Money, Distribution and Economic Policy

Money, Distribution and Economic Policy

Alternatives to Orthodox Macroeconomics

New Directions in Modern Economics series

Edited by Eckhard Hein and Achim Truger

Money, Distribution and Economic Policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics. It presents contributions which are critical of modern orthodoxy and which explore alternative approaches to macroeconomics and economic policy analysis. The contributors explore the following areas: • the development of heterodox theory • the role of money in macroeconomics • the relationship between distribution and aggregate demand • macroeconomic policy issues from a broader heterodox perspective.

Chapter 10: The Link between Fiscal and Monetary Policy – Lessons for Germany from Japan

Richard A. Werner

Subjects: economics and finance, money and banking, post-keynesian economics

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