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 7, issue 4, 2019

Thirlwall's law at 40 pp. 427–428

Esteban Perez Caldentey and Matías Vernengo

Why Thirlwall's law is not a tautology: more on the debate over the law pp. 429-443

J.S.L. McCombie

Thirlwall's law and the terms of trade: a parsimonious extension of the balanceof-payments-constrained growth model pp. 444-462

Ignacio Perrotini-Hernández and Juan Alberto Vázquez-Muñoz

Thirlwall's law and the terms of trade: a parsimonious extension of the balanceof-payments-constrained growth model pp. 463-485

Esteban Perez Caldentey and Juan Carlos Moreno-Brid

Thirlwall's law, external debt sustainability, and the balance-of-payments-constrained level and growth rates of output pp. 486-497

Gustavo Bhering, Franklin Serrano and Fabio Freitas

Growth transitions and the balance-of-payments constraint pp. 498-516

Excellent Mhlongo and Kevin Nell

New Structuralism and the balance-ofpayments constraint pp. 517-536

Gabriel Porcile and Giuliano Toshiro Yajima

Is Indonesia's growth rate balance-ofpayments-constrained? A time-varying estimation approach pp. 537-553

Jesus Felipe, Matteo Lanzafame and Gemma Estrada

Thoughts on balance-of-paymentsconstrained growth after 40 years pp. 554-567

Anthony Thirlwall

James Crotty, Capitalism, Macroeconomics and Reality: Understanding Globalization, Financialization, Competition and Crisis (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2017) 448 pp pp. 568-569

Juan Matías De Lucchi

Volume 7, issue 3, 2019

Convergence in a neo-Kaleckian model with endogenous technical progress and autonomous demand growth pp. 275-291

Won Jun Nah and Marc Lavoie

A Neo-Kaleckian model of skill-biased technological change and income distribution pp. 292-307

Antonio Neto and Rafael Ribeiro

Some obstacles to wage-led growth pp. 308-320

J.E. King

Who should bear the pain of price competition? A Kaleckian approach pp. 321-340

Shinya Fujita

Differences in wage-determination systems between regular and non-regular employment in a Kaleckian model pp. 341-360

Ryunosuke Sonoda and Hiroaki Sasaki

Risk-sharing by financial markets in federal systems: a critique of existing empirical assessments pp. 361-368

Sebastian Dullien

The process of endogenous liquidity in developing economies: the case of Mexico pp. 369-387

Luis Alfredo Castillo Polanco and Ted P. Schmidt

Interest-rate causality between the federal funds rate and long-run market interest rates pp. 388-401

Hongkil Kim

The Post-Keynesian endogenous-money supply: evidence from Poland pp. 402-418

Gracjan Robert Bachurewicz

Book review: Barry Eichengreen, Arnaud Mehl and Livia Chiţu, How Global Currencies Work: Past, Present, and Future (Princeton University Press, Princeton, NJ, USA 2017) 272 pp pp. 419-422

Aleksandr Gevorkyan

Book review: Ilene Grabel, When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence (MIT Press, Cambridge, MA, USA 2018) 400 pp pp. 423-426

Guillaume Vallet

Volume 7, issue 2, 2019

The economics of negative interest rates pp. 135-136

Thomas Palley, Louis-Philippe Rochon and Guillaume Vallet

How low can we go? The limits of monetary policy pp. 137-150

Steven Pressman

The fallacy of the natural rate of interest and zero lower bound economics: why negative interest rates may not remedy Keynesian unemployment pp. 151-170

Thomas Palley

Negative interest rates: a Keynesian perspective pp. 171-184

Fiona Maclachlan

Unconventional monetary policy and negative interest rates: a Post-Keynesian perspective on the liquidity trap and euthanasia of the rentier pp. 185-200

Olivia Bullio Mattos, Felipe Da Roz, Fernanda Oliveira Ultremare and Guilherme Santos Mello

