Search Results - subject_exact:"Keynesian macroeconomics"

Supermultiplier models, demand stagnation, and monetary policy : inevitable march to the lower bound for interest rates?

Fazzari, Steven M. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193466

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Supermultiplier models, demand stagnation, and monetary policy: Inevitable march to the lower bound for interest rates?

Fazzari, Steven M. - 2024

Book / Working Paper

Supermultiplier models, demand stagnation, and monetary policy : inevitable march to the lower bound for interest rates?

Fazzari, Steven M. - 2024

Book / Working Paper

Keynes's ideas for a regulated economy : inspiration for ecological transformation

Heine, Michael; Herr, Hansjörg - 2026

John Maynard Keynes clearly recognized the inherent crisis-proneness of capitalist economies and that, for the most part, they did not represent a meritocracy. The lion's share of non-labour income in the form of interest, dividends, or profit distributions is pocketed by households that do not...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618018

Exogenous fluctuations : DSGE models

Nicoletti, Giulio; Pensieroso, Luca - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597400

Nonlinear business-cycle anatomy

Brianti, Marco; Forni, Mario; Gambetti, Luca; Granese, … - 2026

Building on a frequency-domain identification within a nonlinear Structural Dynamic Factor Model, we study the nonlinear transmission of demand and supply shocks, the two shocks accounting for the bulk of fluctuations in U.S. macroeconomic variables. Supply shocks propagate symmetrically and are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015627060

Expansionary austerity in Europe : finally an oxymoron?

Fontana, Olimpia; Sau, Lino - 2026

The expansionary austerity thesis (EAT) emerged and established itself in the 1990s, based on theoretical and empirical research, and was rapidly incorporated into macroeconomic theory. In a nutshell, fiscal consolidations, aimed at stabilising or lowering the public debt-to-GDP ratio, can...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650697

Post-Keynesian economics : theory and ethics

Dutt, Amitava Krishna - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651662

Sticky prices and constraints to produce

Markauskas, Justinas; Ravn, Morten O.; Ríos-Rull, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653798

Keynesianism and U.S. economic transformation : institutional challenges, policy limits, and global interdependence

Hayakawa, Hiroaki - 2026

This paper offers a historically grounded reinterpretation of Keynesianism within the context of U.S. economic development and global capitalist transformation. It traces the evolution of Keynes's core insights into a form of structural Keynesianism, shaped by institutionalism, post-Keynesian...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633713

The revolution that was - or wasn't : a meta-analysis of the Keynesian revolution debate

Heise, Arne - 2026

Following Lawrence Klein's designation of a 'Keynesian Revolution', the impact of John Maynard Keynes's The General Theory of Employment, Interest and Money has remained contested. While early interpretations viewed it as a refinement of neoclassical equilibrium theory, later accounts...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015666817

Lucas's "Keynesian education" and the new classical aggregate supply

Galbács, Peter; Laidler, David E. W. - 2026

This paper investigates how Robert E. Lucas came to adopt the market clearing aggregate supply framework that would be foundational for New Classical macroeconomics. Drawing on Lucas's own recollections, the record of his mid-1960s research, and Lucas and Rapping (1969) in particular, we show...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671473

Keynes, Minsky, and me

Janeway, William H. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672730

Beyond full employment : Keynes and Kalecki on our economic future

Spencer, David A. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652998

Some reflections on climate change in a Keynesian spirit

Bibow, Jörg - 2026

Over the next few decades humanity and countries around the world will be facing three major challenges. First, artificial intelligence will fundamentally reshape work and greatly impact employment and labor markets. Second, varying national and regional demographic trends will reshape global...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016081351

Keynesianism vs. neoliberalism : a data-driven comparative analysis of macroeconomic performance under competing policy regimes in the United States, 1945-2024

Pattnaik, Sarthak; Jain, Chhayank; Pinsky, Eugene - 2026

This paper conducts a comprehensive empirical evaluation of macroeconomic outcomes under two competing policy paradigms that have governed the United States since the end of World War II: the Keynesian-inflected New Deal Order (1946-1980), rooted in John Maynard Keynes's theory of aggregate...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016087246

Tracing dividing lines in the analysis of time and uncertainty : Keynes's logical probability and Ramsey's subjective probability in contrast

Brüggemann, Kai - 2026

This article argues that Keynes's inquiry into probability constitutes a theory of rational choice under uncertainty that is distinct from the subjective probability approach. Ramsey's theoretical treatment, in contrast to Keynes's, anticipates the mathematization of economic theory by...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060539

Financial instability in the practice of Keynesian macroeconometric forecasting

His, Florent - 2026

This article examines how economists at Data Resources, Inc. (DRI) incorporated the financial determinants of the business cycle into their analysis of the U.S. economy. DRI was one of the largest private companies providing forecasts based on a large-scale macroeconometric model. The case of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016091206

