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Power, wages, and the market: Kurt Rothschild's vision of distribution in a post-Keynesian framework

Krämer, Hagen - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556513

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Power, wages, and the market : Kurt Rothschild's vision of distribution in a post-Keynesian framework

Krämer, Hagen - 2025

Book / Working Paper

The self-financing state : an institutional analysis of government expenditure, revenue collection and debt issuance operations in the United Kingdom

Berkeley, Andrew; Ryan-Collins, Josh; Tye, Richard; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533265

Between theory and reality : growth analysis of Italy in the post-Keynesian framework

Arena, Federica - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604696

Distributive conflict and wage formation in Germany : a Kaleckian perspective on nominal wages and demand (1990-2024)

Boughabi, Houssam - 2026

This paper investigates the interplay between distributive conflict, wage dynamics, and persistent unemployment within a Kaleckian framework, emphasizing the long-memory properties of wages. We develop a stochastic model in which wages adjust adaptively to cumulative historical discrepancies...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611413

Post-Keynesian economics : theory and ethics

Dutt, Amitava Krishna - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651662

Conflict and cooperation in international trade : post Keynesian perspectives

Blecker, Robert A. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651322

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Conflict and cooperation in international trade : post-Keynesian perspectives

Blecker, Robert A. - 2025

Book / Working Paper

Rules versus discretion in Post Keynesian fiscal policy

Heise, Arne - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636304

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Rules versus discretion in Post Keynesian fiscal policy

Heise, Arne - 2025

Book / Working Paper

A post-Keynesian model on the impact of militarization on carbon emission

Elveren, Adem Yavuz - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015484569

A post-Keynesian open economy model of conflict inflation, distribution, employment, and external balance

Jungmann, Benjamin; Hein, Eckhard; Campana, Juan Manuel - 2025

Post-Keynesian conflict inflation models have received renewed attention in the course of the recent inflationary processes related to the recovery from the Covid-19 crisis in 2020 and the hike of energy prices in the context of the start of the Russian war on Ukraine in 2022. Although the basic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015492230

The paradox of policy competition : a simple post-Keynesian theory of how beggar-thy-neighbour FDI-led growth strategies work in principle but not in practice

Woodgate, Ryan - 2025

In recent decades, governments around the world have increasingly used various forms of state aid to try to attract and retain the business activity of foreign-owned multinational corporations. Yet, in most cases, this "commercialisation of state sovereignty" (Palan, 2002) has failed to catalyse...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015444021

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

Arena, Federica - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466464

Inequality, individualism, and overwork

Treeck, Till van - 2025

It can be argued that the rich world has long reached the social limits to growth, which were presciently seen by key figures in post-Keynesian economics. Reducing working hours, therefore, may have a greater potential to increase people's life satisfaction than more economic growth. One of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470402

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015454581

Kaleckian economics after Kalecki : a survey

Hein, Eckhard - 2025

This contribution reviews key developments in Kaleckian economics after Kalecki, with a focus on its application to mature capitalist economies. Rather than revisiting interpretations of Kalecki's original work, the contribution highlights subsequent theoretical and empirical extensions. It...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439233

Post-Keynesian economics in Germany since the 1970s : a detailed mapping of the landscape

Hein, Eckhard - 2025

This paper maps the intellectual and institutional landscape of post-Keynesian economics in Germany since the 1970s. It reviews the contributions of academics based in Germany, irrespective of their nationality, to post-Keynesian economics viewed from a broad tent perspective and to the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015440449

The Post-Keynesian Model of the firm in an open economy : financialisation and firms' target profit rates in developing and emerging economies

Tucci, Candelaria Fernández - 2025

This paper extends the post-Keynesian model of the firm to an open-economy context to investigate the determinants of firms' target profit rates in developing and emerging economies (DEEs) and the ways in which these rates have been affected by the financialisation phenomenon. Our findings show...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015476706

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015425584

Growth vs. discipline : Italy's fiscal dilemmas in a stock-flow consistent model

Zezza, Francesco; Zezza, Gennaro - 2025

This paper investigates the implications of the European Union's revised fiscal governance framework for Italy, a country facing the dual challenge of high public debt and persistent economic stagnation. Using a Stock-Flow Consistent (SFC) macroeconometric model of the Italian economy (MITA), we...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015403351

Household debt, financial balance, and macroeconomic stability : an empirical stock-flow consistent model of the UK economy

Lu, Saite - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015399478

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

Levy-Orlik, Noemí - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015546498

Australian post Keynesianism

Millmow, Alexander; King, John E. - 2025

Persistent link: https://www.econbiz.de, 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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015546504

From periphery to core? : mapping a history of post-Keynesian economics in Brazil

Guizzo, Danielle; Almeida, Felipe; Brites, Maríndia; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015546505

Structural change in post Keynesian monetary theory : a Non-Compensatory Disequilibrium Framework

Túñez-Area, Narciso - 2025

Post Keynesian Economics has shifted away and even renegade from Keynes' original research program, i.e., the Unemployment Equilibrium thesis, endogenous money and liquidity preference determination of interest rate in which money and uncertainty play a fundamental part. This paper attempts to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015549054

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Structural Change in Post Keynesian Monetary Theory : A Non-Compensatory Disequilibrium Framework

Túñez Area, Narciso - 2021

Book / Working Paper

Regional economic growth and post-Keynesian economics : unfit for purpose?

