A Post-Keynesian Amendment to the New Consensus on Monetary Policy

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Interest rates, income distribution, and monetary policy dominance: Post Keynesians and the "fair rate" of interest (2007, background): “In this way, the model seeks to transcend both the monetary policy dominance and inflation dominance of policy characteristic of the new consensus, and to illustrate, in 9 We recognize that for many Post Keynesians, the IS curve is problematic (see Lavoie, 2006; Rochon, 1999).”
Macroeconomic Policy Mix, Employment and Inflation in a Post-Keynesian Alternative to the New Consensus Model (2010, methodology): “With respect to the income generation process, some authors have accepted the interest rate inverse IS-curve from the NCM (Atesoglu & Smithin, 2006; Lavoie, 2004, 2006; Rochon & Setterfield, 2007a; Setterfield, 2004, 2006), whereas others have replaced it by a more elaborate PK/Kaleckian approach…”
Fiscal policy in a stock-flow consistent (SFC) model (2007, background): “New consensus authors, as recalled by various Post Keynesian economists in their critiques of the new consensus (Lavoie, 2006; Setterfield, 2005), usually assume some variant of the vertical Phillips curve, which, in its most simplified form, can be presented as”