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ABOUT THE
MONETARY POLICY INSTITUTE

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

believe are three interrelated challenges.

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. 

THE DIRECTORS

SYLVIO ANTONIO KAPPES is Assistant Professor of Macroeconomics at the Federal University of Alagoas, Brazil. His main areas of research are Central Banking, Monetary Policy, Income Distribution and Stock-flow Consistent models. His work has been published in a number of peer-reviewed journals, such as the Review of Political Economy, Journal of Post Keynesian Economics, Journal of Economic Issues and the Brazilian Keynesian Review. He is a co-editor of the “Elgar Series on Central Banking and Monetary Policy”, together with Louis-Philippe Rochon and Guillaume Vallet. He is the Associate Editor of the Review of Political Economy. He also sits on the editorial boards the Bulletin of Political Economy and Advances in Economics Education.

Updated, January 3, 2024

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Personal website

Updated, January 3, 2024

LOUIS-PHILIPPE ROCHON is Full Professor of Economics at Laurentian University, Canada, where he has been teaching since 2004. Before that, he taught at Kalamazoo College, in Michigan. He obtained his doctorate from the New School for Social Research, in 1998, earning him the ‘Frieda Wunderlich Award for Outstanding Dissertation’, for his dissertation on endogenous money and post-Keynesian economics.

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In January 2019, he became the co-editor of the Review of Political Economy, and its Editor-in-Chief in 2021. Before that, he created the Review of Keynesian Economics, and was its editor from 2011 to 2018, and is now Founding Editor Emeritus. He is a Consulting Editor for the newly-created Advances in Economics Education. He is the co-director of the Monetary Policy Institute, and the editor of the @Monetaryblog.

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He has been guest-editor for the Journal of Post Keynesian Economics, the International Journal of Pluralism and Economics Education, the European Journal of Economic and Social Systems, the International Journal of Political Economy, and the Journal of Banking Finance and Sustainable Development. He has published on monetary theory and policy, post-Keynesian economics, and fiscal policy.

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He is on the editorial board of Ola Financiera, International Journal of Political Economy, the He is on the editorial board of Ola Financiera, International Journal of Political Economy, the European Journal of Economics and Economic Policies: Intervention, Bank & Credit (Central Bank of Poland), Bulletin of Political Economy, Advances in Economics Education, Il Pensiero Economico Moderno, Journal of Banking, Finance and Sustainable Development, Research Papers in Economics and Finance, and the Associate Editor of Journal of Business and Economic Studies.  He is the Editor-in-Chief of the Elgar Series of Central Banking  and

Monetary Policy, and co-editor of New Directions in Post-Keynesian Economics.

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He has been a Visiting Professor or Visiting Scholar in Australia, Brazil, France, Italy, Japan, Mexico, Poland, South Africa, and the United States, and has further lectured in Chile, China, Colombia, Denmark, Ecuador, Germany, Italy, Japan, Kyrgyzstan, Peru, Spain, Switzerland, and the UK.

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He is the author of some 150 articles in peer-reviewed journals and books, and has written or edited close to 40 books.

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He has received grants from the Social Sciences and Humanities Research Council in Canada (SSHRC), the Ford Foundation, and the Mott Foundation, among other places.

GUILLAUME VALLET is Full Professor of Economics at the University of Grenoble Alpes, France (research fellow at Centre de Recherche en Economie de Grenoble, Research Centre.

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He was awarded a Fulbright Award, in 2021, to explore the development of the social sciences during the Progressive Era (1892-1920), especially in light of economists’ and sociologists’ treatment of income inequality.

 

He holds two PhDs, one in economics from the University Pierre Mendès-France (Grenoble, France) and the other in sociology from the University of Geneva (Switzerland) and at the Ecole des Hautes Etudes en Sciences Sociales (Paris, France).

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His research focuses on monetary economics, the political economy of gender and the history of economy thought during the Progressive Era. He is the author of some 50 articles in peer-reviewed journals and books, and has written 10 books.

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Specifically, he has published in several distinguished academic journals (Revue d’Economie Politique, Economy and Society, Review of Political Economy), especially on Albion W. Small (Business History, European Journal of the History of Economic Thought, Journal of the History of Economic Thought), and he has been invited to give talks by prestigious institutions such as the New School for Social Research (New York, United States), the Bank of Ecuador, the Bank of Hungary, the Bank of Israel, the Swiss National Bank, and the United Nations in Geneva.

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Updated, January 3, 2024

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