While mainstream policies may be beyond improvement in the enchanted ›optimizable‹ world, Post Keynesians have to manage without a magic wand in our uncertain world. We discuss the alternative policies proposed in the recent Post Keynesian literature and argue that control of interest rates...

The last few years have been characterized by a significant renewal and development of post-Keynesian modelling (PKM hereafter). For obvious reasons, this growing interest has been reinforced since the 2007 crisis, a tragic event that has confirmed the relevance of PKM. The papers gathered in...

The paper argues that beyond the deviations of the long-term interest rate the monetary authority may cause, it is the rate determined by the market conventional expectations that prevails eventually. Lasting influence requires the authority to be capable of changing the market conventional...