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Details about Mark Setterfield

Homepage:https://www.newschool.edu/nssr/faculty/Mark-Setterfield/
Phone:212-229-5717 x3047
Postal address:Department of Economics New School for Social Research 6 East 16th Street New York, NY 10003 USA
Workplace:Department of Economics, New School for Social Research, The New School, (more information at EDIRC)

Access statistics for papers by Mark Setterfield.

Last updated 2024-03-06. Update your information in the RePEc Author Service.

Short-id: pse237


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Working Papers

2024

  1. Managing the Discontent of the Losers Redux: A Future of Authoritarian Neoliberalism or Social Capitalism?
    Working Papers, New School for Social Research, Department of Economics Downloads
  2. The Kalecki-Robinson Tradition in Post-Keynesian Growth Theory
    Working Papers, New School for Social Research, Department of Economics Downloads

2023

  1. Achieving two policy targets with one policy instrument: heterogeneous expectations, countercyclical fiscal policy, and macroeconomic stabilization at the effective lower bound
    Working Papers, Department of Economics, University of São Paulo (FEA-USP) Downloads
    Also in FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2023) Downloads
    Working Papers, New School for Social Research, Department of Economics (2023) Downloads
  2. Post-Keynesian growth theory and the supply side: a feminist-structuralist approach
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
  3. Will hysteresis effects afflict the US economy during the post-COVID recovery?
    Working Papers, New School for Social Research, Department of Economics Downloads

2022

  1. Harrodians and Kaleckians: a suggested reconciliation and synthesis
    Working Papers, New School for Social Research, Department of Economics Downloads
  2. Historical Time and the Current State of Post-Keynesian Growth Theory
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
  3. How Financially Fragile can Households Become? Household Borrowing, the Welfare State, and Macroeconomic Resilienc
    Working Papers, University of Massachusetts Boston, Economics Department Downloads
    Also in Working Papers, New School for Social Research, Department of Economics (2022) Downloads
  4. Inflation and distribution during the post-COVID recovery
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  5. Inflation and distribution during the post-COVID recovery: a Kaleckian approach
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
    See also Journal Article Inflation and distribution during the post-COVID recovery: a Kaleckian approach, Journal of Post Keynesian Economics, Taylor & Francis Journals (2023) Downloads View citations (3) (2023)
  6. Is capacity utilization variable in the long run? An agent-based sectoral approach to modeling hysteresis in the normal rate of capacity utilization
    Post-Print, HAL
    Also in CEPN Working Papers, HAL (2020) Downloads
    Working Papers, HAL (2020) Downloads
    Working Papers, New School for Social Research, Department of Economics (2021) Downloads
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2020) Downloads

    See also Journal Article Is capacity utilization variable in the long run? An agent-based sectoral approach to modeling hysteresis in the normal rate of capacity utilization, Structural Change and Economic Dynamics, Elsevier (2022) Downloads View citations (1) (2022)
  7. Structural change in the US Phillips curve, 1948-2021: the role of power and institutions
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (3)
    Also in Working Papers, Post Keynesian Economics Society (PKES) (2022) Downloads View citations (1)
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2022) Downloads View citations (3)

2021

  1. Contemporary Macroeconomic Outcomes: A Tragedy in Three Acts
    Working Papers, New School for Social Research, Department of Economics Downloads
  2. Neoliberalism: An entrenched but exhausted growth regime
    Working Papers, New School for Social Research, Department of Economics Downloads
    See also Journal Article Neoliberalism: An Entrenched but Exhausted Growth Regime, Ensayos Económicos, Central Bank of Argentina, Economic Research Department (2022) Downloads (2022)
  3. The network origins of aggregate Fluctuations: A demand-side approach
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
    Also in Working Papers, New School for Social Research, Department of Economics (2021) Downloads

    See also Journal Article The network origins of aggregate fluctuations: A demand-side approach, Structural Change and Economic Dynamics, Elsevier (2023) Downloads View citations (1) (2023)
  4. Whatever happened to the 'Goodwin pattern'?
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  5. Whatever happened to the 'Goodwin pattern'? Profit Squeeze Dynamics in the Modern American Labour market
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (6)
    See also Journal Article Whatever Happened to the ‘Goodwin Pattern’? Profit Squeeze Dynamics in the Modern American Labour Market, Review of Political Economy, Taylor & Francis Journals (2023) Downloads View citations (1) (2023)

2020

  1. Editorial to the special issue: The monetary economics of Basil J. Moore
    Working Papers, New School for Social Research, Department of Economics Downloads
  2. On Multi-Sector and Multi-Technique Models, Production Functions and Goodwin Cycles: A Reply to Libman
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
    See also Journal Article On multi-sector and multi-technique models, production functions and Goodwin cycles: a reply to Libman, European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing (2020) Downloads View citations (1) (2020)
  3. Political Aspects of ´Buffer Stock`Employment: A Reconsideration
    FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute Downloads
  4. Political Aspects of ‘Buffer Stock’ Employment: A Reconsideration
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)

2019

  1. Hysteresis in the normal rate of capacity utilization: a behavioural explanation
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (6)
    See also Journal Article Hysteresis in the normal rate of capacity utilization: A behavioral explanation, Metroeconomica, Wiley Blackwell (2020) Downloads View citations (8) (2020)
  2. Tolerable ranges of variation in the rate of capacity utilization and corridor instability: a reply to Florian Botte
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)

