@conference {1977,
	title = {Ecological monetary economics: A post-Keynesian critique},
	booktitle = {Fourth International Conference on Degrowth for Ecological Sustainability and Social Equity},
	year = {2014},
	address = {Leipzig},
	abstract = {Ecological economists tackling monetary issues advocate monetary policies that seem, from a post-Keynesian point of view, either questionable or unnecessary. Ecological monetary economics currently appears to be mostly articulated around two core assumptions: First, to be achieved, a stationary state (and a fortiori a degrowth economy) would require interest rates set at zero. Second, such an economy would require a monetary system in which the monetary authorities have full control over the quantity of money in circulation. This paper adopts a critical stance towards the emerging ecological monetary economics from the standpoint of the post-Keynesian approach. It deals with the view on interest rates and then tackles the issue of a 100\% reserve monetary system. We argue that interest rates set to zero is an unnecessary condition to reach a steady-state economy and that a 100\% reserves monetary system would preclude any sustainable path towards a non growing economy. Key words: Ecological macroeconomics ; Ecological monetary economics ; post-Keynesian economics ; steady-state ; degrowth},
	author = {Louison Cahen-Fourot and Prof. Marc Lavoie}
}
