Review of Keynesian Economics

2012 - 2025

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

From Edward Elgar Publishing
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Volume 9, issue 4, 2021

Rent-seeking and asset-price inflation: a total-returns profile of economic polarization in America* pp. 435-460

Michael Hudson

Financialization revisited: the economics and political economy of the vampire squid economy pp. 461–492

Thomas Palley

Financialization, premature deindustrialization, and instability in Latin America* pp. 493–511

Esteban Pérez Caldentey and Matías Vernengo

Globalization of capital, erosion of economic policy sovereignty, and the lessons from John Maynard Keynes pp. 512–520

Biagio Bossone

Effectiveness of capital controls in dampening international shocks pp. 521–551

Chokri Zehri

China: capital flight or renminbi internationalization? pp. 552–574

Paulo van Noije, Bruno De Conti and Marina Zucker-Marques

Book review: Geoff Mann, In the Long Run, We are All Dead: Keynesianism, Political Economy, and Revolution (Verso Books, London, UK 2017) 432 pp pp. 575–578

Nina Eichacker

Book review: Zachary D. Carter, The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes (Random House, New York, NY, USA 2020) 656 pp pp. 579–581

Matías Vernengo

Volume 9, issue 3, 2021

Distribution, wealth and demand regimes in historical perspective: the USA, the UK, France and Germany, 1855–2010 Online Appendices pp. 1-14

Engelbert Stockhammer, Joel Rabinovich and Niall Reddy

Household indebtedness, distribution, and bargaining power under distribution-induced technological change: a macroeconomic analysis pp. 297-318

Eric Kemp-Benedict and Y.K. Kim

Human capital accumulation, income distribution, and economic growth: a demand-led analytical framework pp. 319-336

Gilberto Lima, Laura Barbosa de Carvalho and Gustavo Pereira Serra

Distribution, wealth and demand regimes in historical perspective: the USA, the UK, France and Germany, 1855–2010 pp. 337-367

Engelbert Stockhammer, Joel Rabinovich and Niall Reddy

Omitted-variable bias in demand-regime estimations: the role of household credit and wage inequality in Brazil pp. 368-393

Julia Burle and Laura Barbosa de Carvalho

Wage- and profit-led growth regimes: a panel-data approach pp. 394-412

Guilherme de Oliveira and Eduardo Prado Souza

A note on ‘Wage-led versus profit-led demand regimes: the long and the short of it’ pp. 413-424

Lilian Rolim

Life among the Econ: 50 years on pp. 425-428

Thomas Palley

Book review: Ajit Sinha, A Revolution in Economic Theory: The Economics of Piero Sraffa (Palgrave Macmillan, Basingstoke, UK, New York, NY, USA and Melbourne, Australia 2016) 264 pp pp. 429-431

Enes Işık

Book review: Book review: Sergio Cesaratto, Heterodox Challenges in Economics: Theoretical Issues and the Crisis of the Eurozone (Springer, Cham, Switzerland 2020) 296 pp pp. 432-434

Karsten Kohler

Volume 9, issue 2, 2021

The macroeconomics of COVID-19: a two-sector interpretation pp. 165-174

Halvor Mehlum and Ragnar Torvik

Thirlwall's law is not a tautology, but some empirical tests of it nearly are pp. 175-203

Robert Blecker

A macroeconomic critique of integrated assessment environmental models: the case of Brazil pp. 204-231

Rafael Cattan and Florent McIsaac

External balance sheets of emerging economies: low-yielding assets, high-yielding liabilities pp. 232-252

Yılmaz Akyüz

Questioning the effect of the real exchange rate on growth: new evidence from Mexico pp. 253-269

Florencia Médici, Agustín Mario and Alejandro Fiorito

Expectations and exchange rates in a Keynes–Harvey model: an analysis of the Brazilian case from 2002 to 2017 pp. 270-288

Leandro Vieira Araújo Lima and Fábio Terra

Book review: Adem Yavuz Elveren, The Economics of Military Spending: A Marxist Perspective (Routledge, London, UK and New York, NY, USA 2019) 224 pp pp. 289-291

