Draft:The Monetary Policy Institute

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The Monetary Policy Institute is an international virtual institute whose purpose is to shed critical light on central banking and monetary policy, and to push the boundaries of our understanding about interest rates and inflation, and their impact.

Created in 2019, it is the first and only institute dedicated to a heterodox and post-Keynesian discussion on issues touching on money and monetary policy, and its interaction with the overall macro economy. But our objective is also to go beyond the confines of post-Keynesian economics, and to engage with economists in central banks around the world, and in the mainstream. At a time when post-Keynesian and heterodox ideas are gaining traction in central banks, at the IMF, at the World Bank, the time is right to move forward and engage with colleagues. Indeed, as the recent crises have shown, central banks are being faced with new challenges, while confronting old ones that no longer seem to obey the old ways of seeing monetary policy, economic activity and inflation.

This has led to a deep rethinking of the nature of monetary policy, and its transmission mechanisms. While heterodox economists have been debating these issues for decades, mainstream economists are slowly awakening to the same realizations. While this is certainly welcome, there is a vast existing literature that needs to be taken into consideration.

We explore, through publications, webinars, workshops, conferences and blogs all aspects of central banking and monetary policy, in particular the social-biases, the gender and race biases, and the carbon-biases of monetary policy. Our objective is to produce high-quality, peer-reviewed research on central banking and monetary policy, defined broadly, and publishing it in leading academic journals and books.

Key Figures:

LOUIS-PHILIPPE ROCHON; SYLVIO ANTONIO KAPPES; GUILLAUME VALLET; MARIA CHRISTINA BARBIERI GOES; DAVID FIELDS; ETTORE GALLO; MARC LAVOIE; SERGIO ROSSI; MARIO SECCARACIA; AND WESLEY MARSHALL

References[edit]

https://macroeconomist.wixsite.com/monetarypolicyinst