Monetary Policy of the European Central Bank and Its Theoretical Resources in the View of Postkeynesian Economy
Bibliographic Data
| ID | 7973368 |
|---|---|
| Authors | Milan Sojka (corresponding author) |
| Year | 2010 |
| Volume | 58 |
| Issue | 1 |
| Pages | 3-19 |
| Publication date | 2010-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politická ekonomie (JOURNAL) |
| Journal identifiers | ISSN: 0032-3233 • E-ISSN: 2336-8225 |
| Publisher | Prague University of Economics and Business (PUBLISHER • CZ) |
| DOI | 10.18267/j.polek.717 |
| OpenAlex | W2184238474 |
| Language | EN |
| Citations received | 3 |
| References cited | 21 |
The paper deals with the monetary policy of the European Central Bank and its effects on economic development of the Czech economy and other new members of EU from the perspective of Post-Keynesian monetary economics. In the first part the basic principles of contemporary Post-Keynesian monetary theory of relative endogeneity of money are shortly presented. The second part concentrates on the Post-Keynesian criticism of the institutional arrangement of the ECB and its monetary policy. The closing part treats issues concerning potential effects of the policy of ECB in the given institutional framework on economic development of the Czech economy and economies of other less developed members of EU after joining the Eurozone. Possible adverse effects on the process of real convergence are discussed and alternative policies eliminating this danger are presented
Convergence (economics) · Criticism · Czech · Economics · Endogeneity · Inflation targeting · Keynesian economics · Macroeconomics · Monetary economics · Monetary policy · New Keynesian economics · Economic Theory and Policy · European Monetary and Fiscal Policies · Monetary Policy and Economic Impact
Discretion versus policy rules in practice
The New Consensus on Monetary Policy and its Post-Keynesian Critique
What Should Central Banks Do? What Should Be Their Macroeconomic Objectives and Operations
The interest rate transmission mechanism and the management of interest margin in the context of Czech national bank disinflation policy
Monetary approach to inflation
| Citations per year | 0.21 |
|---|---|
| Citation span | 2012 - 2016 (5) |
| Highly cited | No |