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Details about Thomas I. Palley

Homepage:https://thomaspalley.com/
Workplace:Forum for Macroeconomics and Macroeconomic Policies, Hans Böckler Stiftung (Hans Böckler Foundation), (more information at EDIRC)

Access statistics for papers by Thomas I. Palley.

Last updated 2019-05-07. Update your information in the RePEc Author Service.

Short-id: ppa636


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Working Papers

2019

  1. Macroeconomics vs Modern Money Theory: Some unpleasant Keynesian arithmetic
    Working Papers, Post Keynesian Economics Society (PKES) Downloads
  2. The fracturing of globalization: Implications of economic resentments and geopolitical contradictions
    Working Papers, Post Keynesian Economics Society (PKES) Downloads

2018

  1. Government Spending and the Income-Expenditure Model: The Multiplier, Spending Composition, and Job Guarantee Programs
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  2. Re-theorizing the welfare state and the political economy of neoliberalism's war against it
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (2)
  3. Recovering Keynesian Phillips curve theory
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  4. The Evolution of money debate: functionalism versus chartalism, Schumpeterian dynamics, Gresham's fallacy, and how history constrains public finance
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  5. The economics of the super-multiplier
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  6. Three globalizations, not two: Rethinking the history and economics of trade and globalization
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
    See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2018)
  7. Unemployment and growth
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)

2017

  1. Monetary policy and the punch bowl - The case for quantitative policy and wage growth targeting
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
    See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2018)
  2. The fallacy of the globalization trilemma: reframing the political economy of globalization and implications for democracy
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  3. The general theory at 80: reflections on the history and enduring relevance of Keynes? economics
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads

2016

  1. A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy
    Economics Discussion Papers, Kiel Institute for the World Economy (IfW) Downloads View citations (1)
    See also Journal Article in Economics - The Open-Access, Open-Assessment E-Journal (2017)
  2. Inequality and Growth in Neo-Kaleckian and Cambridge Growth Theory
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
    See also Journal Article in Review of Keynesian Economics (2017)
  3. Why ZLB Economics and Negative Interest Rate Policy (NIRP) are wrong
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  4. Zero Lower Bound (ZLB) Economics
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (2)

2015

  1. Escaping stagnation and restoring shared prosperity: a macroeconomic policy framework for job-rich growth
    ILO Working Papers, International Labour Organization Downloads
  2. IThe US Economy: From Crisis to Stagnation
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  3. Inequality, the Financial Crisis and Stagnation: Competing Stories and Why They Matter
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (5)
  4. The Federal Reserve and Shared Prosperity: A Guide to the Policy Issues and Institutional Challenges
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads

2014

  1. Milton Friedmans economics and political economy: an old Keynesian critique
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  2. Rethinking wage vs. profit-led growth theory with implications for policy analysis
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (8)
  3. The middle class in macroeconomics and growth theory: A three class neo-Kaleckian ? Goodwin model
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (12)
    See also Journal Article in Cambridge Journal of Economics (2015)

2013

  1. Enriching the Neo-Kaleckian Growth Model: Nonlinearities, Political Economy, and Financial Factors
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (4)
  2. Europe´s crisis without end: The consequences of neoliberalism run amok
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (6)
  3. Gattopardo economics: The crisis and the mainstream response of change that keeps things the same
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (9)
    See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2013)
  4. Global imbalances and the Revised Bretton Woods hypothesis: Wrong before the crisis and wrong after
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  5. Horizontalists, verticalists, and structuralists: The theory of endogenous money reassessed
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (8)
    See also Journal Article in Review of Keynesian Economics (2013)
  6. Monetary policy in the liquidity trap and after: A reassessment of quantitative easing and critique of the Federal Reserve’s proposed exit strategy
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  7. Money, fiscal policy, and interest rates: A critique of Modern Monetary Theory
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (11)
    See also Journal Article in Review of Political Economy (2015)

2012

  1. A neo-Kaleckian - Goodwin model of capitalist economic growth: Monopoly power,managerial pay, labor market conflict, and endogenous technical progress
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  2. Keynesian, Classical and New Keynesian Approaches to Fiscal Policy: Comparison and Critique
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
    See also Journal Article in Review of Political Economy (2013)

