The Monetary Policy Institute is an international virtual institute whose purpose is to shed critical light on central banking and monetary policy.

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 realisations. While this is certainly welcome, there is a vast existing literature that needs to be taken into consideration.

Visit the Monetary Policy Institute's website here.