Journal of Post Keynesian Economics

1978 - 2025

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Volume 40, issue 4, 2017

Is neo-Walrasian macroeconom(etr)ics a dead end? An assessment of recent criticisms of DSGE models pp. 441-469

Roberto Marchionatti and Lisa Sella

Covered interest parity: The untestable hypothesis pp. 470-486

Imad Moosa

Currency devaluations, aggregate demand, and debt dynamics in economies with foreign currency liabilities pp. 487-511

Karsten Kohler

Inflation targeting and the need for a new central banking framework pp. 512-539

Mevlüt Tatlıyer

The contribution of minimum wage valorization policy to the decline in household income inequality in Brazil: A decomposition approach pp. 540-575

Alessandra Brito, Miguel Foguel and Celia Kerstenetzky

Labor supply: Toward the construction of an alternative conception from post Keynesian and institutional economics pp. 576-599

Eduardo Fernández-Huerga, Jorge García-Arias and Ana Salvador

Verdoorn’s law and productivity dynamics: An empirical investigation into the demand and supply approaches pp. 600-621

Guilherme Magacho and John McCombie

Piketty’s paradox, capital spillage, and inequality pp. 622-635

Craig Medlen

The Piketty-Kaldor paradox of growth: Reply to Medlen pp. 636-637

Alan Day Haight

Reply to Alan Day Haight pp. 638-640

Craig Medlen

Volume 40, issue 3, 2017

Rethinking liquidity creation: Banks, shadow banks and the elasticity of finance pp. 279-299

Yeva Nersisyan and Flavia Dantas

The transmission mechanism of monetary policy: Microeconomic aspects of macroeconomic issues pp. 300-326

Norberto Montani Martins, Camila Cabral Pires-Alves, André de Melo Modenesi and Karla Vanessa Batista da Silva Leite

Insights on endogenous money and the liquidity preference theory of interest pp. 327-348

Angel Asensio

Keynes against Kalecki on economic method pp. 349-375

Anna Carabelli and Mario Cedrini

Can a comparative capitalism approach explain fiscal policy activism? pp. 376-412

Thomas Kalinowski and Vladimir Hlasny

Financialization and Portuguese real investment: A supportive or disruptive relationship? pp. 413-439

Ricardo Barradas and Sérgio Lagoa

Announcing the Levy Economic Institute’s 9 Hyman P. Minsky summer seminar pp. 440-440

The Editors

Volume 40, issue 2, 2017

Some unpleasant currency-devaluation arithmetic in a post Keynesian macromodel pp. 145-167

Rafael Ribeiro, John McCombie and Gilberto Lima

: Reinterpreting the fundamental contradiction of capitalism pp. 168-182

M. J. Dávila-Fernández, José Luís Oreiro, L. F. Punzo and S. Bimonte

Keynes at the periphery: Currency hierarchy and challenges for economic policy in emerging economies pp. 183-202

Luiz Fernando de Paula, Barbara Fritz and Daniela M. Prates

On the effectiveness of capital controls during the Great Recession: The Brazilian experience (2007–2013) pp. 203-222

Cesar Rodrigues van der Laan, André Cunha and Marcos Tadeu Caputi Lélis

Long-run convergence in a neo-Kaleckian open-economy model with autonomous export growth pp. 223-238

Won Jun Nah and Marc Lavoie

Framing Modern Monetary Theory pp. 239-259

Louisa Connors and William Mitchell

The “Cambridge” critique of the quantity theory of money: A note on how quantitative easing vindicates it pp. 260-271

Maria Cristina Marcuzzo

From economic stagnation to systemic fragility? pp. 272-277

Jan Nederveen Pieterse

Volume 40, issue 1, 2017

Symposium: Dilemmas of exchange rate and monetary policies in Latin America pp. 1-8

Mario Damill and Roberto Frenkel

In search of stabilization and recovery: macro policy and reforms in Venezuela pp. 9-26

Leonardo Vera

Macroeconomic policy regimes, real exchange rate overvaluation, and performance of the Brazilian economy (2003–2015) pp. 27-42

José Luís Oreiro and Luciano D’Agostini

Inflation in Argentina during the 2000s pp. 43-60

Roberto Frenkel and Diego Friedheim

Challenges for the Chilean economy under cyclical shocks, 1999–2016 pp. 61-74

Ricardo Ffrench-Davis

Real exchange rate and export performance in Argentina, 2002–2008 pp. 75-94

Gabriel Palazzo and Martin Rapetti

Colombia’s macroeconomic challenges at the end of the supercycle of commodity prices pp. 95-111