2011

  1. Explaining Global Financial Imbalances: A Critique of the Saving Glut and Reserve Currency Hypotheses
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (3)
  2. Monetary Policy and Central Banking after the Crisis: The Implications of Rethinking Macroeconomic Theory
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (2)
  3. Monetary Union Stability: The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  4. Monetary Union Stability: The Need for a Government Banker and the Case for a European Public Finance Authority
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (21)
  5. Quantitative Easing: A Keynesian Critique
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (5)
  6. The Contradictions of Export-led Growth
    Economics Public Policy Brief Archive, Levy Economics Institute Downloads
  7. The Rise and Fall of Export-led Growth
    Economics Working Paper Archive, Levy Economics Institute Downloads View citations (9)

2010

  1. Managerial Pay (Cadrisme) and the Post Keynesian Growth Model
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  2. The Aggregate Demand, Aggregate Supply, and Endogenous Growth: A Synthetic neo-Kaleckian Model
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  3. The Simple Macroeconomics of Fiscal Austerity, Public Sector Debt and Deflation
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (5)
  4. The Troubling Economics and Politics of Paying Interest on Bank Reserves: A Critique of the Federal Reserve’s Exit Strategy
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (1)

2009

  1. A Theory of Minsky Super-Cycles and Financial Crises
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (4)
    See also Journal Article in Contributions to Political Economy (2011)
  2. After the Bust: The Outlook for Macroeconomics and Macroeconomic Policy
    Economics Public Policy Brief Archive, Levy Economics Institute Downloads View citations (6)
  3. America's exhausted paradigm: Macroeconomic causes of the financial crisis and great recession
    IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE) Downloads View citations (25)
  4. Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  5. Rethinking the Economics of Capital Mobility and Capital Controls
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (2)
    Also in IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2009) Downloads View citations (3)

    See also Journal Article in Brazilian Journal of Political Economy (2009)
  6. The Limits of Minsky’s Financial Instability Hypothesis as an Explanation of the Crisis
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (14)
  7. The Simple Analytics of Debt-Driven Business Cycles
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads
  8. WP 2009-1 Re-specifying the Keynesian Income-Expenditure Model to Properly Account for Imports: Implications for Fiscal Policy
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads

2008

  1. After the Bust: The Outlook for Macroeconomics & Macroeconomic Policy
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  2. Asset Price Bubbles and Monetary Policy: Why Central Banks Have Been Wrong and What Should Be Done
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (1)
  3. Endogenous Money: Implications for the Money Supply Process, Interest Rates, and Macroeconomics
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (6)
  4. Financialization: What it is and Why it Matters
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads View citations (55)
    Also in Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst (2007) Downloads View citations (30)
    Economics Working Paper Archive, Levy Economics Institute (2007) Downloads View citations (35)
  5. Keynesian Models of Deflation and Depression Revisited: Inside Debt and Price Flexibility
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (12)
  6. Macroeconomics without the LM: A Post-Keynesian Perspective
    IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
    Also in Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst (2008) Downloads
  7. The Backward Bending Phillips Curves: A Simple Model
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (2)
  8. The Relative Income Theory of Consumption: A Synthetic Keynes-Duesenberry-Friedman Model
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (4)

2007

  1. Globalization and the Changing Trade Debate: Suggestions for a New Agenda
    Economics Public Policy Brief Archive, Levy Economics Institute Downloads
  2. Monthly Report No. 3/2007
    wiiw Monthly Reports, The Vienna Institute for International Economic Studies, wiiw Downloads
  3. The Economics of Outsourcing: How Should Policy Respond?
    Economics Public Policy Brief Archive, Levy Economics Institute Downloads
    See also Journal Article in Review of Social Economy (2008)

2006

  1. Rethinking Trade and Trade Policy: Gomory, Baumol, and Samuelson on Comparative Advantage
    Economics Public Policy Brief Archive, Levy Economics Institute Downloads View citations (1)
  2. The Fallacy of the Revised Bretton Woods Hypothesis: Why TodayÕs International Financial System Is Unsustainable
    Economics Public Policy Brief Archive, Levy Economics Institute Downloads View citations (2)
  3. The Fallacy of the Revised Bretton Woods Hypothesis: Why Today’s System is Unsustainable and Suggestions for a Replacement
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (2)

2005

  1. External Contradictions of the Chinese Development Model: Export-led Growth and the Dangers of Global Economic Contraction
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads View citations (8)
  2. Social Attitudes, Labor Law, and Union Organizing: Toward A New Economics of Union Density
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst Downloads
    See also Journal Article in Journal of Economic Behavior & Organization (2007)