2018

  1. Managing the Discontent of the Losers
    Working Papers, New School for Social Research, Department of Economics Downloads
    See also Journal Article Managing the discontent of the losers, Review of Social Economy, Taylor & Francis Journals (2020) Downloads View citations (4) (2020)
  2. Varieties of Capitalism, Increasing Income Inequality, and the Sustainability of Long-Run Growth
    Working Papers, New School for Social Research, Department of Economics Downloads
    Also in Working Papers, University of Massachusetts Boston, Economics Department (2018) Downloads

    See also Journal Article Varieties of capitalism, increasing income inequality and the sustainability of long-run growth, Cambridge Journal of Economics, Cambridge Political Economy Society (2020) Downloads View citations (11) (2020)

2017

  1. Is the balance of payments constrained growth rate time-varying? Exchange rate over valuation, policy-induced recessions, deindustrialization, and long run growth
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
  2. Long-run variation in capacity utilization in the presence of a fixed normal rate
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (4)
    See also Journal Article Long-run variation in capacity utilization in the presence of a fixed normal rate, Cambridge Journal of Economics, Cambridge Political Economy Society (2019) Downloads View citations (16) (2019)
  3. Modern (American) Capitalism: A Three Act Tragedy
    Working Papers, New School for Social Research, Department of Economics Downloads
  4. Nominal exchange rate shocks and inflation in an open economy: towards a structuralist inflation targeting agenda
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (2)
    See also Journal Article Nominal exchange rate shocks and inflation in an open economy: towards a structuralist inflation targeting agenda, Cambridge Journal of Economics, Cambridge Political Economy Society (2020) Downloads View citations (11) (2020)
  5. Political Aspects of Household Debt
    Working Papers, Department of Economics, University of São Paulo (FEA-USP) Downloads View citations (4)
    Also in Working Papers, New School for Social Research, Department of Economics (2017) Downloads View citations (4)
    Working Papers, University of Massachusetts Boston, Economics Department (2017) Downloads View citations (4)
  6. The Great Deception: The 'Science' of Monetary Policy and the Great Moderation Revisited
    Working Papers, Department of Economics, University of São Paulo (FEA-USP) Downloads
    Also in Working Papers, New School for Social Research, Department of Economics (2017) Downloads
  7. Time variation in the size of the multiplier: a Kalecki-Harrod approach
    Working Papers, New School for Social Research, Department of Economics Downloads

2016

  1. Expectations and Stability in the Kaleckian Growth Model
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
  2. Household Borrowing and the Possibility of Consumption- Driven, Profit-Led Growth
    Working Papers Series, Institute for New Economic Thinking Downloads
    Also in Working Papers, New School for Social Research, Department of Economics (2016) Downloads

    See also Journal Article Household borrowing and the possibility of 'consumption-driven, profit-led growth', Review of Keynesian Economics, Edward Elgar Publishing (2017) Downloads View citations (9) (2017)
  3. Household Borrowing and the Possibility of ``Consumption-Driven, Profit-Led Growth’’
    Working Papers, University of Massachusetts Boston, Economics Department Downloads
  4. Inflation Targeting and Macroeconomic Stability with Heterogeneous Inflation Expectations
    Working Papers, Department of Economics, University of São Paulo (FEA-USP) Downloads View citations (1)
    See also Journal Article Inflation Targeting and Macroeconomic Stability with Heterogeneous Inflation Expectations, Journal of Post Keynesian Economics, Taylor & Francis Journals (2014) Downloads View citations (8) (2014)
  5. Won’t Get Fooled Again – Or Will We? Monetary Policy, Model Uncertainty, and ‘Policy Model Complacency’
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (3)

2015

  1. A Simple Analytical Model of the Adverse Real Effects of Inflation
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (4)
    See also Journal Article A simple analytical model of the adverse real effects of inflation, Journal of Post Keynesian Economics, Taylor & Francis Journals (2015) Downloads View citations (4) (2015)
  2. Debt Servicing, Aggregate Consumption, and Growth
    Working Papers Series, Institute for New Economic Thinking Downloads
    Also in Working Papers, Trinity College, Department of Economics (2013) Downloads View citations (7)

    See also Journal Article Debt servicing, aggregate consumption, and growth, Structural Change and Economic Dynamics, Elsevier (2016) Downloads View citations (33) (2016)
  3. Heterodox economics, social ontology, and the use of mathematics
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
  4. Inequality, Debt Servicing, and the Sustainability of Steady State Growth
    Working Papers Series, Institute for New Economic Thinking Downloads View citations (1)
    Also in Working Papers, New School for Social Research, Department of Economics (2014) Downloads View citations (2)
    Working Papers, University of Massachusetts Boston, Economics Department (2014) Downloads View citations (2)

    See also Journal Article Inequality, Debt Servicing and the Sustainability of Steady State Growth, Review of Political Economy, Taylor & Francis Journals (2016) Downloads View citations (24) (2016)
  5. Intermediation, Money Creation, and Keynesian Macrodynamics in Multi-agent Systems
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
    See also Journal Article Intermediation, Money Creation, and Keynesian Macrodynamics in Multi-agent Systems, Review of Political Economy, Taylor & Francis Journals (2018) Downloads (2018)
  6. Is there scientific progress in macroeconomics? The case of the NAIRU
    Working Papers, New School for Social Research, Department of Economics Downloads
    See also Journal Article Is there scientific progress in macroeconomics? The case of the NAIRU, European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing (2020) Downloads View citations (4) (2020)
  7. Path Dependency
    Working Papers, New School for Social Research, Department of Economics Downloads
  8. Real and financial crises in the Keynes-Kalecki structuralist model: An agent-based approach
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (3)

