Monetary Policy and Inequality: The Pasinetti Index
About this ebook
Within contemporary heterodox economics, this topic gained renewed attention in the late 1980s through influential papers by prominent post-Keynesians who highlighted concerns about how interest rate changes affect functional income distribution. This perspective places social class dynamics and class conflict at the center of monetary policy debates, challenging mainstream approaches that often overlook distributional consequences.
This book is an invaluable read for economics researchers, graduate students, and policy analysts of monetary theory, macroeconomics, political economy, income inequality, financial economics, and heterodox economic approaches.
The chapters in this book were originally published in Review of Political Economy.
About the author
Sylvio Antonio Kappes is Assistant Professor of Macroeconomics at the Federal University of Alagoas, Brazil. He is the co-editor of the Elgar Series on Central Banking and Monetary Policy, together with Louis-Philippe Rochon and Guillaume Vallet. He is the co-editor of the Review of Political Economy. He also sits on the editorial boards of the Bulletin of Political Economy and Advances in Economics Education. He is the co-director of the Monetary Policy Institute.
Louis-Philippe Rochon is Full Professor of Economics at Laurentian University, Canada. He is the current editor-in-chief of the Review of Political Economy and the founder (now Editor Emeritus) of the Review of Keynesian Economics. He sits on the editorial board of 14 other journals. He has published widely in several journals on monetary policy and post-Keynesian economics. He has been Visiting Professor in over 10 countries. He is the co-director of the Monetary Policy Institute.
