Details about Peter Skott

E-mail:
Phone:	1 413 545 6358
Postal address:	Department of Economics, Thompson Hall, University of Massachusetts, Amherst, MA 01003
Workplace:	Department of Economics, University of Massachusetts-Amherst, (more information at EDIRC)

Access statistics for papers by Peter Skott.

Last updated 2021-05-27. Update your information in the RePEc Author Service.

Short-id: psk6

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Working Papers

2020

1. Fiscal Policy, the Sraffian Supermultiplier and Functional Finance
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics
2. Fiscal policy and structural transformation in developing economies
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics
   See also Journal Article in Structural Change and Economic Dynamics (2021)
3. Sources of inflation and the effects of balanced budgets and inflation targeting in developing economies
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics

2019

4. Aggregate demand policy in mature and dual economies
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics

2018

5. Challenges for post-Keynesian macroeconomics
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (1)

2017

6. Credit Constraints and Economic Growth in a Dual Economy
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics
   See also Journal Article in Structural Change and Economic Dynamics (2018)

2016

7. Aggregate Demand, Functional Finance and Secular Stagnation
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (4)
   See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2016)
8. Autonomous demand, Harrodian instability and the supply side
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (7)
   See also Journal Article in Metroeconomica (2019)
9. Weaknesses of 'wage-led growth'
   UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (5)
   See also Journal Article in Review of Keynesian Economics (2017)

2015

10. Fiscal and monetary policy rules in an unstable economy
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (3)
    See also Journal Article in Metroeconomica (2017)
11. Functional finance and intergenerational distribution in a Keynesian OLG model
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (2)
12. Growth Cycles with or without price flexibility
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (4)
    See also Journal Article in Review of Keynesian Economics (2015)
13. Public debt, secular stagnation, and functional finance
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (6)

2014

14. Labor market reform and wage inequality in Korea
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics

2013

15. Power, Luck and Ideology in a Model of Executive Pay
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (3)
16. Public debt in an OLG model with imperfect competition: long-run effects of austerity programs and changes in the growth rate
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics
    See also Journal Article in The B.E. Journal of Macroeconomics (2014)
17. Technology, power and the political economy of inequality
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics

2012

18. Employment and Distribution Effects of the Minimum Wage
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (7)
    Also in UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics (2010) View citations (5)
    See also Journal Article in Journal of Economic Behavior & Organization (2012)
19. Pluralism, the Lucas critique, and the integration of macro and micro
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (7)
20. Real exchange rates and the long-run effects of aggregate demand in economies with underemployment
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (5)

2011

21. Business cycles
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (2)
22. Distributional biases in the analysis of climate change
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics
    See also Journal Article in Ecological Economics (2013)
23. Heterodox macro after the crisis
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (1)
24. Increasing inequality and financial instability
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (9)
    See also Journal Article in Review of Radical Political Economics (2013)
25. Positional goods, climate change and the social returns to investment
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (2)
26. Public debt and full employment in a stock-flow consistent model of a corporate economy
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (7)
    See also Journal Article in Journal of Post Keynesian Economics (2013)
27. Public debt in an OLG model with imperfect competition
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (2)
28. The Real Exchange Rate and Economic Development
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (20)
    See also Journal Article in Structural Change and Economic Dynamics (2012)
29. The Real Exchange Rate and Economic Growth: are Developing Countries Different?
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (11)
    See also Journal Article in International Review of Applied Economics (2012)

2010

30. An empirical evaluation of three post Keynesian models
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (38)
    See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2012)
31. Cyclical patterns of employment, utilization and profitability
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (7)
    See also Journal Article in Journal of Post Keynesian Economics (2011)
32. Labor heterogeneity, inequality and institutional change
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics
33. The Great Detour
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (1)

2009

34. The Real Exchange Rate as an Instrument of Development Policy
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (23)
35. Theoretical and empirical shortcomings of the Kaleckian investment function
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (7)
    See also Journal Article in Metroeconomica (2012)

2008

36. Financialization in Kaleckian economies with and without labor constraints
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (25)
    See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2008)
37. Growth, instability and cycles: Harrodian and Kaleckian models of accumulation and income distribution
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (38)
    See also Chapter (2010)

2007

38. Information and communications technologies,coordination and control, and the distribution of income
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (3)
    See also Journal Article in Journal of Income Distribution (2008)
39. Macroeconomic implications of financialization
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (35)
    See also Journal Article in Cambridge Journal of Economics (2008)
40. Power, productivity and profits
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (3)
    See also Chapter (2008)

