Review of Keynesian Economics

2012 - 2025

Current editor(s): Thomas Palley, Matías Vernengo and Esteban Pérez Caldentey

From Edward Elgar Publishing
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Volume 13, issue 3, 2025

Aggregate demand can reduce monopsonistic exploitation pp. 339-351

Ian M. McDonald

Assessing the political aspects of full employment: evidence from work stoppages pp. 352-376

Luke Petach

What lies behind export-led growth? An inquiry into the role of price and non-price competitiveness pp. 377-403

Riccardo Pariboni and Walter Paternesi Meloni

Unconventional monetary policy; Central bank reserves; Overnight interest rate; European Central Bank; Germany; Great Financial Crisis pp. 404–416

Eladio Febrero, Jorge Uxó and Óscar Dejuán

The impact of securities financing arrangements on the allocation of capital pp. 417-437

Fiona Maclachlan

Financialization’s new normal and Keynes pp. 438-453

Korkut A. Ertürk

Book review: Andres F. Cantillo, The Financial Foundations of Production and Uncertainty (Routledge, New York, NY, USA 2024) 150 pp pp. 454-457

Ivan D. Velasquez

Book review: Margarita Fajardo, The World That Latin America Created: The United Nations Economic Commission for Latin America in the Development Era (Harvard Historical Studies, Cambridge, MA, USA 2022) 296 pp pp. 458-460

Victor Manuel Isidro Luna

Volume 13, issue 2, 2025

Introduction to symposium: honoring Luigi Pasinetti (1930–2023) pp. 151-152

Roberto Lampa and Matías Vernengo

Much deeper and simpler: Pasinetti’s reassessment of Prebisch’s centre–periphery approach pp. 153-170

Florencia Sember and Roberto Lampa

Understanding backwardness as a structural problem: historical time in the analysis of the Russian Narodniks and Lenin, Gerschenkron, and Furtado pp. 171-189

Alexandre Cunha, Denis Melnik and Eduardo Albuquerque

A Pasinettian Structuralist analysis of the European Union’s core and peripheries pp. 190-215

Ferran Portella-Carbó and Ramon Boixadera

Pasinetti, debt sustainability and structural change in an era of global finance: an emerging and developing countries’ perspective pp. 216-248

Alberto Botta, Danilo Spinola, Giuliano Yajima and Gabriel Porcile

Export specialization and the switching of global value chains pp. 249-267

Gianmarco Oro

The direct and indirect effects of an asymmetric sectoral shock: a dynamic input–output approach pp. 268-288

Deborah Noguera, Deborah Noguera and Gabriel Montes-Rojas

Trade between advanced and underdeveloped countries: a Pasinetti model – Mexico–US 2013–2018 pp. 289-312

Pablo Ruiz Nápoles and Javier Castañeda León

Global convergence in labour productivity: new evidence from a Multi-Regional Input–Output analysis pp. 313-332

Gabriel Brondino, Giacomo Cucignatto and Davide Villani

Book review: James M. Boughton, Harry White and the American Creed: How a Federal Bureaucrat Created the Modern Global Economy (and Failed to Get the Credit) (Yale University Press, New Haven, CT, USA and London, UK 2021) 464 pp pp. 333-334

Tarron Khemraj

Book review: Hagen M. Krämer, Christian R. Proaño and Mark Setterfield, Capitalism, Inclusive Growth, and Social Protection: Inherent Contradiction or Achievable Vision? (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2023) 328 pp pp. 335-337

Tony Aspromourgos

Volume 13, issue 1, 2025

The Godley–Tobin Memorial Lecture pp. 1-20

Antonella Stirati

Credit-financed household consumption and the debt service ratio: tackling endogenous autonomous demand in the supermultiplier model pp. 21-50

Joana David Avritzer and Lídia Brochier

The incidence of tax rates on workers’ debt stability and demand regimes pp. 51-70

Clara Zanon Brenck

Interest rate and endogenous money under capital mobility and fixed exchange rate: alternative closures and implications pp. 71-93

Zico Dasgupta

Exploring counter-cyclical monetary policy in a small open economy using the portfolio balance approach pp. 94-111

Carlos Eduardo Drumond and Arslan Razmi

Between Scylla and Charybdis: long-term drivers of EU structural vulnerability pp. 112-140

