Book review: Liêm Hoang-Ngoc "Le fabuleux destin de la courbe de Phillips. Les théories de l'inflation et du chômage après Keynes"

According to orthodoxy, wage moderation policies are a good way to support growth and employment. The recent versions of the (neo-)Kaleckian model criticise this assertion. We present and discuss this model in its canonical form. Then we take into account some important developments: endogenous...

DISTRIBUTION AND GROWTH IN FRANCE (1982-2006): A COINTEGRATED VAR APPROACH. We propose a simple Post Keynesian model so as to test whether French economy is profit or wage-led i.e. whether a profit share increase has a positive or negative impact on economic growth. In that perspective, we...