Over the last two decades, work on the Post Keynesian theory of endogenous money has been flourishing, and has prompted a rethinking of the complex nature of money in modern economies. At the heart of the debate between what have now been labelled the accommodationist (or horizontalist) approach...

This paper assesses the recent interest for Keynesian economics in academia and policy-making circles. It examines the main features of Keynesian economics vis-a-vis neoclassical economics, before presenting the three-equation New Consensus Macroeconomics (NCM) model and its Keynesian roots....