Dario Guarascio, Jelena Reljic, Giacomo Cucignatto, Annamaria Simonazzi and Giuseppe Celi

Book review: Ashwani Saith, Cambridge Economics in the Post-Keynesian Era: The Eclipse of Heterodox Traditions (Palgrave Studies in the History of Economic Thought, Palgrave Macmillan, Cham, Switzerland 2022) 1188 pp pp. 141-145

Mohit Arora

Book review: Eckhard Hein, Macroeconomics After Kalecki and Keynes: Post-Keynesian Foundations (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2023) 282 pp pp. 146-149

Carlo D’Ippoliti

Volume 12, issue 4, 2024

Political economy of peace and war pp. 284-292

Robert Skidelsky

Notes on the political economy of war pp. 293-307

Wolfgang Streeck

The military–industrial complex as a variety of capitalism and threat to democracy: rethinking the political economy of guns versus butter pp. 308-347

Thomas Palley

The US National Security State and Big Tech: frenemy relations and innovation planning in turbulent times pp. 348-364

Cecilia Rikap

Centralization of capital and economic conditions for peace pp. 365-384

Emiliano Brancaccio, Raffaele Giammetti and Stefano Lucarelli

Navigating geoeconomics in a new era of US–China relationship pp. 385-395

Keyu Jin

Reimagining the global economic order pp. 396-407

Dani Rodrik

The gift of sanctions: an analysis of assessments of the Russian economy, 2022–2023 pp. 408-422

James K. Galbraith

Are jobless recoveries history? Okun’s law, insufficient stimulus, and slow recoveries pp. 435-452

Gabriel Mathy

Considerations on inflation, economic growth, and the 2 per cent inflation target pp. 453-474

Robert Pollin and Hanae Bouazza

Demand-led growth under political constraints: a long-run model of conflict inflation pp. 475-498

Guilherme Spinato Morlin and Riccardo Pariboni

Hysteresis and the long shadow of the exchange rate regime pp. 499-517

Thomas Barnebeck Andersen

The effect of fiscal austerity on citizens’ trust in the European Union pp. 518-537

Giorgio Liotti, Rajmund Mirdala and Luigi Salvati

Autonomous demand and economic growth in Mexico (1993–2019): theory and empirics in a small, open and peripheral economy pp. 538-561

Maria Cristina Barbieri Góes, Santiago José Gahn and Ettore Gallo

Book review: Perry Mehrling, Money and Empire: Charles P. Kindleberger and the Dollar System (Cambridge University Press, Cambridge, UK 2022) 298 pp pp. 562-563

Gonzalo Luis Fernánde

Book review: Peter Skott, Structuralist and Behavioral Macroeconomics (Cambridge University Press, Cambridge, UK 2023) 384 pp pp. 564-567

Marwil J. Dávila-Fernandez

Volume 12, issue 3, 2024

Introduction: the challenge of political economy of war and peace (especially in a time of war) pp. 275-277

Raffaele Giammetti and Thomas Palley

Beyond the age of hegemony pp. 278-283

Jeffrey Sachs

Volume 12, issue 2, 2024

Robert Solow, eclectic American Keynesianism, and the Review of Keynesian Economics pp. 153-156

Matías Vernengo

Introduction pp. 157-158

Esteban Pérez Caldentey, Julia Braga and Thomas Palley

The different roles of liquidity and capital in preventing financial crises: insights from a Post-Keynesian model pp. 159-180

Peter Docherty

Theorising non-bank financial intermediation pp. 181-196

Jo Michell

Liquidity, solvency and regulation in the Classical–Keynesian theory of crises pp. 197-219

Carlo Panico

Optimal inflation targeting with anchoring pp. 220-238

Thomas Michl and Robert Rowthorn

The Argentine economy through the lens of an adapted Mundell–Fleming model for small open peripheral economies pp. 239-264

Ariel Dvoskin, German Feldman and Matías Torchinsky Landau

Book review: Lucio Baccaro, Mark Blyth and Jonas Pontusson (eds), Diminishing Returns: The New Politics of Growth and Stagnation (Oxford University Press, Oxford, UK 2022) 541 pp pp. 265-269

Eduardo F. Bastian

Book review: Martin Wolf, The Crisis of Democratic Capitalism (Penguin Books/Allen Lane, London, UK 2023) 474 pp pp. 270-273

Engelbert Stockhammer