Details about Thomas Michl

Access statistics for papers by Thomas Michl.

Last updated 2024-07-05. Update your information in the RePEc Author Service.

Short-id: pmi742

Working Papers

2024

1. The inverted yield curve in a 3-equation model
   Working Papers, Department of Economics, Colgate University
   See also Journal Article The Inverted Yield Curve in a 3-Equation Model, Eastern Economic Journal, Palgrave Macmillan (2024) (2024)

2023

2. Inflation stabilization and normal utilization
   Working Papers, Department of Economics, Colgate University
   See also Journal Article Inflation stabilization and normal utilization, Journal of Post Keynesian Economics, Taylor & Francis Journals (2024) (2024)
3. Optimal Disinflation and Reflation
   Working Papers, Department of Economics, Colgate University
4. The falling rate of profit as a research program
   Working Papers, Department of Economics, Colgate University

2021

5. Shadow Banks and the Collateral Multiplier
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics
   See also Journal Article Shadow Banks and the Collateral Multiplier, Eastern Economic Journal, Palgrave Macmillan (2023) (2023)

2017

6. Combating Hysteresis With Output Targeting
   Working Papers, Department of Economics, Colgate University
   See also Journal Article Combating hysteresis with output targeting, Review of Keynesian Economics, Edward Elgar Publishing (2019) View citations (4) (2019)

2016

7. Hysteresis in a Three-Equation Model
   Working Papers, Department of Economics, Colgate University View citations (4)
   See also Journal Article Hysteresis in a Three-Equation Model, Eastern Economic Journal, Palgrave Macmillan (2018) View citations (3) (2018)

2010

8. Falling into the Liquidity Trap: Notes on the Global Economic Crisis
   Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (1)

2008

9. Discounting Nordhaus
   Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst
   See also Journal Article Discounting Nordhaus, Review of Political Economy, Taylor & Francis Journals (2010) View citations (1) (2010)

2006

10. Tinbergen Rules the Taylor Rule
    Economics Working Paper Archive, Levy Economics Institute View citations (2)
    See also Journal Article Tinbergen Rules the Taylor Rule, Eastern Economic Journal, Palgrave Macmillan (2008) View citations (2) (2008)

2001

11. Social Security in a Classical Growth Model
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (1)
    See also Journal Article Social security in a Classical growth model, Cambridge Journal of Economics, Cambridge Political Economy Society (2004) View citations (22) (2004)

1999

12. Can Rescheduling Explain the New Jersey Minimum Wage Studies?
    Macroeconomics, University Library of Munich, Germany View citations (3)
    Also in Economics Working Paper Archive, Levy Economics Institute (1999)
    See also Journal Article Can Rescheduling Explain the New Jersey Minimum Wage Studies?, Eastern Economic Journal, Eastern Economic Association (2000) View citations (33) (2000)

1988

13. Why Is The Rate of Profit Still Falling?
    Economics Working Paper Archive, Levy Economics Institute

1987

14. Macroeconomic Profitability: Theory and Evidence
    Economics Working Paper Archive, Levy Economics Institute

Journal Articles

2024

1. Inflation stabilization and normal utilization
   Journal of Post Keynesian Economics, 2024, 47, (2), 400-418
   See also Working Paper Inflation stabilization and normal utilization, Working Papers (2023) (2023)
2. Optimal inflation targeting with anchoring
   Review of Keynesian Economics, 2024, 12, (2), 220-238
3. The Inverted Yield Curve in a 3-Equation Model
   Eastern Economic Journal, 2024, 50, (2), 195-212
   See also Working Paper The inverted yield curve in a 3-equation model, Working Papers (2024) (2024)
4. The Logic of Capital: An Introduction to Marxist Economic Theory
   Review of Political Economy, 2024, 36, (1), 373-376

2023

5. Asset market closure and the neo-Pasinetti theorem
   Review of Keynesian Economics, 2023, 11, (1), 100–104
6. Shadow Banks and the Collateral Multiplier
   Eastern Economic Journal, 2023, 49, (2), 156-175
   See also Working Paper Shadow Banks and the Collateral Multiplier, UMASS Amherst Economics Working Papers (2021) (2021)

2022

7. Path dependence and stagnation in a classical growth model
   Cambridge Journal of Economics, 2022, 46, (1), 195-218 View citations (5)

2021

8. Notes on Covid-19, Potential GDP, and Hysteresis
   Review of Political Economy, 2021, 33, (3), 480-486 View citations (1)

2019

9. Combating hysteresis with output targeting
   Review of Keynesian Economics, 2019, 7, (1), 6-27 View citations (4)
   See also Working Paper Combating Hysteresis With Output Targeting, Working Papers (2017) (2017)

2018

10. Hysteresis in a Three-Equation Model
    Eastern Economic Journal, 2018, 44, (2), 305-322 View citations (3)
    See also Working Paper Hysteresis in a Three-Equation Model, Working Papers (2016) View citations (4) (2016)

2017

11. Profit-led growth and the stock market
    Review of Keynesian Economics, 2017, 5, (1), 61-77 View citations (7)

2016

12. Capitalists, Workers and Thomas Piketty's
    Review of Political Economy, 2016, 28, (2), 205-219
13. Rentier Consumption and Neoliberal Capitalism
    International Journal of Political Economy, 2016, 45, (3), 182-199 View citations (1)