2001

  1. Contradictions Coming Home to Roost? Income Distribution and the Return of the Aggregate Demand Problem
    Macroeconomics, University Library of Munich, Germany Downloads
    Also in Economics Working Paper Archive, Levy Economics Institute Downloads
  2. The Role of Institutions and Policies in Creating High European
    Macroeconomics, University Library of Munich, Germany Downloads

1996

  1. The Saving-Investment Nexus: Why it Matters and How it Works
    SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization., Schwartz Center for Economic Policy Analysis (SCEPA), The New School Downloads View citations (3)

Undated

  1. The Role of Institutions and Policies in Creating High European Unemployment: The Evidence
    Economics Working Paper Archive, Levy Economics Institute Downloads View citations (7)

Journal Articles

2019

  1. The economics of negative interest rates
    Review of Keynesian Economics, 2019, 7, (2), 135-136 Downloads
  2. The economics of the super‐multiplier: A comprehensive treatment with labor markets
    Metroeconomica, 2019, 70, (2), 325-340 Downloads
  3. The fallacy of the natural rate of interest and zero lower bound economics: why negative interest rates may not remedy Keynesian unemployment
    Review of Keynesian Economics, 2019, 7, (2), 151-170 Downloads

2018

  1. Milton Friedman's presidential address at 50
    Review of Keynesian Economics, 2018, 6, (4), 419-420 Downloads
  2. Monetary policy and the punch bowl: the case for quantitative policy and wage growth targeting
    European Journal of Economics and Economic Policies: Intervention, 2018, 15, (1), 32-46 Downloads
    See also Working Paper (2017)
  3. Recovering Keynesian Phillips curve theory: hysteresis of ideas and the natural rate of unemployment
    Review of Keynesian Economics, 2018, 6, (4), 473-492 Downloads View citations (1)
  4. Three globalizations, not two: rethinking the history and economics of trade and globalization
    European Journal of Economics and Economic Policies: Intervention, 2018, 15, (2), 174-192 Downloads
    See also Working Paper (2018)

2017

  1. A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy
    Economics - The Open-Access, Open-Assessment E-Journal, 2017, 11, 1-18 Downloads View citations (1)
    See also Working Paper (2016)
  2. Inequality and growth in neo-Kaleckian and Cambridge growth theory
    Review of Keynesian Economics, 2017, 5, (2), 146-169 Downloads
    See also Working Paper (2016)
  3. L’élaboration des politiques économiques à l’origine des inégalités et de la stagnation: le dénialisme conventionnel et ses conséquences politiques préoccupantes
    Revue d'économie financière, 2017, N° 128, (4), 59-76 Downloads
  4. The theory of endogenous money and the LM schedule: prelude to a reconstruction of ISLM
    Brazilian Journal of Political Economy, 2017, 37, (1) Downloads View citations (1)
  5. Trump’s Neocon Neoliberalism Camouflaged with Anti-Globalization Circus
    Challenge, 2017, 60, (4), 368-374 Downloads
  6. Wage- vs. profit-led growth: the role of the distribution of wages in determining regime character
    Cambridge Journal of Economics, 2017, 41, (1), 49-61 Downloads View citations (6)

2016

  1. Book review: Dimand, Robert W. (2014): James Tobin, Basingstoke, UK (197 pages, hardcover, Palgrave Macmillan, ISBN 978-14039-8555-2)
    European Journal of Economics and Economic Policies: Intervention, 2016, 13, (3), 378-380 Downloads
  2. Desigualdad, crisis financiera y estancamiento: historias alternativas y por qué importan
    Revista de Economía Institucional, 2016, 18, (34), 45-68 Downloads
  3. The relevance of Keynes's General Theory after 80 years
    Review of Keynesian Economics, 2016, 4, (1), 1-3 Downloads

2015

  1. Monetary Policy at the Zero Lower Bound and After: A Reassessment of Quantitative Easing and Critique of the Federal Reserve's Proposed Exit Strategy
    Metroeconomica, 2015, 66, (1), 1-27 Downloads View citations (2)
  2. Money, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary Theory
    Review of Political Economy, 2015, 27, (1), 1-23 Downloads
    See also Working Paper (2013)
  3. Symposium introduction: Global Crisis and the Need for Paradigm Change
    Review of Keynesian Economics, 2015, 3, (1), 1-1 Downloads
  4. The Critics of Modern Money Theory (MMT) are Right
    Review of Political Economy, 2015, 27, (1), 45-61 Downloads View citations (2)
  5. The middle class in macroeconomics and growth theory: a three-class neo-Kaleckian–Goodwin model
    Cambridge Journal of Economics, 2015, 39, (1), 221-243 Downloads View citations (8)
    See also Working Paper (2014)
  6. The theory of global imbalances: mainstream economics vs structural Keynesianism
    Review of Keynesian Economics, 2015, 3, (1), 45-62 Downloads View citations (1)