Toward a Marx-Keynes-Minsky synthesis

Wray, L. Randall - 2026

This paper summarizes and compares the approaches of Marx and Keynes to the theory of effective demand and places it within the monetary theory of production. While their techniques differed (Marx overtly followed - one could say, completed - the Classical labor theory of value while Keynes...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016090229

A review of the first workshop on heterodox macroeconomics models, held in Greece in 2025

Maurudeas, Stauros; Passas, Costas - 2026

The First Workshop on Heterodox Macroeconomic Models was held on July 4, 2025, at the premises of the Social Policy Laboratory of Panteion University in Athens. The event was part of the broader research project "Heterodox Macroeconomic Model for the Greek Economy" (HMM-GR). The subject of the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016093032

Would Keynesian expansionary policies eliminate the natural rate of unemployment : insights from the Sri Lankan economy

Boughabi, Houssam - 2025

This paper develops a Keynesian stochastic framework to reassess the natural rate hypothesis in the context of the Sri Lankan economy. By embedding fractional Brownian motion to capture persistent inflationary shocks and incorporating nonlinear interactions between unemployment dynamics and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015554383

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Would Keynesian expansionary policies eliminate the natural rate of unemployment: Insights from the Sri Lankan economy

Boughabi, Houssam - 2025

Book / Working Paper

Post-Keynesian economic thought in Mexico : discussions on economic growth

Levy-Orlik, Noemí - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015546498

Australian post Keynesianism

Millmow, Alexander; King, John E. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015546501

Between academia and economic policy : the rise and decline of post-Keynesian economics in Austria

Stockhammer, Engelbert; Dammerer, Quirin; Maschke, Andreas - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015546504

Keynes and the Provincial investment problem

Woods, J. E. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371074

Rules versus discretion in Post Keynesian fiscal policy

Heise, Arne - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015636304

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Rules versus discretion in Post Keynesian fiscal policy

Heise, Arne - 2025

Book / Working Paper

Beyond supply-side explanations : Italy’s growth trajectory in post-Keynesian and CPE frameworks

Arena, Federica - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015466464

Reassessing wage-led growth in Europe : some sceptical notes

Heise, Arne - 2025

This comment critically examines the recent claim by Alcobia and Barradas that the European Union follows a wage-led growth regime, warranting pro-labour policy intervention. While their findings support a clear policy stance, closer inspection reveals significant methodological and empirical...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015454581

Keynes's principle of effective demand reconsidered : the core of of a heterodox post-Keynesian paradigm, or a fundamentalist Keynesian concept that should be abandoned?

Heise, Arne - 2025

Keynes's Principle of Effective Demand is widely recognized not only as a major theoretical innovation but also as one of the core concepts uniting various post-Keynesian strands. However, Keynes's own treatment of the Principle of Effective Demand - known as the Z/D model and identified by...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015425584

Fiscal austerity regimes as factor of political instability in the European Union

Samsonov, Volodymyr - 2025

This research examines impacts of austerity on the political instability in the European Union, defined as elevated levels of electoral volatility and ideological polarization. By analyzing macroeconomic theories that elucidate the effects of austerity on citizens' wealth and the national...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015425587

The interest rate in loanable funds theory, Keynes, and Keynesian : how do they differ and why?

Lee, Keun H. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625847

Fiscal policy and public finance before Keynes

Johnson, Marianne F. - 2025

This paper examines how fiscal policy was understood in the English language economics before the publication of Keynes's General Theory (1936). Consideration of the evolving meaning of fiscal policy is preliminary to understanding both the rise of Macroeconomics and the development of modern...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638957

Keynes, Graziani, and Non-Bank Financial Intermediaries : a stock-flow consistent analysis

Canelli, Rosa; Fontana, Giuseppe; Realfonzo, Riccardo; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651339

A note on keynesian models used in standard textbooks

Seitz, Franz - 2025

This article shows that there is a methodological problem in the traditional IS-LM model. If production cannot be sufficiently adjusted downwards, there is no uniform interest rate that simultaneously clears the money and goods markets. An extension of the credit market in the tradition of the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015475208

Creative destruction meets financial instability : toward a new synthesis

Burlamaqui, Leonardo - 2025

This paper reconstructs Joseph Schumpeter's major works to propose a coherent new departure point for analyzing economic and social change. I argue that Capitalism, Socialism and Democracy (1942) (CSD) marks a radical departure from Schumpeter's earlier attempts in The Theory of Economic...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015481456

Strategies for economic development in Brazil : a Structuralist-Keynesian approach