2014

  1. Aggregate structural macroeconomic analysis: a reconsideration and defence
    Working Papers, Davidson College, Department of Economics Downloads View citations (1)
    See also Journal Article Aggregate structural macroeconomic analysis: a reconsideration and defence, Cambridge Journal of Economics, Cambridge Political Economy Society (2014) Downloads View citations (3) (2014)
  2. An essay on horizontalism, structuralism and historical time
    Working Papers, Trinity College, Department of Economics Downloads View citations (1)
  3. Economic Growth and Development
    Working Papers, Trinity College, Department of Economics Downloads
  4. Firm performance, macroeconomic conditions, and “animal spirits” in a Post Keynesian model of aggregate fluctuations
    Working Papers, Davidson College, Department of Economics Downloads View citations (2)
    See also Journal Article Firm performance, macroeconomic conditions, and “animal spirits” in a Post Keynesian model of aggregate fluctuations, Journal of Post Keynesian Economics, Taylor & Francis Journals (2015) Downloads View citations (8) (2015)
  5. Multi-Agent Systems as a Tool for Analyzing Path-Dependent Macrodynamics
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (1)
    Also in Working Papers, Davidson College, Department of Economics (2014) Downloads View citations (1)

    See also Journal Article Multi-agent systems as a tool for analyzing path-dependent macrodynamics, Structural Change and Economic Dynamics, Elsevier (2016) Downloads View citations (3) (2016)
  6. Real and financial crises: A multi-agent approach
    Working Papers, Trinity College, Department of Economics Downloads
  7. Rising Income Inequality, Increased Household Indebtedness, and Post Keynesian Macrodynamics
    Working Papers, New School for Social Research, Department of Economics Downloads View citations (3)

2013

  1. A Theory of Aggregate Consumption
    Working Papers, Trinity College, Department of Economics Downloads View citations (4)
    See also Journal Article A theory of aggregate consumption, European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing (2014) Downloads View citations (30) (2014)
  2. Did CNBC contribute to the Great Moderation or the Great Recession?
    Working Papers, Trinity College, Department of Economics Downloads
  3. How the Great Moderation Became a (Contained) Depression and What to Do About It
    Working Papers, Trinity College, Department of Economics Downloads View citations (3)
  4. Using Interest Rates as the Instrument of Monetary Policy: Beware Real effects, Positive Feedbacks, and Discontinuities
    Working Papers, Trinity College, Department of Economics Downloads
    See also Journal Article Using Interest Rates as the Instrument of Monetary Policy: Beware Real effects, Positive Feedbacks, and Discontinuities, Ensayos Económicos, Central Bank of Argentina, Economic Research Department (2014) Downloads (2014)

2012

  1. Aggregate Consumption and Debt Accumulation: An Empirical Examination of US Household Behavior
    Working Papers, Trinity College, Department of Economics Downloads
    See also Journal Article Aggregate consumption and debt accumulation: an empirical examination of US household behaviour, Cambridge Journal of Economics, Cambridge Political Economy Society (2015) Downloads View citations (25) (2015)
  2. Aggregate Structural Macroeconomic Modelling: A Reconsideration and Defence
    Working Papers, Trinity College, Department of Economics Downloads View citations (1)
  3. Exploring the Supply Side of Kaldorian Growth Models
    Working Papers, Trinity College, Department of Economics Downloads
    See also Journal Article Exploring the supply side of Kaldorian growth models, Review of Keynesian Economics, Edward Elgar Publishing (2013) Downloads View citations (10) (2013)
  4. Real Sector Imbalances and the Great Recession
    Working Papers, Trinity College, Department of Economics Downloads View citations (3)

2011

  1. The Cost Channel of Monetary Policy in a Post Keynesian Macrodynamic Model of Inflation and Output Targeting
    Working Papers, Trinity College, Department of Economics Downloads View citations (3)
  2. The Remarkable Durability of Thirlwall’s Law
    Working Papers, Trinity College, Department of Economics Downloads View citations (36)
    See also Chapter The Remarkable Durability of Thirlwall’s Law, Palgrave Macmillan Books, Palgrave Macmillan (2012) View citations (1) (2012)
    Journal Article The remarkable durability of Thirlwall's Law, PSL Quarterly Review, Economia civile (2011) Downloads View citations (36) (2011)

2010

  1. A Keynes-Kalecki Model of Cyclical Growth with Agent-Based Features
    Working Papers, Trinity College, Department of Economics Downloads View citations (2)
    See also Chapter A Keynes-Kalecki Model of Cyclical Growth with Agent-Based Features, Palgrave Macmillan Books, Palgrave Macmillan (2011) View citations (5) (2011)
  2. Anticipations of the Crisis: On the Similarities Between Post Keynesian Economics and Regulation Theory
    Working Papers, Trinity College, Department of Economics Downloads View citations (3)
    See also Journal Article Anticipations of the Crisis: On the Similarities between post-Keynesian Economics and Regulation Theory, Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation (2011) Downloads View citations (10) (2011)
  3. Endogenous Growth: A Kaldorian Approach
    Working Papers, Trinity College, Department of Economics Downloads View citations (14)
  4. Hysteresis
    Working Papers, Trinity College, Department of Economics Downloads
  5. Post-Keynesian Macrodynamics and Path-Dependent Growth
    Working Papers, Trinity College, Department of Economics Downloads
    See also Journal Article Post-Keynesian macrodynamics and path-dependent growth, European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing (2011) Downloads View citations (7) (2011)
  6. Real Wages, Aggregate Demand, and the Macroeconomic Travails of the US Economy: Diagnosis and Prognosis
    Working Papers, Trinity College, Department of Economics Downloads View citations (5)

