend, Basil Moore. Will appear late 2020 in EJEEP.

Book #5 of the Elgar Series on Central Banking and Monetary Policy will focus on crypto currencies/bitcoins, fintech, e/digital money, and local currencies, with contributions by Ulrich Bindseil, and more. A great lineup. More soon

Working hard on developing the next book in the Elgar Series on Central Banking and Monetary Policy (our firth one). This one on alternative money arrangements. Incredible things to come from the post-Keynesian analysis at Grenoble.

As Principal Investigator, Guillaume Vallet received a 20 000 Euros grant to study the social responsibility of central banks, which coincides with our edited book on the same topic (with Sylvio Kappes). More news soon on how we will be spending the funds.

After having signed contracts this week for books 2 (Central Banking, Monetary Policy and Income Distribution) and 3 (Central Banking, Monetary Policy and the Environment), we are busy putting together the table of content for books 4 (Central Banking, Monetary Policy, Democracy and Social Responsibility) and 5 (Central Banking, Monetary Policy and Crypto-Currencies), for the Elgar Series on Central Banking and Monetary Policy.

Table of Content of the last 2 books to come soon.

The series and books are co-edited with Guillaume Vallet and Sylvio Kappes

Lille Post Keynesian Conference 2020 - Sciencesconf.org

Honoured to be on the Scientific Committee of the upcoming post-Keynesian conference in Lille(France), in December 2020.

I plan to be there. Hope you will consider it. This is a continuation of the Dijon/Grenoble conferencesI created.

https://pklille2020.sciencesconf.org/resource/page/id/3

pklille2020.sciencesconf.org   'I draw the conclusion that, assuming no important wars and no important increase in population, the economic problem may be solved, or be at least within sight of solution, within a hundred years. This means that the economic problem is not - if we look into the future - the permanent problem of...

I am the Guest Editor for 'Bank and Credit', the journal of the central bank of Poland (I am on its editorial board).
I am organizing a special issue in honour of the 50th anniversary of Kalecki's passing.
The symposium will contain four papers:
1) Jan Toporowski: "A Kaleckian View on Fiscal Policy and Debt Management"
2) Malcolm Sawyer: "Kalecki's Relevance in an Era of Austerity"
3) Eckhard Hein: "A Kaleckian/Steindlian Approach to Current Stagnation Tendencies, with an Emphasis on Europe"
and
4) Marc Lavoie (title to be confirmed, but I suggested "Kalecki as the father of stock-flow consistency")
This will coincide with the July annual conference of the central bank, in which a day is dedicated to Kalecki. All 4 authors, and myself, will be in attendance.
The articles may be difficult to get but I will make them available on here next summer (2020).
It was a sprint getting this done but glad I did and happy it came together so quickly and so nicely.

Am very happy to announce that, with Sylvio Kappes and Guillaume Vallet, I have a signed a contract with Edward Elgar, to create a new series: The Elgar Series on Central Banking and Monetary Policy. We will be editing about 10 books over the next 4-5 years on different themes related to central banking and monetary policy:

- The Future of Central Banking
- Central Banking, Monetary Policy and Income Distribution
- Central Banking, Monetary Policy and Gender
- Central Banking, Monetary Policy and Digital Currencies
- Central Banking, Monetary Policy and Ecology
- Central Banking, Monetary Policy and Financial Stability
- Central Banking, Monetary Policy and Social Responsibility
- Central Banking and Monetary Policy in Developing Countries

It is a great opportunity to push the boundaries of our understanding of central banking.

More information soon on details of each book.

Happy to announce I am working on a book of the best articles written by Marc Lavoie on money (for Elgar). Out in July 2020.

POST-KEYNESIAN MONETARY THEORY
SELECTED ESSAYS

MARC LAVOIE

Prologue
Louis-Philippe Rochon

Introduction
Marc Lavoie

“Credit and Money: The Dynamic Circuit, Overdraft Economics and Post Keynesian Economics”, in M. Jarsulic (ed.), Money and Macro Policy, Kluwer-Nijhoff, Boston, 1985, pp. 63-85 (12 pages)

“The Endogenous Credit Flow and the Post Keynesian Theory of Money”, Journal of Economic Issues, Vol. 18, no. 3, September, 1984, pp. 233-258.] (25 pages)