On the normality of negative interest rates pp. 201-219

Matheus R. Grasselli and Alexander Lipton

The dangerous ineffectiveness of negative interest rates: the case of Switzerland pp. 220-232

Sergio Rossi

Negative interest rates in the eurozone pp. 233-246

Domenica Tropeano

The effect of negative policy rates on the interest-rate pass-through mechanism in the eurozone pp. 247-262

Yannis Panagopoulos and Ekaterini Tsouma

Hoarding, saving, and the paradox of thrift in a financial economy pp. 263-267

Srinivas Thiruvadanthai

Reply to Srinivas Thiruvadanthai pp. 268-270

Nicholas Rowe

Book review: Amelia Correa and Romar Correa, Stock-Flow-Consistent Models and Institutional Variety (Vernon Press, Wilmington, DE, USA 2017) 126 pp pp. 271-273

Sylvio Antonio Kappes and Marcelo Milan

Volume 7, issue 1, 2019

A global macroeconomics – yes, macroeconomics, dammit – of inequality and income distribution pp. 1-5

James K. Galbraith

Combating hysteresis with output targeting pp. 6-27

Thomas Michl and Kayla M. Oliver

Time variation in the size of the multiplier: a Kalecki–Harrod approach pp. 28-42

Mark Setterfield

On Harrodian instability: two stabilizing mechanisms may be jointly destabilizing pp. 43-56

Reiner Franke

Demand effects of fiscal policy since 2008 pp. 57-74

Engelbert Stockhammer, Walid Qazizada and Sebastian Gechert

Has French budgetary policy since the 1970s been truly Keynesian? pp. 75-93

Sebastien Charles, Thomas Dallery and Jonathan Marie

The private saving glut and the developed countries' government financial balance pp. 94-107

Leon Podkaminer

China's economic success: evidence regarding the role of fiscal policy pp. 108-130

Xiao Kong and Feng Feng

Book review: Peter Temin, The Vanishing Middle Class: Prejudice and Power in a Dual Economy (MIT Press, Cambridge, MA, USA 2017) 256 pp pp. 131-134

Bradley Bordiss

Volume 6, issue 4, 2018

Milton Friedman's presidential address at 50 pp. 419-420

Thomas Palley and Matías Vernengo

A theory is a sometime thing pp. 421-424

Robert Solow

Friedman and Phelps on the Phillips curve viewed from a half century's perspective pp. 425-436

Robert J. Gordon

Why the fuss? Friedman (1968) after 50 years pp. 437-445

David Laidler

The role of financial policy pp. 446-460

Roger Farmer

Why is labour market adjustment so slow in Friedman's presidential address? pp. 461-472

James Forder

Recovering Keynesian Phillips curve theory: hysteresis of ideas and the natural rate of unemployment pp. 473-492

Thomas Palley

A short story of the Phillips curve: from Phillips to Friedman… and back? pp. 493-516

Antonella Stirati and Walter Paternesi Meloni

The wrong track also leads someplace: Milton Friedman's presidential address at 50 pp. 517-532

Servaas Storm

The relationship between inflation and unemployment: a critique of Friedman and Phelps pp. 533-544

Louis-Philippe Rochon and Sergio Rossi

Book review: Giancarlo Bertocco, Crisis and the Failure of Economic Theory: The Responsibility of Economists for the Great Recession (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2017) 250 pp pp. 545-549

Esteban Perez Caldentey

Book review: Aleksander Gervokyan and Otaviano Canuto (eds), Financial Deepening and Post-Crisis Development in Emerging Markets (Palgrave Macmillan, New York, NY, USA 2016) 279 pp pp. 550-553

Richard E. Itaman

Volume 6, issue 3, 2018

Is planet Earth as a whole likely to be wage-led? pp. 289–306

Arslan Razmi

The impact of economic policy and structural change on gender employment inequality in Latin America, 1990–2010 pp. 307–332

Elissa Braunstein and Stephanie Seguino

Growth dilemmas in open middle-income economies: a reflection on Mexico's recent experience pp. 333-351

Julio López G.