2009

  1. Neoclassical Growth Theory and Heterodox Growth Theory: Opportunities For and Obstacles To Greater Engagement
    Working Papers, Trinity College, Department of Economics Downloads View citations (6)
    See also Journal Article Neoclassical Growth Theory and Heterodox Growth Theory: Opportunities For (and Obstacles To) Greater Engagement, Eastern Economic Journal, Palgrave Macmillan (2014) Downloads View citations (4) (2014)

2008

  1. History versus equilibrium? on the possibility and realist basis of a general critique of traditional equilibrium analysis
    Post-Print, HAL View citations (8)
    See also Journal Article History versus equilibrium? on the possibility and realist basis of a general critique of traditional equilibrium analysis, Journal of Post Keynesian Economics, Taylor & Francis Journals (2006) Downloads View citations (13) (2006)
  2. Stability, equilibrium, and realism: a response to Sardoni
    Post-Print, HAL

2007

  1. INFLATION TARGETING AND MACROECONOMIC STABILITY IN A POST KEYNESIAN ECONOMY
    Anais do XXXV Encontro Nacional de Economia [Proceedings of the 35th Brazilian Economics Meeting], ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics] Downloads View citations (21)

Journal Articles

2023

  1. Inflation and distribution during the post-COVID recovery: a Kaleckian approach
    Journal of Post Keynesian Economics, 2023, 46, (4), 587-611 Downloads View citations (3)
    See also Working Paper Inflation and distribution during the post-COVID recovery: a Kaleckian approach, Working Papers (2022) Downloads View citations (1) (2022)
  2. Joan Robinson’s historical time and the current state of post-Keynesian growth theory
    Cambridge Journal of Economics, 2023, 47, (5), 965-984 Downloads View citations (1)
  3. Post-Keynesian growth theory and the supply side: a feminist approach
    European Journal of Economics and Economic Policies: Intervention, 2023, 20, (2), 299-316 Downloads
  4. The network origins of aggregate fluctuations: A demand-side approach
    Structural Change and Economic Dynamics, 2023, 64, (C), 111-123 Downloads View citations (1)
    See also Working Paper The network origins of aggregate Fluctuations: A demand-side approach, FMM Working Paper (2021) Downloads (2021)
  5. Whatever Happened to the ‘Goodwin Pattern’? Profit Squeeze Dynamics in the Modern American Labour Market
    Review of Political Economy, 2023, 35, (1), 263-286 Downloads View citations (1)
    See also Working Paper Whatever happened to the 'Goodwin pattern'? Profit Squeeze Dynamics in the Modern American Labour market, Working Papers (2021) Downloads View citations (6) (2021)
  6. Will hysteresis effects afflict the US economy during the post-COVID-19 recovery?
    Review of Keynesian Economics, 2023, 11, (4), 507-528 Downloads

2022

  1. Is capacity utilization variable in the long run? An agent-based sectoral approach to modeling hysteresis in the normal rate of capacity utilization
    Structural Change and Economic Dynamics, 2022, 63, (C), 196-212 Downloads View citations (1)
    See also Working Paper Is capacity utilization variable in the long run? An agent-based sectoral approach to modeling hysteresis in the normal rate of capacity utilization, Post-Print (2022) (2022)
  2. Neoliberalism: An Entrenched but Exhausted Growth Regime
    Ensayos Económicos, 2022, 1, (79), 131-146 Downloads
    See also Working Paper Neoliberalism: An entrenched but exhausted growth regime, Working Papers (2021) Downloads (2021)

2020

  1. Editorial to the special issue
    European Journal of Economics and Economic Policies: Intervention, 2020, 17, (3), 307-312 Downloads
  2. Hysteresis in the normal rate of capacity utilization: A behavioral explanation
    Metroeconomica, 2020, 71, (4), 898-919 Downloads View citations (8)
    See also Working Paper Hysteresis in the normal rate of capacity utilization: a behavioural explanation, Working Papers (2019) Downloads View citations (6) (2019)
  3. Is there scientific progress in macroeconomics? The case of the NAIRU
    European Journal of Economics and Economic Policies: Intervention, 2020, 17, (1), 19-38 Downloads View citations (4)
    See also Working Paper Is there scientific progress in macroeconomics? The case of the NAIRU, Working Papers (2015) Downloads (2015)
  4. Managing the discontent of the losers
    Review of Social Economy, 2020, 78, (1), 77-97 Downloads View citations (4)
    See also Working Paper Managing the Discontent of the Losers, Working Papers (2018) Downloads (2018)
  5. Nominal exchange rate shocks and inflation in an open economy: towards a structuralist inflation targeting agenda
    Cambridge Journal of Economics, 2020, 44, (6), 1271-1299 Downloads View citations (11)
    See also Working Paper Nominal exchange rate shocks and inflation in an open economy: towards a structuralist inflation targeting agenda, Working Papers (2017) Downloads View citations (2) (2017)
  6. On multi-sector and multi-technique models, production functions and Goodwin cycles: a reply to Libman
    European Journal of Economics and Economic Policies: Intervention, 2020, 17, (3), 295-306 Downloads View citations (1)
    See also Working Paper On Multi-Sector and Multi-Technique Models, Production Functions and Goodwin Cycles: A Reply to Libman, Working Papers (2020) Downloads View citations (1) (2020)
  7. Varieties of capitalism, increasing income inequality and the sustainability of long-run growth
    Cambridge Journal of Economics, 2020, 44, (3), 559-582 Downloads View citations (11)
    See also Working Paper Varieties of Capitalism, Increasing Income Inequality, and the Sustainability of Long-Run Growth, Working Papers (2018) Downloads (2018)

