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Article Dans Une Revue Journal of Post Keynesian Economics Année : 2023

Modern post-Keynesian approaches: continuities and ruptures with monetary circuit theory

Résumé

Stock-flow-consistent models (SFC) and modern monetary theory (MMT) are growing in popularity. Both are part of post-Keynesian theory and provide it with a modeling tool for the former and political proposals for the latter. However, these new modern post-Keynesian approaches share features with monetary circuit theory: their accounting framework, the hierarchy of agents and economic flows, and the importance of the Keynes’s finance motive. This article examined the fundamental elements of these new approaches to establish their links with monetary circuit theory.
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hal-04043491 , version 1 (23-03-2023)

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Eric Berr, Virginie Monvoisin. Modern post-Keynesian approaches: continuities and ruptures with monetary circuit theory. Journal of Post Keynesian Economics, 2023, pp.1-19. ⟨10.1080/01603477.2023.2167092⟩. ⟨hal-04043491⟩

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