2014

  1. A fiscal paradox and post-Keynesian economics: a response
    Review of Keynesian Economics, 2014, 2, (1), 116-117 Downloads
  2. A neo-Kaleckian–Goodwin model of capitalist economic growth: monopoly power, managerial pay and labour market conflict
    Cambridge Journal of Economics, 2014, 38, (6), 1355-1372 Downloads View citations (7)
  3. Aggregate demand, endogenous money, and debt: a Keynesian critique of Keen and an alternative theoretical framework
    Review of Keynesian Economics, 2014, 2, (3), 312-320 Downloads View citations (2)
  4. Global imbalances: benign by-product of global development or toxic consequence of corporate globalization?
    European Journal of Economics and Economic Policies: Intervention, 2014, 11, (3), 250-268 Downloads
  5. Time scales and mechanisms of economic cycles: a review of theories of long waves
    Review of Keynesian Economics, 2014, 2, (1), 87-107 Downloads View citations (11)

2013

  1. A K aldor– H icks– G oodwin– T obin– K alecki model of growth and distribution
    Metroeconomica, 2013, 64, (2), 319-345 Downloads View citations (12)
  2. Cambridge and neo-Kaleckian growth and distribution theory: comparison with an application to fiscal policy
    Review of Keynesian Economics, 2013, 1, (1), 79-104 Downloads View citations (6)
  3. Europe's Crisis without End: The Consequences of Neoliberalism
    Contributions to Political Economy, 2013, 32, (1), 29-50 Downloads View citations (1)
  4. Gattopardo economics: the crisis and the mainstream response of change that keeps things the same
    European Journal of Economics and Economic Policies: Intervention, 2013, 10, (2), 193-206 Downloads View citations (12)
    See also Working Paper (2013)
  5. Horizontalists, verticalists, and structuralists: the theory of endogenous money reassessed
    Review of Keynesian Economics, 2013, 1, (4), 406—424 Downloads View citations (11)
    See also Working Paper (2013)
  6. Keynesian, Classical and New Keynesian Approaches to Fiscal Policy: Comparison and Critique
    Review of Political Economy, 2013, 25, (2), 179-204 Downloads
    See also Working Paper (2012)

2012

  1. GROWTH, UNEMPLOYMENT AND ENDOGENOUS TECHNICAL PROGRESS: A HICKSIAN RESOLUTION OF HARROD'S KNIFE-EDGE
    Metroeconomica, 2012, 63, (3), 512-541 Downloads View citations (6)
  2. Statement of the Co-Editors. Economics and the economic crisis: the case for change
    Review of Keynesian Economics, 2012, 1, (1), 1-4 Downloads View citations (1)
  3. The economics of the Phillips curve: Formation of inflation expectations versus incorporation of inflation expectations
    Structural Change and Economic Dynamics, 2012, 23, (3), 221-230 Downloads View citations (4)
  4. The simple macroeconomics of fiscal austerity: Public debt,deficits and deficit caps
    European Journal of Economics and Economic Policies: Intervention, 2012, 9, (1), 91-108 Downloads View citations (2)
  5. Wealth and wealth distribution in the neo-Kaleckian growth model
    Journal of Post Keynesian Economics, 2012, 34, (3), 453-474 Downloads View citations (20)

2011

  1. A Theory of Minsky Super-cycles and Financial Crises *
    Contributions to Political Economy, 2011, 30, (1), 31-46 Downloads View citations (14)
    See also Working Paper (2009)
  2. America’s flawed paradigm: macroeconomic causes of the financial crisis and great recession
    Empirica, 2011, 38, (1), 3-17 Downloads View citations (10)
  3. Budget Deficit Alarmism Is Sabotaging Growth
    Challenge, 2011, 54, (1), 6-31 Downloads
  4. Inside Debt and the Stability of Inflation
    Eastern Economic Journal, 2011, 37, (4), 488-507 Downloads View citations (2)
  5. Stabilität in der Währungsunion: Plädoyer für eine Staatsbank und eine Europäische Finanzagentur
    WSI-Mitteilungen, 2011, 64, (6), 297-303 Downloads
  6. The European Monetary Union Needs a Government Banker
    Challenge, 2011, 54, (4), 5-21 Downloads View citations (1)