David M. Fields

Book review: Naomi Lamoreaux and Ian Shapiro (eds), The Bretton Woods Agreements: Together with Scholarly Commentaries and Essential Historical Documents (Yale University Press, New Haven, CT, USA 2019) 504 pp pp. 292-295

Adrien Faudot

Volume 9, issue 1, 2021

The Godley-Tobin memorial lecture: Animal spirits and viral popular narratives pp. 1-10

Robert J. Shiller

Can loss aversion shed light on the deflation puzzle? pp. 11-42

Jeanette Lye and Ian M. McDonald

Money creation in the modern economy: an appraisal pp. 43-60

Jacob Stevens

Explaining global imbalances: the role of central-bank intervention and the rise of sovereign wealth funds pp. 61-82

Richard Senner and Didier Sornette

The evolution of China's monetary policy: on the horns of a dilemma pp. 83-108

Ramaa Vasudevan

The evolution of China's monetary policy: on the horns of a dilemma pp. 109-138

Santiago Capraro and Carlo Panico

Monetary policy effectiveness in the liquidity trap: a switching regimes approach pp. 139-155

Dimitris Kirikos

Book review: Mauro L. Baranzini and Amalia Mirante, Luigi L. Pasinetti: An Intellectual Biography (Palgrave Macmillan, London, UK 2018) 390 pp pp. 156-159

Daniele Schilirò

Book review: George Selgin, Floored! How a Misguided Fed Experiment Deepened and Prolonged the Great Recession (CATO Institute, Washington, DC, USA 2018) 230 pp pp. 160-163

Ahmad A. Borazan

Volume 8, issue 4, 2020

In memoriam: Julio López Gallardo (22 September 1941 – 3 May 2020) pp. 469-471

Gerardo Gambero, Juan Carlos Moreno-Brid, Carlo Panico and Martín Puchet Anyul

What's wrong with Modern Money Theory: macro and political economic restraints on deficit-financed fiscal policy pp. 472–493

Thomas Palley

Beyond Modern Money Theory: a Post-Keynesian approach to the currency hierarchy, monetary sovereignty, and policy space pp. 494–511

Daniela Prates

Can tax competition boost demand? Causes and consequences of the global race to the bottom in corporate tax rates pp. 512–535

Ryan Woodgate

Employment hysteresis: an argument for avoiding front-loaded fiscal consolidations in the eurozone pp. 536–559

Paulo R. Mota, Abel L.C. Fernandes and Paulo B. Vasconcelos

Peripheral Europe beyond the Troika: assessing the ‘success’ of structural reforms in driving the Spanish recovery pp. 560–588

Luis Cárdenas, Paloma Villanueva, Ignacio Alvarez and Jorge Uxó

Macroeconomic performance under evolutionary dynamics of employee profit-sharing pp. 589–615

Gilberto Lima and Jaylson Silveira

Fiscal policy in a depressed economy: a note pp. 616–621

Robert Rowthorn

Book review: Aleksandr V. Gevorkyan, Transition Economies: Transformation, Development, and Society in Eastern Europe and the Former Soviet Union (Routledge, New York, NY, USA 2018) 272 pp pp. 622–623

Gonzalo Luis Fernández

Book review: Esteban Pérez Caldentey, Roy Harrod (Great Thinkers in Economics, Palgrave Macmillan, London, UK 2019) 455 pp pp. 624–628

Víctor Manuel Isidro Luna and Francisco Antonio Martínez Hernández

Volume 8, issue 3, 2020

Autonomous demand and the investment share: Online appendices pp. 1-14

Daniele Girardi and Riccardo Pariboni

Introduction to the symposium pp. 311-312

Ricardo Summa and Fabio Freitas

A baseline supermultiplier model for the analysis of fiscal policy and government debt pp. 313-338

Fabio Freitas

Workers' debt-financed consumption: a supermultiplier stock-flow consistent model pp. 339-364