“The Post Keynesian Theory of Endogenous Money: A reply”, Journal of Economic Issues, 19 (3), Septembre 1985, pp. 843-848. (5 pages)

“Change, Continuity and Originality in Kaldor’s Monetary Theory”, in Nell, E.J. and W. Semmler (eds), Nicholas Kaldor and Mainstream Economics: Confrontation or Convergence?, Macmillan, London, 1991, pp. 259-278. (19 pages)

“Jacques Le Bourva’s Theory of Endogenous Credit-money”, Review of Political Economy, 4 (4), 1992, pp. 436-446. (10 pages)

“Eichner’s Monetary Economics: Ahead of Its Time”, in Lavoie, M., L-P. Rochon and M. Seccareccia (eds), Money and Macroeconomic Issues: Alfred Eichner and Post-Keynesian Economics, M.E. Sharpe, Armonk (NJ), 2010, pp. 155-171.] (16 pages)

“Horizontalism, Structuralism, Liquidity Preference and the Principle of Increasing Risk”, Scottish Journal of Political Economy, 43 (3), August, 1996, 275-300. (25 pages) WILEY

“Monetary Policy in an Economy with Endogenous Credit Money”, in Deleplace, G. and E.J. Nell (eds), Money in Motion: The Circulation and Post-Keynesian Approaches, Macmillan, London, 1996, pp. 532-545. (13 pages)

“Fair Rates of Interest in Post-Keynesian Political Economy”, in Teixeira, J. (ed.), Issues in Modern Political Economy, University of Brasilia Press, Brasilia, 1997, pp. 123-137. (14 pages)

“The Credit-Led Supply of Deposits and the Demand for Money: Kaldor's Reflux Mechanism as Previously Endorsed by Joan Robinson», Cambridge Journal of Economics, 23 (1), January 1999, pp. 103-114. (11 pages)

“A Primer on Endogenous Credit-Money”, in Rochon, L.-P. and S. Rossi (eds), Modern Theories of Money, Cheltenham: Edward Elgar, 2003, pp. 506-543. (37 pages)

“Monetary Base Endogeneity and the New Procedures of the Canadian and American Monetary Systems”, Journal of Post Keynesian Economics, Summer 2005, 27 (4), pp. 689-709. (20 pages)

“Endogenous Money: Accommodationist”, in P. Arestis and M. Sawyer (eds), Handbook on Alternative Monetary Economics, Edward Elgar, Cheltenham, 2006, pp. 17-34. (17 pages)

“Changes in Central Bank Procedures During the Subprime Crisis and their Repercussions on Monetary Theory”, International Journal of Political Economy, 39 (3), Fall 2010, pp. 3-23. (20 pages)

“Towards a Post-Keynesian Consensus in Macroeconomics: Reconciling the Cambridge and Wall Street Views”, in Hein, E., T. Niechoj and E. Stockhammer (eds), Macroeconomic Policies on Shaky Foundations – Wither Mainstream Economics?, Metropolis Verlag, Marburg, 2009, pp. 75-99. (24 pages)

“The Monetary and Fiscal Nexus of Neo-Chartalism: A Friendly Critique”, Journal of Economic Issues, 47 (1), March 2013, pp. 1-32. (31 pages)

“The Eurozone: Similarities to and Differences from Keynes’s Plan”, International Journal of Political Economy, 44 (1), Spring 2015, pp. 1-15. (14 pages)

“Rethinking Monetary Theory in Light of Keynes and the Crisis”, Brazilian Keynesian Review, 2 (2), 2016, pp. 174-188. (14 pages)

“Unconventional Monetary Policies, With a Focus on Quantitative Easing”, European Journal of Economics and Economic Policies: Intervention, 15 (2), 2018, pp. 139-146 (with Brett Fiebiger) (7 pages)

Guillaume Vallet and I in Budapest presenting at the central bank, and discussing future projects together.

OlaFinanciera | Núm 34 | Septiembre - Diciembre 2019 | Contenido

For those who read Spanish, my latest article with Guillaume Vallet on negative interest rates.

http://www.olafinanciera.unam.mx/new_web/34/index.html

olafinanciera.unam.mx La corriente dominante en economía tanto en la teoría como en el quehacer de la política económica han impedido, mediante diversos mecanismos, explorar alternativas para salir de la Gran Recesión; es esta corriente, junto al poderoso sector financiero, quienes crearon las condiciones para gener...

