References
- Anufriev, M., T. Assenza, C. Hommes, and D. Massaro. 2013. “Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations.” Macroeconomic Dynamics 17 (8):1574–1604. doi: https://doi.org/10.1017/S1365100512000223.
- Arestis, P., M. Baddeley, and J. McCombie, (eds.). 2005. The New Monetary Policy: Implications and Relevance. Cheltenham, UK: Edward Elgar Publishing Inc.
- Arestis, P., and M. Sawyer. 2004. “Monetary Policy When Money is Endogenous: Going beyond the ‘New Consensus’.” In Central Banking in the Modern World: Alternative Perspectives, edited by M. Lavoie and M. Seccareccia, 71–87. Cheltenham, UK: Edward Elgar Publishing Inc.
- Arestis, P., and M. Sawyer. 2008. “New Consensus Macroeconomics and Inflation Targeting: Keynesian Critique.” Economia e Sociedade 17:631–655. doi: https://doi.org/10.1590/S0104-06182008000400006.
- Azad, R., and C. Saratchand. 2015. “A Macro-Theoretic Survey of Monetary Policy in a Closed Economy.” In ICSSR Research Surveys and Explorations: Economics, edited by P. Patnaik, Volume 3: Macroeconomics’, 75–116. Oxford, UK: Oxford University Press.
- Benhabib, J., S. Schmitt-Grohé, and M. Uribe. 2001a. “Monetary Policy and Multiple Equilibria.” American Economic Review 91 (1):167–185. doi: https://doi.org/10.1257/aer.91.1.167.
- Benhabib, J., S. Schmitt-Grohé, and M. Uribe. 2001b. “The Perils of Taylor Rules.” Journal of Economic Theory 96 (1–2):40–69. doi: https://doi.org/10.1006/jeth.1999.2585.
- Benhabib, J., S. Schmitt-Grohé, and M. Uribe. 2002. “Chaotic Interest-Rate Rules.” American Economic Review 92 (2):72–78. doi: https://doi.org/10.1257/000282802320189032.
- Bernanke, B. S., T. Laubach, F. S. Mishkin, and A. S. Posen. 1999. Inflation Targeting: Lessons from the International Experience. Princeton, NJ: Princeton University Press.
- Bhaduri, A., and S. A. Marglin. 1990. “Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies.” Cambridge Journal of Economics 14 (4):375–393. doi: https://doi.org/10.1093/oxfordjournals.cje.a035141.
- Branch, W., and G. Evans. 2011. “Monetary Policy and Heterogeneous Expectations.” Economic Theory 47 (2–3):365–393. doi: https://doi.org/10.1007/s00199-010-0539-9.
- Cassetti, M. 2002. “Conflict, Inflation, Distribution and Terms of Trade in the Kaleckian Model.” In The Economics of Demand-Led Growth: Challenging the Supply-Side Vision of the Long Run, edited by M. Setterfield. Cheltenham, UK: Edward Elgar Publishing Inc.
- Cassetti, M. 2003. “Bargaining Power, Effective Demand and Technical Progress: A Kaleckian Model of Growth.” Cambridge Journal of Economics 27 (3):449–464. doi: https://doi.org/10.1093/cje/27.3.449.
- Clarida, R., and M. Gertler. 1997. “How the Bundesbank Conducts Monetary Policy.” In Reducing Inflation: Motivation and Strategy, edited by C. D. Romer and D. H. Romer. Chicago, IL: University of Chicago Press.
- Clarida, R., J. Galí, and M. Gertler. 1998. “Monetary Policy Rules in Practice: Some International Evidence.” European Economic Review 42 (6):1033–1067.
- Clarida, R., J. Galí, and M. Gertler. 2000. “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory’, The.” Quarterly Journal of Economics 115 (1):147–180. doi: https://doi.org/10.1162/003355300554692.
- Cornand, C., and C. K. M’baye. 2018. “Does Inflation Targeting Matter? An Experimental Investigation.” Macroeconomic Dynamics 22 (2):362–401. doi: https://doi.org/10.1017/S1365100516000250.
- Dalziel, P. C. 1990. “Market Power, Inflation and Income Policies.” Journal of Post Keynesian Economics 12 (3):424–438. doi: https://doi.org/10.1080/01603477.1990.11489809.
- Datta, S. 2005. “Chaotic Dynamics of Financing Investment.” Metroeconomica 56 (1):58–84. doi: https://doi.org/10.1111/j.1467-999X.2005.00207.x.