2010

  1. Asset price bubbles and counter-cyclical monetary policy: Why central banks have been wrong and what should be done
    European Journal of Economics and Economic Policies: Intervention, 2010, 7, (1), 91-107 Downloads View citations (10)
  2. The Politics of Paying Interest on Bank Reserves
    Challenge, 2010, 53, (3), 49-65 Downloads View citations (1)
  3. The Relative Permanent Income Theory of Consumption: A Synthetic Keynes-Duesenberry-Friedman Model
    Review of Political Economy, 2010, 22, (1), 41-56 Downloads View citations (21)
  4. The economies of deleveraging: The aftermath of financialization
    European Journal of Economics and Economic Policies: Intervention, 2010, 7, (2), 401-413 Downloads View citations (1)

2009

  1. Imports and the income-expenditure model: implications for fiscal policy and recession fighting
    Journal of Post Keynesian Economics, 2009, 32, (2), 311-322 Downloads View citations (9)
  2. La macroeconomía de la ‘financiarización’: un enfoque de etapas del desarrollo
    EKONOMIAZ. Revista vasca de Economía, 2009, 72, (03), 34-53 Downloads
  3. Rethinking the economics of capital mobility and capital controls
    Brazilian Journal of Political Economy, 2009, 29, (3) Downloads View citations (4)
    See also Working Paper (2009)
  4. The Macroeconomics of Financialization: A Stages of Development Approach
    EKONOMIAZ. Revista vasca de Economía, 2009, 72, (03), 34-53 Downloads

2008

  1. Institutionalism and New Trade Theory: Rethinking Comparative Advantage and Trade Policy
    Journal of Economic Issues, 2008, 42, (1), 195-208 Downloads
  2. Keynesian models of deflation and depression revisited
    Journal of Economic Behavior & Organization, 2008, 68, (1), 167-177 Downloads View citations (18)
  3. The Economics of Outsourcing: How Should Policy Respond?
    Review of Social Economy, 2008, 66, (3), 279-295 Downloads View citations (3)
    See also Working Paper (2007)
  4. The U. S. Economy After Bush
    Challenge, 2008, 51, (6), 26-37 Downloads

2007

  1. Asset-based Reserve Requirements: A Response
    Review of Political Economy, 2007, 19, (4), 575-578 Downloads View citations (16)
  2. Macroeconomics and monetary policy: competing theoretical frameworks
    Journal of Post Keynesian Economics, 2007, 30, (1), 61-78 Downloads View citations (19)
  3. Seeking Full Employment Again
    Challenge, 2007, 50, (6), 14-50 Downloads View citations (1)
  4. Social attitudes, labor law, and union organizing: Toward a new economics of union density
    Journal of Economic Behavior & Organization, 2007, 62, (2), 237-254 Downloads View citations (1)
    See also Working Paper (2005)
  5. The Fallacy of the Revised Bretton Woods Hypothesis: Why Today's Global Financial System Is Unsustainable and Suggestions for a Replacement
    International Journal of Political Economy, 2007, 36, (4), 36-52 Downloads View citations (2)

2006

  1. Currency Unions, the Phillips Curve, and Stabilization Policy: Some Suggestions for Europe
    European Journal of Economics and Economic Policies: Intervention, 2006, 3, (2), 351-369 Downloads View citations (2)
  2. Great Controversies: Developing the Domestic Market
    Challenge, 2006, 49, (6), 20-34 Downloads

2005

  1. Labour standards, democracy and wages: some cross-country evidence
    Journal of International Development, 2005, 17, (7), 883-898 Downloads View citations (7)
  2. Soros on International Capital Markets and Developing Economies: Multiple Equilibria and the Role of Policy
    Eastern Economic Journal, 2005, 31, (3), 407-419 Downloads
  3. The Questionable Legacy of Alan Greenspan
    Challenge, 2005, 48, (6), 17-31 Downloads View citations (9)