2019

  1. Long-run variation in capacity utilization in the presence of a fixed normal rate
    Cambridge Journal of Economics, 2019, 43, (2), 443-463 Downloads View citations (16)
    See also Working Paper Long-run variation in capacity utilization in the presence of a fixed normal rate, Working Papers (2017) Downloads View citations (4) (2017)
  2. Time variation in the size of the multiplier: a Kalecki–Harrod approach
    Review of Keynesian Economics, 2019, 7, (1), 28-42 Downloads View citations (3)

2018

  1. Austerity: The History of a Dangerous Idea
    Eastern Economic Journal, 2018, 44, (2), 335-336 Downloads
  2. Can monetary policy survive policy model mis†specification? Model uncertainty and the perils of “policy model complacencyâ€
    Metroeconomica, 2018, 69, (1), 2-15 Downloads
  3. Intermediation, Money Creation, and Keynesian Macrodynamics in Multi-agent Systems
    Review of Political Economy, 2018, 30, (2), 154-171 Downloads
    See also Working Paper Intermediation, Money Creation, and Keynesian Macrodynamics in Multi-agent Systems, Working Papers (2015) Downloads View citations (1) (2015)
  4. The Macro Pedagogy Debate: Teaching DSGE to Undergraduates Symposium
    The Journal of Economic Education, 2018, 49, (3), 237-241 Downloads View citations (2)

2017

  1. Household borrowing and the possibility of 'consumption-driven, profit-led growth'
    Review of Keynesian Economics, 2017, 5, (1), 43-60 Downloads View citations (9)
    See also Working Paper Household Borrowing and the Possibility of Consumption- Driven, Profit-Led Growth, Working Papers Series (2016) Downloads (2016)
  2. Wage- versus profit-led growth after 25 years: an introduction to the fourth special issue
    Review of Keynesian Economics, 2017, 5, (3), 303-306 Downloads View citations (1)
  3. Wage- versus profit-led growth after 25 years: an introduction to the second special issue
    Review of Keynesian Economics, 2017, 5, (1), 1-3 Downloads View citations (1)
  4. Wage- versus profit-led growth after 25 years: an introduction to the third special issue
    Review of Keynesian Economics, 2017, 5, (2), 143-145 Downloads View citations (1)

2016

  1. Debt servicing, aggregate consumption, and growth
    Structural Change and Economic Dynamics, 2016, 36, (C), 22-33 Downloads View citations (33)
    See also Working Paper Debt Servicing, Aggregate Consumption, and Growth, Working Papers Series (2015) Downloads (2015)
  2. Inequality, Debt Servicing and the Sustainability of Steady State Growth
    Review of Political Economy, 2016, 28, (1), 45-63 Downloads View citations (24)
    See also Working Paper Inequality, Debt Servicing, and the Sustainability of Steady State Growth, Working Papers Series (2015) Downloads View citations (1) (2015)
  3. Multi-agent systems as a tool for analyzing path-dependent macrodynamics
    Structural Change and Economic Dynamics, 2016, 38, (C), 25-37 Downloads View citations (3)
    See also Working Paper Multi-Agent Systems as a Tool for Analyzing Path-Dependent Macrodynamics, Working Papers (2014) Downloads View citations (1) (2014)
  4. Wage- versus profit-led growth after 25 years: an introduction
    Review of Keynesian Economics, 2016, 4, (4), 367-372 Downloads View citations (7)

2015

  1. A simple analytical model of the adverse real effects of inflation
    Journal of Post Keynesian Economics, 2015, 38, (4), 637-665 Downloads View citations (4)
    See also Working Paper A Simple Analytical Model of the Adverse Real Effects of Inflation, Working Papers (2015) Downloads View citations (4) (2015)
  2. Aggregate consumption and debt accumulation: an empirical examination of US household behaviour
    Cambridge Journal of Economics, 2015, 39, (1), 93-112 Downloads View citations (25)
    See also Working Paper Aggregate Consumption and Debt Accumulation: An Empirical Examination of US Household Behavior, Working Papers (2012) Downloads (2012)
  3. Firm performance, macroeconomic conditions, and “animal spirits” in a Post Keynesian model of aggregate fluctuations
    Journal of Post Keynesian Economics, 2015, 38, (1), 38-63 Downloads View citations (8)
    See also Working Paper Firm performance, macroeconomic conditions, and “animal spirits” in a Post Keynesian model of aggregate fluctuations, Working Papers (2014) Downloads View citations (2) (2014)

