Gnos, Claude; Rochon, Louis-Philippe - In: Review of Political Economy 19 (2007) 3, pp. 369-386
This paper outlines the fundamental arguments of the New Consensus, critiques it from a Post-Keynesian perspective, and offers a Post-Keynesian alternative to the Taylor Rule. While Post-Keynesian economics provides a theory of endogenous money with exogenous interest rates, it has no clear...