Rochon, Louis-Philippe; Setterfield, Mark - In: Journal of Post Keynesian Economics 30 (2007) 1, pp. 13-42
iIn light of the growing interest in "new consensus" models, this paper examines Post Keynesian alternatives to the Taylor rule. It identifies two distinctive approaches to Post Keynesian interest rate policy, which we label the activist and the/i parking-it irules. The first approach advocates...