2004

  1. Asset-based reserve requirements: reasserting domestic monetary control in an era of financial innovation and instability
    Review of Political Economy, 2004, 16, (1), 43-58 Downloads View citations (32)
  2. Escaping the debt constraint on growth: a suggested monetary policy for Brazil
    Brazilian Journal of Political Economy, 2004, 24, (1) Downloads View citations (1)
  3. Oil and the Case of Iraq
    Challenge, 2004, 47, (3), 94-112 Downloads View citations (7)
  4. The economic case for international labour standards
    Cambridge Journal of Economics, 2004, 28, (1), 21-36 View citations (15)

2003

  1. After Cancún: An Optimistic Case
    Challenge, 2003, 46, (6), 16-31 Downloads
  2. Asset Price Bubbles and the Case for Asset-Based Reserve Requirements
    Challenge, 2003, 46, (3), 53-72 Downloads View citations (15)
  3. Pitfalls in the Theory of Growth: An application to the balance of payments constrained growth model
    Review of Political Economy, 2003, 15, (1), 75-84 Downloads View citations (11)
    See also Chapter (2002)
  4. The Backward--Bending Phillips Curve And The Minimum Unemployment Rate Of Inflation: Wage Adjustment With Opportunistic Firms
    Manchester School, 2003, 71, (1), 35-50 Downloads View citations (4)
  5. The Case Against Prefunding Social Security with Equities
    Challenge, 2003, 46, (1), 123-129 Downloads
  6. The Economics of Exchange Rates and the Dollarization Debate: The Case Against Extremes
    International Journal of Political Economy, 2003, 33, (1), 61-82 Downloads View citations (9)

2002

  1. Economic contradictions coming home to roost? Does the U.S. economy face a long-term aggregate demand generation problem?
    Journal of Post Keynesian Economics, 2002, 25, (1), 9-32 Downloads View citations (46)
  2. Endogenous Money: What it is and Why it Matters
    Metroeconomica, 2002, 53, (2), 152-180 Downloads View citations (19)
  3. Financial institutions and the Cambridge theory of distribution
    Cambridge Journal of Economics, 2002, 26, (2), 275-277 View citations (1)
  4. Social Security: Prefunding Is Not the Answer!
    Challenge, 2002, 45, (2), 97-118 Downloads View citations (1)
  5. The Child Labor Problem and the Need for International Labor Standards
    Journal of Economic Issues, 2002, 36, (3), 601-615 Downloads View citations (7)

2001

  1. Destabilizing Speculation and the Case for an International Currency Transactions Tax
    Challenge, 2001, 44, (3), 70-89 Downloads View citations (5)
  2. Labor Markets and Unemployment: The Targets and Instruments Framework
    Eastern Economic Journal, 2001, 27, (1), 83-84 Downloads
  3. The Case Against Budget Surpluses
    Challenge, 2001, 44, (6), 13-27 Downloads View citations (1)
  4. The E-Money Revolution: Challenges and Implications for Monetary Policy
    Journal of Post Keynesian Economics, 2001, 24, (2), 217-233 Downloads View citations (4)
  5. The Stock Market and Investment: Another Look at the Micro-foundations of q Theory
    Cambridge Journal of Economics, 2001, 25, (5), 657-67 View citations (10)

2000

  1. Life Expectancy and Social Security: Why Longevity Indexing the Payroll Tax Rate Makes Good Economic Sense
    Journal of Post Keynesian Economics, 2000, 22, (3), 507-514 Downloads
  2. The Case for Positive Low Inflation: Some Financial Market Considerations with Special Attention to the Problems of Japan
    Eastern Economic Journal, 2000, 26, (3), 277-295 Downloads View citations (3)
  3. The Mainstream Was Surprised
    Challenge, 2000, 43, (4), 22-42 Downloads

1999

  1. Conflict, Distribution, and Finance in Alternative Macroeconomic Traditions
    Review of Radical Political Economics, 1999, 31, (4), 102-132 Downloads
  2. Created Unequal: The Crisis in American Pay by James Galbraith
    Challenge, 1999, 42, (2), 130-135 Downloads
  3. End of the Expansion: Soft Landing, Hard Landing, or Even Crash?
    Challenge, 1999, 42, (6), 6-25 Downloads View citations (1)
  4. General disequilibrium analysis with inside debt
    Journal of Macroeconomics, 1999, 21, (4), 785-803 Downloads View citations (7)
  5. Speculation and Tobin taxes: Why sand in the wheels can increase economic efficiency
    Journal of Economics, 1999, 69, (2), 113-126 Downloads View citations (33)
  6. The U.S. Inflation Process: Does Nominal Wage Inflation Cause Price Inflation, Vice-versa, or Neither?
    Review of Radical Political Economics, 1999, 31, (3), 12-19 Downloads View citations (1)

