We are delighted to announce the publication of Volume 7, Issue 2 of the Review of Keynesian Economics. We invite you to visit the website where you can read all the article abstracts and download two free articles.Over the last several years economic recovery has led to some monetary tightening in the United States, but it is likely that a future recession will restore the issue of negative interest rates to the fore of policy debate. That is also true for Europe where there has been a weaker recovery in the euro zone and the European Central Bank still has a zero interest rate. In many ways, as participants in this symposium suggest, negative interest rate policy (NIRP) is a throwback to pre-Keynesian ideas according to which interest rates can adjust private spending to a level
Topics:
Matias Vernengo considers the following as important: negative nominal interest rates, ROKE, zero lower bound
This could be interesting, too:
Matias Vernengo writes Paul Davidson (1930-2024) and Post Keynesian Economics
Matias Vernengo writes Paul Davidson (1930-2024)
Matias Vernengo writes My short piece on Solow and his relation to the Review of Keynesian Economics
Matias Vernengo writes Atonella Stirarti’s Godley-Tobin Lecture
We are delighted to announce the publication of Volume 7, Issue 2 of the Review of Keynesian Economics. We invite you to visit the website where you can read all the article abstracts and download two free articles.
Over the last several years economic recovery has led to some monetary tightening in the United States, but it is likely that a future recession will restore the issue of negative interest rates to the fore of policy debate. That is also true for Europe where there has been a weaker recovery in the euro zone and the European Central Bank still has a zero interest rate. In many ways, as participants in this symposium suggest, negative interest rate policy (NIRP) is a throwback to pre-Keynesian ideas according to which interest rates can adjust private spending to a level compatible with full employment.
This issue of ROKE presents a symposium on negative interest rates. The papers provide the elements for a critical analysis of the theory and practice of NIRP, with the aim of enriching the Keynesian literature on alternative monetary policy. We hope you enjoy them.
Co-Editors