Paula, Luiz Fernando de; Oreiro, José Luís - 2025

This paper aims to analyze the main reasons to the tendency toward stagnation of the Brazilian economy and to discuss a strategy of sustained development to overcome such tendency from a Keynesian-Structuralist approach, more specifically adopting a Newdevelopmentalism green agenda. A sustained...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015397386

From stabilization to liberation : the relevance of John Maynard Keynes for Claudio Napoleoni's economic and political thought

Timponelli, Luca - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015515811

Keynes as a post-growth economist

Spencer, David A. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016083324

Capitalism, austerity and fascism

Konzelmann, Sue - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015061448

Old-Keynesianism in the new Keynesian model

Kwaak, Christiaan van der - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015061685

Dr. Palley and the merits of conflict

Heise, Arne - 2024

Controversy is vital in the pursuit of knowledge. Constructive dispute can drive intellectual growth and deepen understanding within a field. However, mutual respect, thorough engagement, and intellectual humility are necessary for productive exchanges. In this vein, I clarify in my response to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014631926

Keynes, Kalecki and Minsky - Post Keynesian champions in comparison or: joining forces, horses for courses or the necessity of discrimination?

Heise, Arne - 2024

The push to pluralise the economic discipline involves making informed decisions about which paradigm to adopt, requiring a deep understanding of each paradigm's characteristics and affiliations. Once paradigmatic choices are made, different theories can either collaborate effectively or require...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014631944

Monetäre Werttheorie und Monetärkeynesianismus : Theorienvergleich zum Krisenbegriff im ideengeschichtlichen Zusammenhang

Ritterbach, Lennart - 2024

Marx und Keynes sowie die Varianten der monetären Werttheorie und des Monetärkeynesianismus lassen sich nur sinnvoll in ein Verhältnis setzen, wenn die differierenden Argumentationsebenen berücksichtigt werden. Während Marx von sozialen Formen ausgeht, welche Geld erst begründen, geht...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014634277

Between export-led growth and administrative Keynesianism : Italy's two-tiered growth regime

Di Carlo, Donato; Ciarini, Andrea; Villa, Anna - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015331040

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Between export-led growth and administrative Keynesianism : Italy's two-tiered growth regime

Di Carlo, Donato; Ciarini, Andrea; Villa, Anna - 2024

Book / Working Paper

New economics, paradigm shifts and the lack of philosophical foundations in economics or: is the future of economics heterodox?

Heise, Arne - 2024

The article discusses the ongoing debate about a potential paradigm shift in eco-nomics. Institutions like the Institute for New Economic Thinking, the New Economics Foundation, and the Forum New Economy have been established to foster new approaches to understanding and transforming economies....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015081064

Unnecessary radicalism : the limits of economic ideas in political thinking : the Swedish debate on balance of payments 1967-1976 and the question of fiscal austerity

Lindberg, Elisabeth - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014511961

In search of lost reason : Ramsey, Keynes, and the intellectualism debate

Marouzi, Soroush - 2024

The outbreak of the Great War facilitated a shift in the dominant view of human nature within the Bloomsbury-Cambridge intelligentsia, steering it away from an optimistic view toward a pessimistic one. The conceptualization of human reason and rationality, however, remained intact by the war....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014515196

Monetärer Keynesianismus : Versuch einer Rekonstruktion von Hajo Rieses "Theorie der Geldwirtschaft"

Spahn, Peter - 2024

Hajo Riese (FU Berlin) was a pioneer of the "Berlin School of Monetary Keynesianism", particularly in the 1980s and 1990s. His research work was based on the roots of monetary theory in the work of J. M. Keynes, with a particular focus on the theory of capital and interest rates. While in Keynes...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014518541

Marx, Keynes and the future of working time

Spencer, David A. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014524963

The value of money : a survey of heterodox approaches

Wray, L. Randall - 2024

This paper examines heterodox theories of the determinants of the value of money. Orthodox approaches that tie money's value to relative scarcity of money or to the price level are rejected as inconsistent with the monetary theory of production embraced by heterodox traditions linked to Marx,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015135051

In search of lost reason

Marouzi, Soroush - 2024

I argue that the outbreak of the Great War facilitated a shift in the dominant view of human nature within the Cambridge-Bloomsbury intelligentsia, steering it away from an optimistic view toward a pessimistic one. The conceptualization of human reason and rationality within this group, however,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015135555

The relevance of post-Keynesian macroeconomics for middle-income economies

Feijó, Carmem - 2024

Purpose This paper, based on the 2022 Master Class delivered at the 50th National Economic Meeting organized by ANPEC, discusses how post-Keynesian macroeconomics and New Developmentalism complement each other to understand middle-income economies' development in financial globalization. It...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015147906