"A pair of simple modifications to the Kalman filter recursions makes possible the filtering of models in which one or more state variables is truncated normal. Such recursions are broadly applicable to macroeconometric models that have one or more probit-type equation, such as vector...

Contents: Foreword / Louis-Philippe Rochon -- Introduction / Marc Lavoie -- Part I: Earlier and easier writings -- 1 'the endogenous flow of credit and the post keynesian theory of money', journal of economic issues, 18 -- (3), september 1984, 771-97 2 2 'the post keynesian theory of endogenous...

"Students in economics are ever more distressed by the disconnect between mainstream economics and the real world. This book shows how post-Keynesian economics constitutes a coherent heterodox alternative, based on realistic assumptions and the integration of the financial and real sides of the...

Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this...