2014

  1. A Guide for " JEE Content" Submissions
    The Journal of Economic Education, 2014, 45, (2), 159-165 Downloads
  2. A theory of aggregate consumption
    European Journal of Economics and Economic Policies: Intervention, 2014, 11, (1), 31-49 Downloads View citations (30)
    See also Working Paper A Theory of Aggregate Consumption, Working Papers (2013) Downloads View citations (4) (2013)
  3. Aggregate structural macroeconomic analysis: a reconsideration and defence
    Cambridge Journal of Economics, 2014, 38, (4), 797-815 Downloads View citations (3)
    See also Working Paper Aggregate structural macroeconomic analysis: a reconsideration and defence, Working Papers (2014) Downloads View citations (1) (2014)
  4. Book review: Anthony P. Thirlwall, Economic Growth in an Open Developing Economy: The Role of Structure and Demand (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2013) 200 pp
    Review of Keynesian Economics, 2014, 2, (4), 550-552 Downloads
  5. Errata in 'Exploring the supply side of Kaldorian growth models', Review of Keynesian Economics, 1 (1), 22–36 (2013)
    Review of Keynesian Economics, 2014, 2, (1), 118-118 Downloads
  6. Inflation Targeting and Macroeconomic Stability with Heterogeneous Inflation Expectations
    Journal of Post Keynesian Economics, 2014, 37, (2), 255-279 Downloads View citations (8)
    See also Working Paper Inflation Targeting and Macroeconomic Stability with Heterogeneous Inflation Expectations, Working Papers, Department of Economics (2016) Downloads View citations (1) (2016)
  7. Neoclassical Growth Theory and Heterodox Growth Theory: Opportunities For (and Obstacles To) Greater Engagement
    Eastern Economic Journal, 2014, 40, (3), 365-386 Downloads View citations (4)
    See also Working Paper Neoclassical Growth Theory and Heterodox Growth Theory: Opportunities For and Obstacles To Greater Engagement, Working Papers (2009) Downloads View citations (6) (2009)
  8. The Cost Channel of Monetary Transmission and Stabilization Policy in a Post-Keynesian Macrodynamic Model
    Review of Political Economy, 2014, 26, (2), 258-281 Downloads View citations (6)
  9. Using Interest Rates as the Instrument of Monetary Policy: Beware Real effects, Positive Feedbacks, and Discontinuities
    Ensayos Económicos, 2014, 1, (70), 7-22 Downloads
    See also Working Paper Using Interest Rates as the Instrument of Monetary Policy: Beware Real effects, Positive Feedbacks, and Discontinuities, Working Papers (2013) Downloads (2013)

2013

  1. Exploring the supply side of Kaldorian growth models
    Review of Keynesian Economics, 2013, 1, (1), 22-36 Downloads View citations (10)
    See also Working Paper Exploring the Supply Side of Kaldorian Growth Models, Working Papers (2012) Downloads (2012)

2012

  1. A Kaleckian model of growth and distribution with conflict-inflation and Post Keynesian nominal interest rate rules
    Journal of Post Keynesian Economics, 2012, 34, (3), 497-520 Downloads View citations (12)

2011

  1. Anticipations of the Crisis: On the Similarities between post-Keynesian Economics and Regulation Theory
    Revue de la Régulation - Capitalisme, institutions, pouvoirs, 2011, 10 Downloads View citations (10)
    See also Working Paper Anticipations of the Crisis: On the Similarities Between Post Keynesian Economics and Regulation Theory, Working Papers (2010) Downloads View citations (3) (2010)
  2. Post-Keynesian macrodynamics and path-dependent growth
    European Journal of Economics and Economic Policies: Intervention, 2011, 8, (2), 299-316 Downloads View citations (7)
    See also Working Paper Post-Keynesian Macrodynamics and Path-Dependent Growth, Working Papers (2010) Downloads (2010)
  3. The remarkable durability of Thirlwall's Law
    PSL Quarterly Review, 2011, 64, (259), 393-427 Downloads View citations (36)
    See also Working Paper The Remarkable Durability of Thirlwall’s Law, Working Papers (2011) Downloads View citations (36) (2011)
    Chapter The Remarkable Durability of Thirlwall’s Law, Palgrave Macmillan Books, 2012, 83-110 (2012) View citations (1) (2012)

2010

  1. Macrodynamics for a Better Society: The Economics of John Cornwall
    Review of Political Economy, 2010, 22, (4), 481-498 Downloads
  2. Macroeconomic Theory and Macroeconomic Pedagogy: A response to some criticisms
    European Journal of Economics and Economic Policies: Intervention, 2010, 7, (2), 271-277 Downloads
  3. Pricing Behaviour and the Cost-Push Channel of Monetary Policy
    Review of Political Economy, 2010, 22, (1), 19-40 Downloads View citations (17)

2009

  1. A Guide for Submissions to the JEE Content Section
    The Journal of Economic Education, 2009, 40, (3), 262-271 Downloads
  2. An index of macroeconomic performance
    International Review of Applied Economics, 2009, 23, (5), 625-649 Downloads View citations (4)
  3. Fiscal and monetary policy interactions: lessons for revising the EU Stability and Growth Pact
    Journal of Post Keynesian Economics, 2009, 31, (4), 623-643 Downloads View citations (7)
  4. Macroeconomics without the LM curve: an alternative view
    Cambridge Journal of Economics, 2009, 33, (2), 273-293 Downloads View citations (21)
  5. Macroeconomics, endogenous money and the contemporary financial crisis: a teaching model
    International Journal of Pluralism and Economics Education, 2009, 1, (1/2), 130-147 Downloads View citations (9)

2008

  1. The Political Economy of Interest-Rate Setting, Inflation, and Income Distribution
    International Journal of Political Economy, 2008, 37, (2), 5-25 Downloads View citations (16)

2007

  1. Are Functional Relations Always the Alter Ego of Humean Laws?
    Review of Political Economy, 2007, 19, (2), 203-217 Downloads View citations (2)
  2. Interest rates, income distribution, and monetary policy dominance: Post Keynesians and the "fair rate" of interest
    Journal of Post Keynesian Economics, 2007, 30, (1), 13-42 Downloads View citations (51)
  3. Is There a Stabilizing Role for Fiscal Policy in the New Consensus?
    Review of Political Economy, 2007, 19, (3), 405-418 Downloads View citations (20)
  4. The rise, decline and rise of incomes policies in the US during the post-war era: an institutional-analytical explanation of inflation and the functional distribution of income
    Journal of Institutional Economics, 2007, 3, (2), 127-146 Downloads View citations (33)