Gomes, Alexandre - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533404

Growth regimes, growth drivers and private demand in financialised economies : the case of Spain

Feliciano, Daniel; Ferreiro Aparicio, Jesús; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654641

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

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

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651339

Functional income distribution, effective demand and wealth in Denmark : insights from an empirical stock-flow consistent model

Byrialsen, Mikael Randrup; Valdecantos, Sebastian; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195206

A post-Kaleckian econometric analysis of interest rates, income distribution, capacity utilization, accumulation and profit rates : the case of Italy

Kurt, Ozan Ekin - 2024

The aim of this paper is to analyze the effects of interest rates on rates of capacity utilization, capital accumulation and profit in Italy within a post-Kaleckian theoretical framework. The model employed in the analysis, which was developed by Hein/Schoder (2011), is based on monetary-...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015095355

Rise and fall of Mexican Super Peso : heterodox perspective versus orthodoxy

Montiel-Orozco, Laura Lisset - 2024

This working paper contrasts the neo-Keynesian and post-Keynesian theories of monetary policy for an open economy, highlighting the irrelevance of the orthodox theory and the explanatory capacity of heterodoxy for an emerging economy such as Mexico. It focuses on the role of the central bank and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015078187

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015081064

A heterodox approach to masstige : brand fetishism, corporate pricing, and rules of consumer choice

Lah, Marko; Sušjan, Andrej - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014578247

The principle of effective demand in the short and the long run : Marx, Kalecki, Keynes, and beyond

Hein, Eckhard - 2024

The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014582684

Inflation is always and everywhere : a conflict phenomenon : post-Keynesian inflation theory and energy price driven conflict inflation, distribution, demand and employment

Hein, Eckhard - 2024

This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation and profit shares in the course of the COVID-19 recovery and the Russian war in Ukraine. It distinguishes between the Keynes, Kaldor, Robinson, and Marglin tradition, and the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015057214

The exchange rate regime of the WAEMU : monetary stability at the expense of current account deficits and rising external financial liabilities? : a post-Keynesian view

Lampe, Florian - 2024

The West African Economic and Monetary Union (WAEMU) is a currency and customs union that is made up of the eight low-income countries Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Except for Guinea-Bissau, all member countries of the WAEMU have a shared...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015049323

The endogenous money hypothesis : empirical evidence from Türkiye : 2008-2020

Özden, Oktay; Bolkol, Hakki Kutay; Demirel, Baki - 2024

This paper examines the validity of the endogenous money supply hypothesis in Türkiye from 2008 to 2020. The endogenous money hypothesis underlines the fact that a demand for bank credit leads to the creation of credit and deposit. Deposits are created once credit application is approved by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014550881

A global race to the bottom : the neo-Goodwinian aggregative-systems estimation of income distribution and capacity utilization interactions

Vechsuruck, Tanadej - 2024

The neoliberal reforms since the 1980s have resulted in rapid globalization paralleled by worsening income distribution. In this paper, I first show that most countries worldwide (58 of 81) have experienced a decline in the labor share of income, or the wage share, during 1950-2019. Second, I...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014550882

Financialisation and demand and growth regimes : a review of post-Keynesian contributions

Hein, Eckhard; Treeck, Till van - 2024

We review post-Keynesian assessments of the macroeconomic demand and growth impacts of financialisation. First, we examine the channels of influence of financialisation on distribution and on the different components of private aggregate demand, i.e. investment, consumption and net exports....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014490639

From export boom to private debt bubble : a macroeconomic policy regime assessment of Canada's shifting growth regime

Klassen, Theodore - 2024

This paper examines the emergence of private debt-led growth in Canada since the Global Financial Crisis (GFC) by means of a growth regime and macroeconomic policy regime assessment. Examining each of the four business cycles in the 1983-2020 period, roughly encompassing the entirety of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014516158

Macroeconomic policy regimes and demand and growth regimes in emerging market economies : the case of Argentina

Ianni, Juan Martín - 2024

Demand and growth regimes (DGR) and macroeconomic policy regimes (MPR) frameworks have assumed prominence within the post-Keynesian literature. However, most studies based on these conceptual frameworks have focused on developed economies. The main contribution of this paper is to provide a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014516160

A Kaleckian approach to financialization and functional income distribution : Austria and Finland in comparative perspective

Dabrowski, Cara; Kuhls, Sonia - 2024

In this paper, we examine if and to what extent the Kaleckian theory of mark-up pricing can explain changes in functional income distribution in an environment of financialization. Following this approach, we expect financialization to influence the aggregate wage share through three channels:...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014502305

Kaleckian Models of conflict inflation, distribution and employment : a comparative analysis

Hein, Eckhard; Häusler, Christoph - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193383

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Kaleckian models of conflict inflation, distribution and employment : a comparative analysis

Hein, Eckhard; Häusler, Christoph - 2024

Book / Working Paper

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://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015147906

On the possibility of an ever-increasing wealth concentration : Pasinetti, dual, and anti-dual equilibria in a Post-Keynesian framework

Ederer, Stefan; Rehm, Miriam - 2024

This paper develops a stock-flow consistent Post-Keynesian model in the Kalecki-Steindl tradition with endogenous wealth accumulation and distribution, which captures the key aspects of the Cambridge debate on (anti-)dual and Pasinetti equilibria. We find that a stable interior solution - that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015149327

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On the possibility of an ever-increasing wealth concentration : pasinetti, dual, and anti-dual equilibria in a Post-Keynesian framework

Ederer, Stefan; Rehm, Miriam - 2024

Book / Working Paper

Society matters: a post-Keynesian approach to economic development

Marmissolle, Pablo - 2024

This paper discusses methodological individualism and the perceived "need" for microfoundations in economic theory. It argues that the persistent focus on microfoundations has led a large part of the field to overlook the complexity of social interactions, the relevance of historical processes,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015191316