1998

  1. Accommodationism, Structuralism, and Superstructuralism
    Journal of Post Keynesian Economics, 1998, 21, (1), 171-173 Downloads View citations (3)
  2. Book Reviews
    Review of Social Economy, 1998, 56, (4), 546-550 Downloads
  3. Building Prosperity from the Bottom Up
    Challenge, 1998, 41, (5), 59-71 Downloads
  4. Macroeconomics with Conflict and Income Distribution
    Review of Political Economy, 1998, 10, (3), 329-342 Downloads View citations (5)
  5. Restoring Prosperity: Why the U.S. Model Is Not the Answer for the United States or Europe
    Journal of Post Keynesian Economics, 1998, 20, (3), 337-353 Downloads View citations (9)
  6. The Economics of Social Security: An Old Keynesian Perspective
    Journal of Post Keynesian Economics, 1998, 21, (1), 93-110 Downloads View citations (5)
  7. The Twin Circuits: Aggregate Demand and the Expenditure Multiplier in a Monetary Economy
    Review of Radical Political Economics, 1998, 30, (3), 91-101 Downloads View citations (1)
  8. Walras' Law and Keynesian Macroeconomics
    Australian Economic Papers, 1998, 37, (3), 330-40 Downloads View citations (3)
  9. Zero Is Not the Optimal Rate of Inflation
    Challenge, 1998, 41, (1), 7-18 Downloads View citations (1)

1997

  1. Aggregate Demand and Endogenous Growth: a Generalized Keynes-Kaldor Model of Economic Growth
    Metroeconomica, 1997, 48, (2), 161-176 Downloads View citations (13)
  2. Does Inflation Grease the Wheels of Adjustment? New evidence from the US economy
    International Review of Applied Economics, 1997, 11, (3), 387-398 Downloads View citations (1)
  3. Endogenous money and the business cycle
    Journal of Economics, 1997, 65, (2), 133-149 Downloads View citations (6)
  4. European Monetary Union: an old Keynesian guide to issues
    BNL Quarterly Review, 1997, 50, (201), 147-164 Downloads View citations (1)
    Also in Banca Nazionale del Lavoro Quarterly Review, 1997, 50, (201), 147-164 (1997) Downloads
  5. Expected Aggregate Demand, the Production Period and the Keynesian Theory of Aggregate Supply
    The Manchester School of Economic & Social Studies, 1997, 65, (3), 295-309 View citations (7)
  6. Keynesian Theory and AS/AD Analysis
    Eastern Economic Journal, 1997, 23, (4), 459-468 Downloads
  7. Kinked Demand Curve Theory and the Micro Foundations of Keynesian Involuntary Unemployment
    Australian Economic Papers, 1997, 36, (69), 351-61
  8. Managerial turnover and the theory of short-termism
    Journal of Economic Behavior & Organization, 1997, 32, (4), 547-557 Downloads View citations (36)
  9. Money, Fiscal Policy and the Cambridge Theorem
    Cambridge Journal of Economics, 1997, 21, (5), 633-39 View citations (1)
  10. Optimal monetary policy in the presence of a monetarist transmission mechanism
    Economics Letters, 1997, 55, (1), 109-114 Downloads View citations (3)
  11. The Academic Jungle: Social Practice and the Survival of Economic Ideas
    Review of Radical Political Economics, 1997, 29, (3), 22-33 Downloads View citations (3)
  12. The Sorry Politics of the Balanced Budget
    Challenge, 1997, 40, (3), 5-13 Downloads

1996

  1. Accommodationism versus Structuralism: Time for an Accommodation
    Journal of Post Keynesian Economics, 1996, 18, (4), 585-594 Downloads View citations (27)
  2. Growth Theory in a Keynesian Mode: Some Keynesian Foundations for New Endogenous Growth Theory
    Journal of Post Keynesian Economics, 1996, 19, (1), 113-135 Downloads View citations (18)
  3. Inside Debt, Aggregate Demand, and the Cambridge Theory of Distribution
    Cambridge Journal of Economics, 1996, 20, (4), 465-74 View citations (7)
  4. Old Wine for New Bottles: Putting Old Growth Theory Back in the New
    Australian Economic Papers, 1996, 35, (67), 250-62
  5. Out of the Closet: The Political Economy of Neo-classical Distribution Theory
    Review of Radical Political Economics, 1996, 28, (3), 57-67 Downloads