- Datta, S. 2011. “Investment-Led Growth Cycles: A Preliminary Re-Appraisal of Taylor-Type Monetary Policy Rules.” In Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji, edited by K. G. Dastidar, H. Mukhopadhyay, and U. B. Sinha. New Delhi, India: Oxford University Press.
- Datta, S. 2016. “Macrodynamics of Debt-Financed Investment-Led Growth with Interest Rate Rules.” Journal of Post Keynesian Economics 39 (4):593–624. doi: https://doi.org/10.1080/01603477.2016.1155416.
- de Grauwe, P. 2012. Lectures on Behavioral Macroeconomics. Princeton, NJ: Princeton University Press.
- Duménil, G., and D. Lévy. 1999. “Being Keynesian in the Short Term and Classical in the Long Term: The Traverse to Classical Long-Term Equilibrium.” Manchester School 67 (6):684–716.
- Dutt, A. K. 2006. “Aggregate Demand, Aggregate Supply and Economic Growth.” International Review of Applied Economics 20 (3):319–336. doi: https://doi.org/10.1080/02692170600736094.
- Epstein, G. A., and A. E. Yeldan. 2009. Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives. Cheltenham, UK: Edward Elgar Publishing Inc.
- Evans, G., and S. Honkapohja. 2001. Learning and Expectations in Macroeconomics. Princeton, NJ: Princeton University Press.
- Feldkircher, M., and P. L. Siklos. 2019. “Global Inflation Dynamics and Inflation Expectations.” International Review of Economics & Finance 64:217–241. doi: https://doi.org/10.1016/j.iref.2019.06.004.
- Flaschel, P. 2009. The Macrodynamics of Capitalism: Elements for a Synthesis of Marx, Keynes and Schumpeter, 2nd ed. Berlin Heidelberg: Springer.
- Flaschel, P., M. Charpe, G. Galanis, C. R. Proano, and R. Veneziani. 2017. “Macroeconomic and Stock Market Interactions with Endogenous Aggregate Sentiment Dynamics.” Journal of Economic Dynamics and Control 91:237–256. doi: https://doi.org/10.1016/j.jedc.2017.10.002.
- Fontana, G., and A. Palacio-Vera. 2002. “Monetary Policy Rules: What Are we Learning?” Journal of Post Keynesian Economics 24 (4):547–568. doi: https://doi.org/10.1080/01603477.2002.11490343.
- Goodhart, C. A. 1992. “The Objectives for, and Conduct of, Monetary Policy in the 1990s.” In Inflation, Disinflation, and Monetary Policy, edited by A. Blundell-Wignall. Sydney, Australia: Ambassador Press.
- Gürkaynak, R. S., A. Levin, and E. Swanson. 2010. “Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from the U.S., UK, and Sweden.” Journal of the European Economic Association 8 (6):1208–1242. doi: https://doi.org/10.1111/j.1542-4774.2010.tb00553.x.
- Hein, E., and E. Stockhammer. 2010. “Macroeconomic Policy Mix, Employment and Inflation in a Post-Keynesian Alternative to the New Consensus Model.” Review of Political Economy 22 (3):317–354. doi: https://doi.org/10.1080/09538259.2010.491283.
- Johnson, D. R. 2002. “The Effect of Inflation Targeting on the Behavior of Expected Inflation: Evidence from an 11 Country Panel.” Journal of Monetary Economics 49 (8):1521–1538. doi: https://doi.org/10.1016/S0304-3932(02)00181-2.
- Judd, J., and G. Rudebusch. 1998. “Taylor’s Rule and the Fed: 1970-1997.” Federal Reserve Bank of San Francisco Economic Review 3 (361):3–16.
- Lavoie, M. 2014. Post-Keynesian Economics: New Foundations. Cheltenham, UK: Edward Elgar Inc.
- Lima, G. T., and A. J. A. Meirelles. 2003. “Endogenous Banking Markup, Distributional Conflict and Capacity Utilization.” Metroeconomica 54 (2–3):366–384. doi: https://doi.org/10.1111/1467-999X.00171.
- Lima, G. T., and A. J. A. Meirelles. 2007. “Macrodynamics of Debt Regimes, Financial Instability and Growth.” Cambridge Journal of Economics 31 (4):563–580. doi: https://doi.org/10.1093/cje/bel042.
