economic theory offers several reasons to believe that growing deficits might be associated with slower growth, and would … relation between deficits and growth could be positive. Modern Money Theory, adopting Godley's sectoral balance approach …, Lerner's functional finance approach, and Minsky's theory of financial instability takes a more nuanced approach. Historical …

publication of A Critical Essay on Modern Macroeconomic Theory co-written with Frank Hahn. This narrative involves different … economists associated with various research traditions, going from the neo-classical synthesis in the 1960s, the New Classical …

This paper considers some methodological aspects of Joan Robinson's contribution to post-Keynesian growth theory. Joan …

theory appears not to be a cumulative science so far. When attempts are done to settle controversies by "nature" (testing the … or non-identified when testing them. Two examples are provided, one in growth theory and testing convergence, one in … business cycles theory and testing inflation persistence. …