Monetary Policy Shift Sparks Global Financial Stability Concerns
The article "Credibility versus Confidence in Monetary Policy" explores the relationship between money, financial instability, and stabilization policy. Post Keynesian economists from around the world share their latest research on monetary theory, financial markets, and financial instability. The first half of the article focuses on theory, while the second half includes empirical papers. The authors highlight the significant contributions of Post Keynesians in understanding the role of money and financial markets in the economy.