- Lima, G. T., and M. Setterfield. 2010. “Pricing Behaviour and the Cost Push Channel of Monetary Policy.” Review of Political Economy 22 (1):19–40. doi: https://doi.org/10.1080/09538250903391863.
- Lima, G. T., M. Setterfield, and J. J. da Silveira, 2014. “Inflation Targeting and Macroeconomic Stability with Heterogeneous Inflation Expectations.” Journal of Post Keynesian Economics 37 (2):255–279.
- Lines, M., and F. Westerhoff. 2012. “Effects of Inflation Expectations on Macroeconomic Dynamics: Extrapolative versus Regressive Expectations.” Studies in Nonlinear Dynamics & Econometrics 16 (4):1–30. doi: https://doi.org/10.1515/1558-3708.1900.
- Marglin, S. A., and A. Bhaduri. 1990. “Profit Squeeze and Keynesian Theory.” In The Golden Age of Capitalism: Reinterpreting the Postwar Experience, edited by S. A. Marglin and J. B. Schor, 153–186. New York, NY: Oxford University Press.
- Meirelles, A. J. A., and G. T. Lima. 2006. “Debt, Financial Fragility, and Economic Growth: A Post Keynesian Macromodel.” Journal of Post Keynesian Economics 29 (1):93–115. doi: https://doi.org/10.2753/PKE0160-3477290105.
- Minsky, H. P. 1982. Inflation, Recession and Economic Policy. New York, NY: M.E. Sharpe Inc.
- Murakami, H., and T. Asada. 2018. “Inflation-Deflation Expectations and Economic Stability in a Kaleckian System.” Journal of Economic Dynamics and Control 92:183–201. doi: https://doi.org/10.1016/j.jedc.2017.11.004.
- Nishi, H. 2015. “Comparative Evaluation of post-Keynesian Interest Rate Rules, Income Distribution and Firms’ Debts for Macroeconomic Performance.” Cambridge Journal of Economics 39 (1):189–219. doi: https://doi.org/10.1093/cje/beu007.
- Patnaik, P. 1997. Accumulation and Stability under Capitalism. Oxford, UK: Clarendon Press.
- Rochon, L.-P. 2007. “The State of Post Keynesian Interest Rate Policy: Where Are we and Where Are we Going?” Journal of Post Keynesian Economics 30 (1):3–11. doi: https://doi.org/10.2753/PKE0160-3477300100.
- Rochon, L.-P., and M. Setterfield. 2007. “Interest Rates, Income Distribution, and Monetary Policy Dominance: Post Keynesians and the “Fair Rate” of Interest.” Journal of Post Keynesian Economics 30 (1):13–42. doi: https://doi.org/10.2753/PKE0160-3477300101.
- Rousseas, S. 1985. “A Markup Theory of Bank Loan Rates.” Journal of Post Keynesian Economics 8 (1):135–144. doi: https://doi.org/10.1080/01603477.1985.11489549.
- Rowthorn, B. 1981. Demand, Real Wages and Economic Growth: Thames Papers in Political Economy. London, UK: Thames Polytechnics.
- Rowthorn, R. E. 1977. “Conflict, Inflation and Money.” Cambridge Journal of Economics 1 (3):215–239. doi: https://doi.org/10.1093/oxfordjournals.cje.a035360.
- Ryoo, S., and P. Skott. 2017. “Fiscal and Monetary Policy Rules in an Unstable Economy.” Metroeconomica 68 (3):500–548. doi: https://doi.org/10.1111/meca.12139.
- Sargent, T. 1993. Bounded Rationality in Macroeconomics. Oxford, UK: Oxford University Press.
- Setterfield, M. 2006. “Is Inflation Targeting Compatible with Post Keynesian Economics?” Journal of Post Keynesian Economics 28 (4):653–671. doi: https://doi.org/10.2753/PKE0160-3477280407.
- Taylor, J. B. 1993. “Discretion versus Policy Rules in Practice.” Carnegie-Rochester Conference Series on Public Policy 39:195–214. doi: https://doi.org/10.1016/0167-2231(93)90009-L.
- Woodford, M. 2002. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton, NJ: Princeton University Press.
- Wray, L. R. 2007. “A Post Keynesian View of Central Bank Independence, Policy Targets, and the Rules versus Discretion Debate.” Journal of Post Keynesian Economics 30 (1):119–141. doi: https://doi.org/10.2753/PKE0160-3477300106.