1995

  1. Labor Markets, Unemployment, and Minimum Wages: A New View
    Eastern Economic Journal, 1995, 21, (3), 319-326 Downloads View citations (1)
  2. Safety in numbers: A model of managerial herd behavior
    Journal of Economic Behavior & Organization, 1995, 28, (3), 443-450 Downloads View citations (11)
  3. The demand for money and non-GDP transactions
    Economics Letters, 1995, 48, (2), 145-154 Downloads View citations (4)

1994

  1. COMPETING VIEWS OF THE MONEY SUPPLY PROCESS: THEORY AND EVIDENCE
    Metroeconomica, 1994, 45, (1), 67-88 Downloads View citations (24)
  2. Capital Mobility and the Threat to American Prosperity
    Challenge, 1994, 37, (6), 31-39 Downloads View citations (1)
  3. Debt, Aggregate Demand, and The Business Cycle: an Analysis in the Spirit of Kaldor and Minsky
    Journal of Post Keynesian Economics, 1994, 16, (3), 371-390 Downloads View citations (75)
  4. Escalators and Elevators: A Phillips Curve for Keynesians
    Scandinavian Journal of Economics, 1994, 96, (1), 111-16 View citations (9)
  5. The fair wage-effort hypothesis: Implications for the distribution of income and dual labor markets
    Journal of Economic Behavior & Organization, 1994, 24, (2), 195-205 Downloads View citations (3)

1993

  1. Milton Friedman and the Monetarist Counter-Revolution: A Re-appraisal
    Eastern Economic Journal, 1993, 19, (1), 71-81 Downloads View citations (1)
  2. Uncertainty, Expectations, and The Future: If We Don’t Know the Answers, What Are the Questions?
    Journal of Post Keynesian Economics, 1993, 16, (1), 3-18 Downloads View citations (7)
  3. Under-Consumption and the Accumulation Motive
    Review of Radical Political Economics, 1993, 25, (1), 71-86 Downloads View citations (3)

1992

  1. Sectoral Shifts and Cyclical Unemployment: A Reconsideration
    Economic Inquiry, 1992, 30, (1), 117-33 View citations (12)

1991

  1. Money, Credit, and Prices in a Kaldorian Macro Model
    Journal of Post Keynesian Economics, 1991, 14, (2), 183-203 Downloads View citations (1)
  2. The Endogenous Money Supply: Consensus and Disagreement
    Journal of Post Keynesian Economics, 1991, 13, (3), 397-403 Downloads View citations (10)

1990

  1. A Theory of Downward Wage Rigidity: Job Commitment Costs, Replacement Costs, and Tacit Coordination
    Journal of Post Keynesian Economics, 1990, 12, (3), 466-486 Downloads View citations (6)

1987

  1. Bank Lending, Discount Window Borrowing, and the Endogenous Money Supply: A Theoretical Framework
    Journal of Post Keynesian Economics, 1987, 10, (2), 282-303 Downloads View citations (5)

Books

2013

  1. From Financial Crisis to Stagnation
    Cambridge Books, Cambridge University Press View citations (21)
    Also in Cambridge Books, Cambridge University Press (2012) View citations (3)

Chapters

2010

  1. Inside Debt and Economic Growth: A Neo-Kaleckian Analysis
    Chapter 14 in Handbook of Alternative Theories of Economic Growth, 2010 Downloads View citations (5)

2007

  1. Monetary Policy in an Endogenous Money Economy
    Chapter 15 in A Handbook of Alternative Monetary Economics, 2007 Downloads View citations (2)

2002

  1. Keynesian Macroeconomics and the Theory of Economic Growth: Putting Aggregate Demand Back in the Picture
    Chapter 2 in The Economics of Demand-Led Growth, 2002 Downloads
  2. Pitfalls in the Theory of Growth: An Application to the Balance-of-Payments-Constrained Growth Model
    Chapter 7 in The Economics of Demand-Led Growth, 2002 Downloads View citations (4)
    See also Journal Article in Review of Political Economy (2003)

Editor

  1. Review of Keynesian Economics
    Edward Elgar Publishing
 
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