Income distribution and the balance of payments: a formal reconstruction of some Argentinian structuralist contributions- Part I: Technical dependency pp. 352-368

Ariel Dvoskin and German Feldman

Income distribution and the balance of payments: a formal reconstruction of some Argentinian structuralist contributions - Part II: Financial dependency pp. 369-386

Ariel Dvoskin and German Feldman

The financial instability hypothesis and the paradox of debt: a microeconometric approach for Latin America pp. 387-410

Alejandro González and Esteban Pérez-Caldentey

Book Review: Piero Ferri, Aggregate Demand, Inequality and Instability (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2016) 192 pp pp. 411-412

Jesper Jespersen

Book Review: Edith T. Penrose, The Large International Firm in Developing Countries: The International Petroleum Industry, First Edition (Routledge, Abingdon, UK and New York, NY, USA 1968 [2013]) 311 pp pp. 413-417

Alberto D'Ansi Mendoza España

Volume 6, issue 2, 2018

A predator–prey model to explain cycles in credit-led economies pp. 159-179

Óscar Dejuán and Daniel Dejuán-Bitriá

Inflation targeting when devaluations are contractionary pp. 180-201

Emiliano Libman

A Minskyan critique of the financial constraint approach to financialization pp. 202-220

Ilhan Dögüs

The financial crisis in the eurozone: a balance-of-payments crisis with a single currency? pp. 221-239

Eladio Febrero, Jorge Uxó and Fernando Bermejo

The nature of the eurocrisis: a reply to Febrero, Uxó and Bermejo pp. 240-251

Sergio Cesaratto

A rejoinder to Sergio Cesaratto pp. 252-254

Eladio Febrero, Jorge Uxó and Fernando Bermejo

Rebalancing Keynes's contribution pp. 255-263

Bradley Bordiss and Vishnu Padayachee

Comment on 'Rebalancing Keynes's contribution' by Bordiss and Padayachee pp. 264-265

Peter Temin and David Vines

John Maynard Keynes: the economist as investor pp. 266-281

Carlo Cristiano and Maria Cristina Marcuzzo

Book review: Pasquale Tridico, Inequality in Financial Capitalism (Routledge, London, UK and New York, NY, USA 2017) 236 pp pp. 282-284

Riccardo Pariboni

Book review: Jack Reardon (ed.), The Handbook of Pluralist Economics Education (Routledge, Abingdon, UK and New York, NY, USA 2009) 304 pp pp. 285-288

J.W. Mason

Volume 6, issue 1, 2018

Rethinking macroeconomic theory before the next crisis pp. 1-21

Marc Lavoie

The new macroeconomics has no clothes pp. 22-33

Colin Rogers

Have we been here before? Phases of financialization within the twentieth century in the US pp. 34-61

Apostolos Fasianos, Diego Guevara and Christos Pierros

The endogenous finance of global-dollar-based financial fragility in the 2000s: a Minskyan approach pp. 62-82

Junji Tokunaga and Gerald Epstein

The US dollar and its payments system: architecture and political implications pp. 83-95

Adrien Faudot

Financialisation and corporate investments: the Indian case pp. 96-113

Sunanda Sen and Zico Dasgupta

The static Sraffian multiplier for the Greek economy: evidence from the Supply and Use Table for the year 2010 pp. 114-147

Theodore Mariolis and George Soklis

Book review: Valeria Mosini, Reassessing the Paradigm of Economics: Bringing Positive Economics into the Normative Framework (Routledge, London, UK 2012) 164 pp pp. 148-151

João Felippe Cury Marinho Mathias

Book review: Louis-Philippe Rochon and Sergio Rossi (eds), An Introduction to Macroeconomics: A Heterodox Approach to Economic Analysis (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2014) 432 pp pp. 152-156

Daniele Tori

Book review: Rickard P.F. Holt (ed.), The Selected Letters of John Kenneth Galbraith (Cambridge University Press, New York, NY, USA 2017) 744 pp pp. 157-158

Paul Davidson