2006

41. Japanese growth and stagnation: a Keynesian perspective
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (4)
    See also Journal Article in Structural Change and Economic Dynamics (2007)

2005

42. Keynesian Theory and the AD-AS Framework: A Reconsideration
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (2)
43. Power-Biased Technological Change and the Rise in Earnings Inequality
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (1)
    Also in Working Papers, ECINEQ, Society for the Study of Economic Inequality (2005) View citations (3)
44. Prosperity and Stagnation in Capitalist Economies
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (2)
45. Wage inequality and overeducation in a model with efficiency wages
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (5)
    See also Journal Article in Canadian Journal of Economics (2006)

2004

46. Economic Explanation, Ordinality and the Adequacy of Analytic Specification
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (4)
    See also Journal Article in Journal of Economic Methodology (2001)
47. Election campaigns, agenda setting and electoral outcomes
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics
    See also Journal Article in Public Choice (2005)
48. Fairness as a source of hysteresis in employment and relative wages
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics
    Also in Economics Working Papers, Department of Economics and Business Economics, Aarhus University View citations (16)
    See also Journal Article in Journal of Economic Behavior & Organization (2005)
49. Mythical Ages and Methodological Strictures - Joan Robinson's Contributions to the Theory of Economic Growth
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (1)
50. Steindlian Models of Growth and Stagnation
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (3)
    See also Journal Article in Metroeconomica (2006)
51. Wage inequality and skill asymmetries
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (5)
    Also in Economics Discussion Papers, School of Economics, Kingston University London (2003) View citations (1)

2000

52. Skill asymmetries, increasing wage inequality and unemployment
    Economics Discussion Papers, School of Economics, Kingston University London View citations (3)
    Also in Economics Working Papers, Department of Economics and Business Economics, Aarhus University View citations (6)

1990

53. EFFICIENCY WAGES, MARK-UP PRICING AND EFFECTIVE DEMAND
    Working Papers, Tilburg - Center for Economic Research View citations (5)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1990)
    Discussion Paper, Tilburg University, Center for Economic Research (1990)

Undated

54. Demand Policy in the Long Run
    Economics Working Papers, Department of Economics and Business Economics, Aarhus University View citations (8)
55. Distributional consequences of neutral shocks to economic activity in a model with efficiency wages and overeducation
    Economics Working Papers, Department of Economics and Business Economics, Aarhus University View citations (4)
56. The importance of setting the agenda
    Economics Working Papers, Department of Economics and Business Economics, Aarhus University View citations (3)

Journal Articles

2021

1. Fiscal policy and structural transformation in developing economies
   Structural Change and Economic Dynamics, 2021, 56, (C), 129-140
   See also Working Paper (2020)

2019

2. Autonomous demand, Harrodian instability and the supply side
   Metroeconomica, 2019, 70, (2), 233-246 View citations (4)
   See also Working Paper (2016)

2018

3. Credit constraints and economic growth in a dual economy
   Structural Change and Economic Dynamics, 2018, 45, (C), 64-76 View citations (2)
   See also Working Paper (2017)

2017

4. Autonomous Demand and the Harrodian Criticisms of the Kaleckian Model
   Metroeconomica, 2017, 68, (1), 185-193 View citations (8)
5. Fiscal and Monetary Policy Rules in an Unstable Economy
   Metroeconomica, 2017, 68, (3), 500-548 View citations (6)
   See also Working Paper (2015)
6. Functional finance and intergenerational distribution in neoclassical and Keynesian OLG models
   Review of Keynesian Economics, 2017, 5, (1), 112-134 View citations (1)
7. Weaknesses of 'wage-led growth'
   Review of Keynesian Economics, 2017, 5, (3), 336-359 View citations (14)
   See also Working Paper (2016)

2016

8. Aggregate demand, functional finance, and secular stagnation
   European Journal of Economics and Economic Policies: Intervention, 2016, 13, (2), 172-188 View citations (3)
   See also Working Paper (2016)
9. Labor Market Reforms, Temporary Workers and Wage Inequality
   Metroeconomica, 2016, 67, (2), 313-333

2015

10. Growth cycles with or without price flexibility
    Review of Keynesian Economics, 2015, 3, (3), 374-386 View citations (3)
    See also Working Paper (2015)