Building post-Keynesian links between Grenoble and China.

Happy to announce that Amitava Dutt is joining us in China for the first Post-Keynesian summer school in China, next August. Line up is LP Rochon, Marc Lavoie, Mario Seccareccia, Jan Toporowski, John King, Amitava Dutt Guillaume Vallet, and Natalia Bracarense.

What a lineup !!!

Guillaume Vallet and I are traveling to Budapest to take part in a conference organized by the National Bank Department of Economics at Corvinus University, where I will also speak at the central bank on income distribution.

Putting together a 3-year $400,000 grant proposal with Guillaume Vallet and Sylvio Kappes on 'Monetary Policy and Income Distribution'. These proposals are colossal jobs, so hope we are successful. Proposal almost done.

Crisis and Revolution in Economic Theory and Policy: A Debate

NOW AVAILABLE FOR DOWNLOADING

Crisis and Revolution in Economic Theory and Policy: A Debate
By Olivier Blanchard and Emiliano Brancaccio

https://www.tandfonline.com/doi/full/10.1080/09538259.2019.1644730

Download and safe a pdf version on your computer.

Please share on your timeline. Greatly appreciated

tandfonline.com (2019). Crisis and Revolution in Economic Theory and Policy: A Debate. Review of Political Economy. Ahead of Print.

Guillaume Vallet and I were invited to speak at a conference in Budapest in October, and then to Quito Ecuador the following week. Busy busy busy.

Guillaume Vallet and I are traveling to Budapest to speak at a conference. Another reason why post-Keynesian economics is thriving in Grenoble.

Big projects, Guillaume Vallet and I.
- editing an issue of Bulletin of Political Economy on monetary policy and structural change;
- editing a symposium for ROPE on whether central banks have learned anything from the financial crisis;
- editing a book (with Sylvio Kappes) on 'The Future of central banking'
- writing an article on why central bankers protect failed models, focused on the culture of the central banker.

Serials Publications

Post-Keynesian Economics continues to thrive in Grenoble

CALL FOR PAPERS (please report and circulate)

The Bulletin of Political Economy is hosting special issue on ‘Monetary Policy and Structural Change’, with guest-editors, Louis-Philippe Rochon and Guillaume Vallet.

Established in 2007, the Bulletin of Political Economy is edited by Enrico Sergio Levrero and Lefteris Tsoulfidis.

For more information about the journal, see http://serialsjournals.com/index.php…

The purpose of the special issue on monetary policy and structural change is to analyze the impact of monetary policy, meaning changes in the rate of interest but also changes in other tools (exchange rate, monetary base and so on), on economic/productive structures and on the way the real economy functions.

In standard neoclassical theory, monetary policy has no permanent effect on the real economy, as money and policy are neutral in the long run. Even in Keynesian New Consensus models, the purpose of monetary policy in an inflation targeting regime is to eventually get to a neutral stance, at a natural rate of interest.

For some heterodox, however, monetary policy not only has short-term real effects, but it can also have important structural impacts on how the economy operates over time. Monetary policy is likely to entail hysteresis effect, triggering path dependency phenomena. This explains why a growing literature insists on the role of central banks towards climate change, or social inequalities (income distribution, gender, etc.) for instance.

Likewise, since structural change refers to the lasting transformation of societies at large, several analyses in sociology, in history or in political science have focused on the role central banks play in the long run with respect to the functioning of democracy and of the whole social process underpinning the evolution of societies.

Therefore, the purpose of this symposium is to explore how monetary policy and central bank policies overall can have lasting effects on economic activity, and the structure of such activities. This special issue welcomes contributions in economics but also from other social sciences.

We will be publishing 5 articles, of approximately 8000 words each. Important deadlines:

August 15: email notifying us of your intent to send a paper:

January 15, 2020: date of paper submission;

Review process and decision: March 15, 2020

Final version of paper: June 15, 2020

Publication: January 2021

For more information, please send emails to Louis-Philippe Rochon and Guillaume Vallet. [email protected] and [email protected]

serialsjournals.com

Guillaume Vallet and I will be guest editors of the Bulletin of Political Economy (edited by Sergio Levrero), for a special issue on "monetary policy and structural change." It will be the first issue of 2021.

More information to follow soon.