Modern Monetary Macroeconomics

Modern Monetary Macroeconomics

A New Paradigm for Economic Policy

New Directions in Modern Economics series

Edited by Claude Gnos and Sergio Rossi

This timely book uses cutting-edge research to analyse the fundamental causes of economic and financial crises, and illustrates the macroeconomic foundations required for future economic policymaking in order to avoid these crises.

Front Matter

Edited by Claude Gnos and Sergio Rossi

Subjects: economics and finance, financial economics and regulation, post-keynesian economics

Extract

Modern Monetary Macroeconomics M3010 - GNOS & ROSSI TEXT.indd i 26/10/2012 14:46 NEW DIRECTIONS IN MODERN ECONOMICS Series Editor: Malcolm C. Sawyer, Professor of Economics, University of Leeds, UK New Directions in Modern Economics presents a challenge to orthodox economic thinking. It focuses on new ideas emanating from radical traditions including post-Keynesian, Kaleckian, neo-Ricardian and Marxian. The books in the series do not adhere rigidly to any single school of thought but attempt to present a positive alternative to the conventional wisdom. For a full list of Edward Elgar published titles, including the titles in this series, visit our website at www.e-elgar.com. M3010 - GNOS & ROSSI TEXT.indd ii 26/10/2012 14:46 Modern Monetary Macroeconomics A New Paradigm for Economic Policy Edited by Claude Gnos Senior Research Associate, Centre for Monetary and Financial Studies, University of Burgundy, Dijon, France and International Economic Policy Institute, Laurentian University, Canada and Sergio Rossi Full Professor of Economics, University of Fribourg, Switzerland NEW DIRECTIONS IN MODERN ECONOMICS Edward Elgar Cheltenham, UK • Northampton, MA, USA M3010 - GNOS & ROSSI TEXT.indd iii 26/10/2012 14:46