Jose Antonio Ocampo, Jonathan Malagón and Carlos Alberto Ruiz

The lean times in the Peruvian economy pp. 112-129

Oscar Dancourt

Macroeconomic stability, structural reforms, and sluggish growth: The Mexican economy since 2008–2009 and the lessons of 2015 pp. 130-144

Jaime Ros

Volume 39, issue 4, 2016

Multilateralism and military Keynesianism: Completing the analysis pp. 437-443

Jan Toporowski

The colonization of the future: An alternative view of financialization and its portents pp. 444-472

Photis Lysandrou

Political aspects of the capital controversies and capitalist crises pp. 473-494

Nuno Martins

The exchange rate cycle in Argentina pp. 495-515

Jose Luis Nicolini-Llosa

Demand regimes and income distribution reconsidered in an open economy portfolio balance framework pp. 516-538

Arslan Razmi

Why does the investment rate not increase? Capital accumulation and stabilization policy in the 1990s and 2000s in Brazil pp. 539-561

Carmem Feijo, Marcos Tostes Lamônica and Julio Cesar Albuquerque Bastos

A nonbehavioral theory of saving pp. 562-592

Michalis Nikiforos

Macrodynamics of debt-financed investment-led growth with interest rate rules pp. 593-624

Soumya Datta

Announcing the Hyman P. Minsky summer seminar June 10–16, 2017 pp. 625-625

The Editors

Volume 39, issue 3, 2016

On the nature and role of financial systems in Keynes’s entrepreneurial economies pp. 287-307

Fernando Cardim de Carvalho

Rejoinder to Rosser, O'Donnell, and Carrión Álvarez and Ehnts on their criticisms of my ergodic/nonergodic formulation of Keynes's concept of an actuarial certain future vs. an uncertain future pp. 308-333

Paul Davidson

Functional income distribution and growth in Thailand: A post Keynesian econometric analysis pp. 334-360

Bruno Jetin and Ozan Ekin Kurt

Hyperinflation in a small open economy with a fixed exchange rate: A post Keynesian view pp. 361-386

Sebastien Charles and Jonathan Marie

Did globalization flatten the Phillips curve? U.S. consumer price inflation at the sectoral level pp. 387-410

Joe Seydl and Malcolm Spittler

Unconventional monetary policy, liquidity trap, and asset prices pp. 411-436

Felipe Rezende

Volume 39, issue 2, 2016

Third contribution to the ergodic/nonergodic critique: Reply to Davidson, part 2 pp. 145-171

Roderick O'Donnell

Monetary and fiscal policy interactions in a post Keynesian open-economy model pp. 172-186

Carlos Iwai Drumond and Cleiton Silva De Jesus

An additional explanation for the variable Keynesian multiplier: The role of the propensity to import pp. 187-205

Sebastien Charles

The legal theory of finance and the financial instability hypothesis: Convergences and possible integration pp. 206-227

Marcos Reis and Daniel Vasconcelos

An unlikely Phoenix: The recovery of Argentina’s monetary and financial system from its ashes in the 2000s and its lessons pp. 228-255

Mario Damill, Roberto Frenkel and Lucio Simpson

A post Keynesian theory for Tobin’s in a stock-flow consistent framework pp. 256-285

Javier López Bernardo, Engelbert Stockhammer and Félix López Martínez

Volume 39, issue 1, 2016

Samuelson and Davidson on ergodicity: A reformulation pp. 1-16

Miguel Carrión Álvarez and Dirk Ehnts

Second contribution to the ENE critique: Reply to Davidson, part 1 pp. 17-43

Rod O’Donnell

The state spends first: Logic, facts, fictions, open questions pp. 44-71

Sergio Cesaratto

United States income inequality: The concept of countervailing power revisited pp. 72-92

Jordan Brennan

Looking into the abyss? Brazil at the mid-2010s pp. 93-114

Fernando Cardim de Carvalho

Identifying the “financialization” of the nonfinancial corporation in the U.S. economy: A decomposition of firm-level balance sheets pp. 115-141

Leila Davis

Hartmut Elsenhans pp. 142-144

Anne Henow