2006

  1. Aspirations, bargaining power, and macroeconomic performance
    Journal of Post Keynesian Economics, 2006, 29, (1), 117-148 Downloads View citations (16)
  2. Balancing the Macroeconomic Books on the Backs of Workers: A Simple Analytical Political Economy Model of Contemporary U.S. Capitalism
    International Journal of Political Economy, 2006, 35, (3), 46-63 Downloads View citations (15)
  3. History versus equilibrium? on the possibility and realist basis of a general critique of traditional equilibrium analysis
    Journal of Post Keynesian Economics, 2006, 29, (2), 191-209 Downloads View citations (13)
    See also Working Paper History versus equilibrium? on the possibility and realist basis of a general critique of traditional equilibrium analysis, Post-Print (2008) View citations (8) (2008)
  4. Is inflation targeting compatible with Post Keynesian economics?
    Journal of Post Keynesian Economics, 2006, 28, (4), 653-671 Downloads View citations (30)

2005

  1. Worker Insecurity and U.S. Macroeconomic Performance During the 1990s
    Review of Radical Political Economics, 2005, 37, (2), 155-177 Downloads View citations (7)

2004

  1. Financial fragility, effective demand and the business cycle
    Review of Political Economy, 2004, 16, (2), 207-223 Downloads View citations (10)

2003

  1. Capitalist Development in the Twentieth Century: An Evolutionary-KeynesianAnalysis
    Journal of Economic Issues, 2003, 37, (3), 826-828 Downloads
  2. Keynes's dialectic?
    Cambridge Journal of Economics, 2003, 27, (3), 359-376
  3. Separate Identity or Post Walrasian Future: Whither Analytical Political Economy?
    International Journal of Political Economy, 2003, 33, (2), 82-86 Downloads
  4. Supply and Demand in the Theory of Long-run Growth: Introduction to a symposium on demand-led growth
    Review of Political Economy, 2003, 15, (1), 23-32 Downloads View citations (18)
  5. The phillips curve and US macroeconomic performance during the 1990s
    International Review of Applied Economics, 2003, 17, (4), 361-376 Downloads View citations (7)
  6. What Is Analytical Political Economy?
    International Journal of Political Economy, 2003, 33, (2), 4-16 Downloads View citations (1)

2001

  1. Cumulative Causation, Interrelatedness and the Theory of Economic Growth: A Reply to Argyrous and Toner
    Cambridge Journal of Economics, 2001, 25, (1), 107-12 View citations (3)

2000

  1. Expectations, Endogenous Money, and the Business Cycle: An Exercise in Open Systems Modeling
    Journal of Post Keynesian Economics, 2000, 23, (1), 77-105 Downloads View citations (3)

1999

  1. Book Review
    Review of Social Economy, 1999, 57, (3), 405-410 Downloads
  2. Expectations, Path Dependence and Effective Demand: A Macroeconomic Model along Keynesian Lines
    Journal of Post Keynesian Economics, 1999, 21, (3), 479-501 Downloads View citations (6)

1998

  1. Adjustment Asymmetries and Hysteresis in Simple Dynamic Models
    The Manchester School of Economic & Social Studies, 1998, 66, (3), 283-301 View citations (8)
  2. Book Reviews
    Review of Social Economy, 1998, 56, (1), 90-93 Downloads
  3. History versus Equilibrium: Nicholas Kaldor on Historical Time and Economic Theory
    Cambridge Journal of Economics, 1998, 22, (5), 521-37 View citations (12)
  4. Path Dependency and Animal Spirits: A Reply
    Journal of Post Keynesian Economics, 1998, 21, (1), 167-170 Downloads View citations (1)

1997

  1. 'History versus Equilibrium' and the Theory of Economic Growth
    Cambridge Journal of Economics, 1997, 21, (3), 365-78 View citations (42)
  2. Should Economists Dispense with the Notion of Equilibrium?
    Journal of Post Keynesian Economics, 1997, 20, (1), 47-76 Downloads View citations (16)

1993

  1. A Model of Institutional Hysteresis
    Journal of Economic Issues, 1993, 27, (3), 755-774 Downloads View citations (24)
  2. CHANGE OR PERMANENCE? GROWTH AND DEVELOPMENT IN CAPITALIST ECONOMIES
    Review of Income and Wealth, 1993, 39, (2), 217-223 Downloads
  3. Towards a Long-Run Theory of Effective Demand: Modeling Macroeconomic Systems with Hysteresis
    Journal of Post Keynesian Economics, 1993, 15, (3), 347-364 Downloads View citations (3)

1992

  1. Searching for a will o' the wisp: An empirical study of the NAIRU in Canada
    European Economic Review, 1992, 36, (1), 119-136 Downloads View citations (26)

Books

2023

  1. Capitalism, Inclusive Growth, and Social Protection
    Books, Edward Elgar Publishing Downloads

1997

  1. Rapid Growth and Relative Decline
    Palgrave Macmillan Books, Palgrave Macmillan View citations (31)

Edited books

2014

  1. After the Great Recession
    Cambridge Books, Cambridge University Press

2013

  1. After the Great Recession
    Cambridge Books, Cambridge University Press View citations (36)

2010

  1. Handbook of Alternative Theories of Economic Growth
    Books, Edward Elgar Publishing Downloads View citations (154)

2009

  1. Macroeconomic Theory and Macroeconomic Pedagogy
    Palgrave Macmillan Books, Palgrave Macmillan View citations (40)

2006

  1. Complexity, Endogenous Money and Macroeconomic Theory
    Books, Edward Elgar Publishing Downloads View citations (43)

