Review of Keynesian Economics

2013 - 2026

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

From Edward Elgar Publishing
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Volume 14, issue 2, 2026

Introduction: Robert Blecker’s contributions to the analysis of open economies pp. 151-154

Ricardo Summa, Gustavo Bhering and Nathalie Marins

Conflict and cooperation in international trade: Post Keynesian perspectives pp. 155-185

Robert A. Blecker

On the long-run neutrality of profits–wages ratios in the determination of international relative prices: an empirical evaluation pp. 186-204

Jacobo Ferrer and Luis Daniel Torres González

Income distribution and the balance-of-payments constraint: reconciling open-economy demand-led growth models pp. 205-226

João Emboava Vaz and Fabio Neves Perácio de Freitas

Global money and the balance of payments: how do global banks drive cross-country US dollar credit conditions? pp. 227-251

Iván Weigandi

The 1930s clearing agreements: another barter fable in monetary history pp. 252-267

Marcelo Bruchanski

The Mexican economy’s left turn: what’s right and what’s left? pp. 268-285

Juan Carlos Moreno-Brid and Edgar Pérez Medina

Investment share and economic growth in five Latin American countries (1993–2017) pp. 286-309

Jordão Fernandes de Andrade, Lucas Teixeira and Julia de Medeiros Braga

Book review Robert A. Blecker and Mark Setterfield, Heterodox Macroeconomics: Models of Demand, Distribution and Growth (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2019) 592 pp pp. 310-313

Lucas Teixeira

Book review E. Majerowicz and E. Paraná (eds), China in Contemporary Capitalism (Koninklijke Brill BV, Leiden, the Netherlands 2024) 220 pp pp. 314-316

Nicholas Trebat

Volume 14, issue 1, 2026

The Godley–Tobin Memorial Lecture pp. 1-14

J. Bradford DeLong

The critical role of ‘conventional beliefs’ in economics pp. 15-38

Biagio Bossone

Rethinking conflict inflation: the hybrid Keynesian–NAIRU character of the conflict Phillips curve pp. 39-68

Thomas Palley

Anchored inflation with differential inflation benchmarks pp. 69-87

Thomas R. Michl

Tipping the scales in emerging economies: the role of exports and their drivers within the growth model perspective pp. 88-119

Vinícius da Silva Centeno

Autonomous demand, expectations and calibration: simulating demand-led growth pp. 120-144

Graham White

Book review Jan Toporowski, Interest and Capital: The Monetary Economics of Michał Kalecki (Oxford University Press, Oxford, UK 2022) 194 pp pp. 145-147

Ayoze Alfageme Ramirez

Book review Quinn Slobodian, Hayek’s Bastards: Race, Gold, IQ, and the Capitalism of the Far Right (Zone Books, New York, NY, USA 2025) 416 pp pp. 148-150

Matías Vernengo

Volume 13, issue 4, 2025

Introduction: the revival of industrial policy pp. 461

Esteban Pérez Caldentey

Industrial policy: theoretical paradigms, tools and strategic directions pp. 464-493

Giovanna Ciaffi, Matteo Deleidi and Lorenzo Dorato

The place of industrial policy in Keynes’s thinking pp. 494-505

Robert Skidelsky

Industrial policy – so near and yet so far pp. 506-518

James K. Galbraith

China as leading innovator, and as challenger to US hegemony? pp. 519-535

Robert H. Wade

How does China’s industrial policy work? pp. 536-561

Alicia García-Herrero

A new international economic order for the twenty-first century: an agenda for industrial and trade policies from the Global South pp. 562-580

José Miguel Ahumada and Ha-Joon Chang

Erratum Assessing the political aspects of full employment: evidence from work stoppages, Review of Keynesian Economics, 13(3), 352–376 (2025) pp. 581

Luke Petach

Book review Jan Kregel, Financial Macroeconomics (Anthem Press, London, UK and New York, NY, USA 2024) 318 pp pp. 582-584

Dirk Bezemer

Book review S. Capraro, C. Panico and L. Torres-González, Inequality and Stagnation: A Monetary Interpretation (Routledge, London, UK and New York, NY, USA 2025) 378 pp pp. 585-587

Dirk Bezemer

Volume 13, issue 3, 2025

Aggregate demand can reduce monopsonistic exploitation pp. 339-351

Ian M. McDonald

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

Luke Petach

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

Riccardo Pariboni and Walter Paternesi Meloni

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

Eladio Febrero, Jorge Uxó and Óscar Dejuán

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

Fiona Maclachlan

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

Korkut A. Ertürk

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

Ivan D. Velasquez

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

Victor Isidro Luna

Volume 13, issue 2, 2025

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

Roberto Lampa and Matías Vernengo

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

Florencia Sember and Roberto Lampa

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

Alexandre Cunha, Denis Melnik and Eduardo Albuquerque

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

Ferran Portella-Carbó and Ramon Boixadera

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

Alberto Botta, Danilo Spinola, Giuliano Yajima and Gabriel Porcile

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

Gianmarco Oro

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

Deborah Noguera, Deborah Noguera and Gabriel Montes-Rojas

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

Pablo Ruiz Nápoles and Javier Castañeda León

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

Gabriel Brondino, Giacomo Cucignatto and Davide Villani

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

Tarron Khemraj

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

Tony Aspromourgos

Volume 13, issue 1, 2025

The Godley–Tobin Memorial Lecture pp. 1-20

Antonella Stirati

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

Joana David Avritzer and Lídia Brochier

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

Clara Zanon Brenck

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

Zico Dasgupta

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

Carlos Eduardo Drumond and Arslan Razmi

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

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

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

Mohit Arora

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

Carlo D’Ippoliti