2014

11. Pluralism, the Lucas Critique, and the Integration of Macroeconomics and Microeconomics
    Review of Political Economy, 2014, 26, (4), 503-515 View citations (7)
12. Public debt in an OLG model with imperfect competition: long-run effects of austerity programs and changes in the growth rate
    The B.E. Journal of Macroeconomics, 2014, 14, (1), 20 View citations (4)
    See also Working Paper (2013)

2013

13. Distributional biases in the analysis of climate change
    Ecological Economics, 2013, 85, (C), 188-197 View citations (3)
    See also Working Paper (2011)
14. Increasing Inequality and Financial Instability
    Review of Radical Political Economics, 2013, 45, (4), 478-488 View citations (9)
    See also Working Paper (2011)
15. Power, Luck and Ideology – Technological and Institutional Parameters of the Agency Problem for CEOs*
    Review of Radical Political Economics, 2013, 45, (3), 323-332 View citations (1)
16. Public debt and full employment in a stock-flow consistent model of a corporate economy
    Journal of Post Keynesian Economics, 2013, 35, (4), 511-528 View citations (15)
    See also Working Paper (2011)

2012

17. An empirical evaluation of three post-Keynesian models
    European Journal of Economics and Economic Policies: Intervention, 2012, 9, (2), 277-307 View citations (27)
    See also Working Paper (2010)
18. Employment and distribution effects of the minimum wage
    Journal of Economic Behavior & Organization, 2012, 84, (1), 245-264 View citations (11)
    See also Working Paper (2012)
19. THEORETICAL AND EMPIRICAL SHORTCOMINGS OF THE KALECKIAN INVESTMENT FUNCTION
    Metroeconomica, 2012, 63, (1), 109-138 View citations (120)
    See also Working Paper (2009)
20. The real exchange rate and economic development
    Structural Change and Economic Dynamics, 2012, 23, (2), 151-169 View citations (55)
    See also Working Paper (2011)
21. The real exchange rate and economic growth: are developing countries different?
    International Review of Applied Economics, 2012, 26, (6), 735-753 View citations (72)
    See also Working Paper (2011)

2011

22. Cyclical patterns of employment, utilization, and profitability
    Journal of Post Keynesian Economics, 2011, 34, (1), 25-58 View citations (17)
    See also Working Paper (2010)

2008

23. Financialization in Kaleckian Economies with and without Labor Constraints
    European Journal of Economics and Economic Policies: Intervention, 2008, 5, (2), 357-386 View citations (27)
    See also Working Paper (2008)
24. Information and Communications Technologies, Coordination and Control, and the Distribution of Income
    Journal of Income Distribution, 2008, 17, (3-4), 71-92 View citations (1)
    See also Working Paper (2007)
25. Macroeconomic implications of financialisation
    Cambridge Journal of Economics, 2008, 32, (6), 827-862 View citations (95)
    See also Working Paper (2007)

2007

26. A model of power-biased technological change
    Economics Letters, 2007, 95, (1), 124-131 View citations (14)
27. Japanese growth and stagnation: A Keynesian perspective
    Structural Change and Economic Dynamics, 2007, 18, (3), 306-332 View citations (14)
    See also Working Paper (2006)

2006

28. Comments on "Integrated Keynesian disequilibrium dynamics"
    Journal of Macroeconomics, 2006, 28, (1), 131-135
29. STEINDLIAN MODELS OF GROWTH AND STAGNATION
    Metroeconomica, 2006, 57, (3), 303-338 View citations (38)
    See also Working Paper (2004)
30. Wage inequality and overeducation in a model with efficiency wages
    Canadian Journal of Economics, 2006, 39, (1), 94-123 View citations (19)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2006, 39, (1), 94-123 (2006) View citations (6)
    See also Working Paper (2005)

2005

31. Election campaigns, agenda setting and electoral outcomes
    Public Choice, 2005, 125, (1), 215-228
    See also Working Paper (2004)
32. Fairness as a source of hysteresis in employment and relative wages
    Journal of Economic Behavior & Organization, 2005, 57, (3), 305-331 View citations (50)
    See also Working Paper (2004)

2002

33. Paradoxical effects of drug policy in a model with imperfect competition and switching costs
    Journal of Economic Behavior & Organization, 2002, 48, (4), 335-354 View citations (9)

2001

34. Economic explanation, ordinality and the adequacy of analytic specification
    Journal of Economic Methodology, 2001, 11, (4), 437-453 View citations (3)
    See also Working Paper (2004)