2002

  1. The Economics of Demand-Led Growth
    Books, Edward Elgar Publishing Downloads View citations (256)

1999

  1. Growth, Employment and Inflation
    Palgrave Macmillan Books, Palgrave Macmillan View citations (28)

Chapters

2012

  1. Faith-based Macroeconomics: A Critique of Recent Developments in NAIRU Estimation
    Chapter 5 in Employment, Growth and Development, 2012 Downloads
  2. Stabilization Policy with an Endogenous Commercial Bank
    Chapter 2 in Monetary Policy and Central Banking, 2012 Downloads
  3. The Remarkable Durability of Thirlwall’s Law
    Palgrave Macmillan View citations (1)
    See also Journal Article The remarkable durability of Thirlwall's Law, Economia civile (2011) Downloads View citations (36) (2011)
    Working Paper The Remarkable Durability of Thirlwall’s Law, Trinity College, Department of Economics (2011) Downloads View citations (36) (2011)

2011

  1. A Keynes-Kalecki Model of Cyclical Growth with Agent-Based Features
    Palgrave Macmillan View citations (5)
    See also Working Paper A Keynes-Kalecki Model of Cyclical Growth with Agent-Based Features, Trinity College, Department of Economics (2010) Downloads View citations (2) (2010)
  2. Post-Keynesian Interest Rate Rules and Macroeconomic Performance: A Comparative Evaluation
    Chapter 7 in Credit, Money and Macroeconomic Policy, 2011 Downloads View citations (2)

2010

  1. Endogenous Regional Growth: A Critical Survey
    Chapter 21 in Handbook of Alternative Theories of Economic Growth, 2010 Downloads View citations (13)
  2. Gender Equality and the Sustainability of Steady State Growth Paths
    Chapter 18 in Handbook of Alternative Theories of Economic Growth, 2010 Downloads

2009

  1. A Simple (and Teachable) Macroeconomic Model with Endogenous Money
    Palgrave Macmillan View citations (9)
  2. Macroeconomic Theory and Macroeconomic Pedagogy: An Introduction
    Palgrave Macmillan View citations (2)

2007

  1. What is Endogenous Growth Theory?
    Chapter 3 in Economic Growth, 2007 Downloads View citations (11)

2006

  1. Effective Demand and Endogenous Money in a Path-Dependent Economy: Towards a ‘Moorian’ Credit Supply Curve – and a Reconciliation between Horizontalists and Structuralists?
    Chapter 6 in Complexity, Endogenous Money and Macroeconomic Theory, 2006 Downloads View citations (1)
  2. Thirlwall’s Law and Palley’s Pitfalls: A Reconsideration
    Chapter 2 in Growth and Economic Development, 2006 Downloads View citations (6)

2005

  1. Central bank behaviour and the stability of macroeconomic equilibrium: a critical examination of the 'New Consensus'
    Chapter 3 in The New Monetary Policy, 2005 Downloads View citations (3)

2004

  1. Central Banking, Stability and Macroeconomic Outcomes: A Comparison of New Consensus and Post-Keynesian Monetary Macroeconomics
    Chapter 2 in Central Banking in the Modern World, 2004, pp 35-56 Downloads

2003

  1. Globalization, distributional conflict and inflation: the case of the US economy during the 1990s
    Chapter 3 in Globalisation, Regionalism and Economic Activity, 2003, pp 60-79 Downloads

2002

  1. A Model of Kaldorian Traverse: Cumulative Causation, Structural Change and Evolutionary Hysteresis
    Chapter 12 in The Economics of Demand-Led Growth, 2002 Downloads View citations (3)
  2. A Neo-Kaldorian Perspective on the Rise and Decline of the Golden Age
    Chapter 5 in The Economics of Demand-Led Growth, 2002 Downloads View citations (8)
  3. Introduction: A Dissenter's View of the Development of Growth Theory and the Importance of Demand-Led Growth
    Chapter 1 in The Economics of Demand-Led Growth, 2002 Downloads View citations (1)

2001

  1. John Cornwall: A Brief Appreciation
    Palgrave Macmillan

1999

  1. Introduction
    Palgrave Macmillan
  2. Modelling a Path-Dependent Economy: Lessons from John Cornwall’s Macrodynamics
    Palgrave Macmillan

1997

  1. A Brief History of the British Economy since 1780
    Palgrave Macmillan
  2. A Model of Cumulative Causation
    Palgrave Macmillan
  3. An Alternative Approach — Modelling with Hysteresis
    Palgrave Macmillan
  4. Conclusion
    Palgrave Macmillan
  5. Economic Modelling and the Concept of Equilibrium
    Palgrave Macmillan
  6. Institutional Hysteresis and the Performance of the British Economy after 1914
    Palgrave Macmillan
  7. Technological Interrelatedness and Lock-In in the British Economy, 1870–1930
    Palgrave Macmillan
  8. The Supply Side and Macroeconomic Performance I: Technological Evolution
    Palgrave Macmillan
  9. The Supply Side and Macroeconomic Performance II: Institutional Evolution
    Palgrave Macmillan

1994

  1. Recent developments in growth theory: a post Keynesian view
    Chapter 8 in EMPLOYMENT, GROWTH AND FINANCE, 1994, pp 112-127 Downloads
 
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