Gabriel Vieira Mandarino, Claudio H. Dos Santos and Antonio Carlos Macedo e Silva

Stagnation and unnaturally low interest rates: a simple critique of the amended New Consensus and the Sraffian supermultiplier alternative pp. 365-384

Franklin Serrano, Ricardo Summa and Vivian Garrido Moreira

Some observations on endogeneity in the normal rate of capacity utilisation pp. 385-406

Brett Fiebiger

A critical evaluation of some Kaleckian proposals to deal with the issue of convergence towards normal capacity utilization pp. 407-427

Guilherme Haluska

Autonomous demand and the investment share pp. 428-453

Daniele Girardi and Riccardo Pariboni

Investment rate, growth, and the accelerator effect in the supermultiplier model: the case of Brazil pp. 454-466

Julia Braga

Book review: Nicola Acocella, Rediscovering Economic Policy as a Discipline (Cambridge University Press, Cambridge, UK 2018) 424 pp pp. 467-468

Matías Vernengo

Volume 8, issue 2, 2020

A Structuralist and Institutionalist developmental assessment of and reaction to New Developmentalism pp. 147-167

Carlos Aguiar de Medeiros

New and Classical Developmentalism compared: a response to Medeiros pp. 168-177

Luiz Carlos Bresser-Pereira

Modeling the real exchange rate: looking for evidence of wage-share effect pp. 178-194

Verónica De Jesús Romo and Julio López Gallardo

Making sense of Piketty's 'fundamental laws' in a Post-Keynesian framework: the transitional dynamics of wealth inequality pp. 195-219

Stefan Ederer and Miriam Rehm

Autonomous expenditures and induced investment: a panel test of the Sraffian supermultiplier model in European countries pp. 220-239

José A. Pérez-Montiel and Carles Manera Erbina

Distribution and capacity utilization in the United States: evidence from state-level data pp. 240-267

Luke Petach

Using non-linear estimation strategies to test an extended version of the Goodwin model on the US economy pp. 268-286

Julio Fernando Costa Santos and Ricardo Araujo

Understanding the Brazilian demand regime: a Kaleckian approach pp. 287-302

Bruno Tomio

Corrigendum pp. 303

Thomas Palley

Book review: Jane D'Arista, All Fall Down: Debt, Deregulation and Financial Crises (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2018) 240 pp pp. 304-306

Gökçer Özgür

Book review: John Smithin, Rethinking the Theory of Money, Credit, and Macroeconomics (Lexington Books, Lanham, MD, USA 2018) 239 pp pp. 307-309

Gregory A. Krohn

Volume 8, issue 1, 2020

The Godley-Tobin lecture pp. 1-20

Robert Rowthorn

Do current times vindicate Keynes and is New Keynesian macroeconomics Keynesian? pp. 21-22

Thomas Palley, Esteban Perez Caldentey and Matías Vernengo

Keynesian economics: can it return if it never died? pp. 23-35

Barry Eichengreen

THe much-exaggerated death of Keynesian economics pp. 36-45

Robert Dimand

Was Keynesian economics ever dead? If so, has it been resurrected? pp. 46-60

Steven Fazzari

Reviving Keynesianism: the modelling of the financial system makes the difference pp. 61-83

Peter Bofinger

The return of Keynes and the Phillips curve in Latin America: evidence from four countries pp. 84-101

Esteban Perez Caldentey, Nathan Perry and Matías Vernengo

Tobin (1975) meets rational expectations pp. 102-118

Emiliano Libman

Why does the history of economic thought neglect Post-Keynesian economics? pp. 119-137

Danielle Guizzo

Book review: Ann E. Davis, Money as a Social Institution: The Institutional Development of Capitalism (Routledge, New York, NY, USA 2017) 208 pp pp. 138-141

Victor Isidro Luna

Book review: Darrell M. West, The Future of Work: Robots, AI, and Automation (Brookings Institution Press, Washington, DC, USA 2018) 205 pp pp. 142-145

Kevin Cashman