2000

35. Uneven Development and Bilateral Conflict
    Metroeconomica, 2000, 51, (4), 380-412 View citations (1)

1999

36. Economic divergence and institutional change: some observations on the convergence literature
    Journal of Economic Behavior & Organization, 1999, 39, (3), 235-247 View citations (1)
37. Growth and Stagnation in a Two-Sector Model: Kaldor's Mattioli Lectures: Review Article
    Cambridge Journal of Economics, 1999, 23, (3), 353-70 View citations (6)

1998

38. Dynamic Effects of Trade Liberalization and Currency Overvaluation under Conditions of Increasing Returns
    The Manchester School of Economic & Social Studies, 1998, 66, (4), 466-89 View citations (23)
39. Uneven Development and the Liberalisation of Trade and Capital Flows: The Case of Mexico
    Cambridge Journal of Economics, 1998, 22, (3), 277-95 View citations (9)

1997

40. Measuring Effort
    Metroeconomica, 1997, 48, (3), 300-305 View citations (1)
41. On the Proper Use of Ordinal Variables--A Comment
    The Manchester School of Economic & Social Studies, 1997, 65, (5), 599-601
42. Stagflationary Consequences of Prudent Monetary Policy in a Unionized Economy
    Oxford Economic Papers, 1997, 49, (4), 609-22 View citations (56)
43. The “Big Push” in an Open Economy with Nontradable Inputs
    Journal of Post Keynesian Economics, 1997, 20, (1), 149-162 View citations (9)

1996

44. Clower on Effective Demand
    Eastern Economic Journal, 1996, 22, (1), 89-96
45. Keynesian Theory and the Aggregate-Supply/Aggregate-Demand Framework: A Defense
    Eastern Economic Journal, 1996, 22, (3), 313-331 View citations (4)

1995

46. A Rational-Voter Explanation of the Cost of Ruling
    Public Choice, 1995, 83, (1-2), 159-72 View citations (15)
47. Cumulative Causation and the “New” Theories of Economic Growth
    Journal of Post Keynesian Economics, 1995, 17, (3), 381-402 View citations (5)
48. The economics of the profit rate--Competition, crises and historical tendencies in capitalism: Gerard Dumenil and Dominique Levy, (Edward Elgar, Aldershot, 1993), pp. xii + 390, ISBN 1 85278 760 0
    European Journal of Political Economy, 1995, 11, (1), 205-207

1993

49. Conflict, Wage Determination, and Hysteresis in U.K. Wage Determination
    Journal of Post Keynesian Economics, 1993, 15, (3), 365-386 View citations (3)

1992

50. Imperfect Competition and the Theory of the Falling Rate of Profit
    Review of Radical Political Economics, 1992, 24, (1), 101-113 View citations (2)
51. Introduction: Conflict, inflation and the distribution of income
    European Journal of Political Economy, 1992, 8, (4), 521-525

1989

52. Effective Demand, Class Struggle and Cyclical Growth
    International Economic Review, 1989, 30, (1), 231-47 View citations (52)

1988

53. Finance, Saving and Accumulation
    Cambridge Journal of Economics, 1988, 12, (3), 339-54 View citations (10)

1985

54. Increasing Returns and Involuntary Unemployment: Is There a Connection?
    Journal of Post Keynesian Economics, 1985, 7, (3), 395-402

1981

55. ON THE ‘KALDORIAN’ SAVING FUNCTION
    Kyklos, 1981, 34, (4), 563-581 View citations (17)
56. Technological Advance with Depletion of Innovation Possibilities: A Comment and Some Extensions
    Economic Journal, 1981, 91, (364), 977-87 View citations (4)

Books

2008

1. Conflict and Effective Demand in Economic Growth
   Cambridge Books, Cambridge University Press View citations (21)
   Also in Cambridge Books, Cambridge University Press (1989) View citations (108)

Chapters

2019

1. Challenges for post-Keynesian macroeconomics: a behavioural and structuralist perspective
   Chapter 2 in Progressive Post-Keynesian Economics, 2019, pp 16-33

2010

2. Growth, Instability and Cycles: Harrodian and Kaleckian Models of Accumulation and Income Distribution
   Chapter 5 in Handbook of Alternative Theories of Economic Growth, 2010 View citations (10)
   See also Working Paper (2008)

2008

3. Power, Productivity, and Profits
   Springer
   See also Working Paper (2007)

1999

4. Kaldor’s Growth Laws and the Principle of Cumulative Causation
   Palgrave Macmillan

1992

5. Inflation, Unemployment and the Distribution of Income
   Palgrave Macmillan

1991

6. Cyclical Growth in a Kaldorian Model
   Palgrave Macmillan