The foundations of monetary macroeconomics - Steve Keen | Exploring Economics Global Lecture

Level: expert

Exploring Economics, 2020
Perspective: Post-Keynesian Economics
Topic: macroeconomics, mainstream critique, money & debt
Format: Lecture
Duration: 1:03:58
Link: https://www.youtube.com/watch?v=f7Wm0EYwNfE&t=19s

In this Lecture, Keen summarizes his critique of monetary macroeconomics. He elaborates on his approach of modelling monetary macroeconomic models using his software 'Minsky'. Furthermore, in the Q&A part, he also covers an outlook on the current state of debt levels, crisis vulnerability, his critique of the current Climate Economics (represented by W. Nordhaus' DICE model) and the modelling of shadow banks within the Minsky software.

Tags: climate | heterodox models | keynesian models | macroeconomics | modelling | models | monetary theory | money creation | Nordhaus | shadow banking
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