2014

14. A fiscal paradox and post-Keynesian economics: a comment on Palley
    Review of Keynesian Economics, 2014, 2, (1), 108-115
15. Ben Fine and Alfredo Saad-Filho, eds. (with Marco Boffo), The Elgar Companion to Marxist Economics (Cheltenham, UK, and Northampton Mass.: Edward Elgar, 2012), pp. xiii, 419, $225 (hardcover), $55 (paper). ISBN: 978-1-84844-537-6
    Journal of the History of Economic Thought, 2014, 36, (3), 396-399

2013

16. Public debt, growth, and distribution
    Review of Keynesian Economics, 2013, 1, (1), 120-144 View citations (3)

2010

17. Discounting Nordhaus
    Review of Political Economy, 2010, 22, (4), 535-549 View citations (1)
    See also Working Paper Discounting Nordhaus, Working Papers (2008) (2008)

2008

18. Rethinking Fiscal Policy
    Challenge, 2008, 51, (6), 91-104
19. Tinbergen Rules the Taylor Rule
    Eastern Economic Journal, 2008, 34, (3), 293-309 View citations (2)
    See also Working Paper Tinbergen Rules the Taylor Rule, Economics Working Paper Archive (2006) View citations (2) (2006)

2007

20. CAPITALISTS, WORKERS AND SOCIAL SECURITY
    Metroeconomica, 2007, 58, (2), 244-268 View citations (4)
21. Crossing Hubbert's peak: Portfolio effects in a growth model with exhaustible resources
    Structural Change and Economic Dynamics, 2007, 18, (2), 212-230 View citations (4)

2006

22. Capitalists, workers, and the burden of debt
    Review of Political Economy, 2006, 18, (4), 449-467 View citations (3)
23. Comments on Cesaratto's 'Transition to fully funded pension schemes: a non-orthodox criticism'
    Cambridge Journal of Economics, 2006, 30, (6), 981-984 View citations (2)

2004

24. Social security in a Classical growth model
    Cambridge Journal of Economics, 2004, 28, (1), 1-20 View citations (22)
    See also Working Paper Social Security in a Classical Growth Model, SCEPA working paper series. (2001) View citations (1) (2001)

2002

25. Prefunding Is Still the Answer
    Challenge, 2002, 45, (3), 112-116
26. The Fossil Production Function in a Vintage Model
    Australian Economic Papers, 2002, 41, (1), 53-68 View citations (6)

2001

27. The Production Function and Productivity: Comment
    Journal of Economic Perspectives, 2001, 15, (3), 257-258 View citations (2)
28. Why We Should Fund Social Security Permanently
    Challenge, 2001, 44, (6), 78-92

2000

29. Can Rescheduling Explain the New Jersey Minimum Wage Studies?
    Eastern Economic Journal, 2000, 26, (3), 265-276 View citations (33)
    See also Working Paper Can Rescheduling Explain the New Jersey Minimum Wage Studies?, Macroeconomics (1999) View citations (3) (1999)
30. Notes on the New Endogenous Growth Theory A Review of Philippe Aghion and Peter Howitt, Endogenous Growth Theory (Cambridge, MA, 1998: The MIT Press)
    Metroeconomica, 2000, 51, (2), 182-190 View citations (1)
31. Technical Change and Profits: The Prisoner's Dilemma
    Review of Radical Political Economics, 2000, 32, (1), 104-118 View citations (1)

1999

32. Biased Technical Change and the Aggregate Production Function
    International Review of Applied Economics, 1999, 13, (2), 193-206 View citations (25)

1996

33. Debt and Taxes in a Marxian Growth Model
    Review of Radical Political Economics, 1996, 28, (3), 50-56 View citations (3)

1994

34. Three Models of the Falling Rate of Profit
    Review of Radical Political Economics, 1994, 26, (4), 55-75 View citations (3)

1992

35. Capital and Labor Productivity
    Review of Radical Political Economics, 1992, 24, (2), 45-50 View citations (1)

1991

36. Debt, Deficits, and the Distribution of Income
    Journal of Post Keynesian Economics, 1991, 13, (3), 351-365 View citations (5)
37. Wage-Profit Curves in U.S. Manufacturing
    Cambridge Journal of Economics, 1991, 15, (3), 271-86 View citations (5)

1988

38. The Two-Stage Decline in U.S. Nonfinancial Corporate Profitability, 1948-1986
    Review of Radical Political Economics, 1988, 20, (4), 1-22 View citations (12)

1987

39. A Balanced Budget Multiplier for Interest Payments
    Journal of Post Keynesian Economics, 1987, 9, (3), 424-439 View citations (1)
40. Is There Evidence for a Marginalist Demand for Labour?
    Cambridge Journal of Economics, 1987, 11, (4), 361-73 View citations (2)

1986

41. The Productivity Slowdown and the Elasticity of Demand for Labor
    The Review of Economics and Statistics, 1986, 68, (3), 532-36 View citations (1)

1985

42. International Comparisons of Productivity Growth: Verdoorn’s Law Revisited
    Journal of Post Keynesian Economics, 1985, 7, (4), 474-492 View citations (22)

Chapters

2010

1. The Classical Theory of Growth and Distribution
   Chapter 2 in Handbook of Alternative Theories of Economic Growth, 2010 View citations (4)

1993

2. Adam Smith and the New Economics of Effort
   Palgrave Macmillan View citations (1)

1992

3. Why is the Rate of Profit Still So Low?
   Palgrave Macmillan