Review of Political Economy

1997 - 2025

Current editor(s): Steve Pressman and Louis-Philippe Rochon

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Volume 37, issue 3, 2025

Monetary Policy and Income Distribution: The Pasinetti Index pp. 715-718

Sylvio Kappes and Louis-Philippe Rochon

Where do the Pasinetti Rule and the Pasinetti Index Come from? pp. 719-733

Marc Lavoie and Mario Seccareccia

Distributional Regimes in the US — The Pasinetti Index and the Monetary Policy Effects on Income Distribution pp. 734-755

Pedro Hugo Clavijo Cortes, Sylvio Antonio Kappes and Louis-Philippe Rochon

Monetary Policy and the Pasinetti Index: A Stock Flow Model for Latin American Economies pp. 756-786

Lorenzo Nalin, Leonardo Rojas Rodriguez, Esteban Perez Caldentey and Giuliano Yajima

Revisiting the Pasinetti Index: Understanding Its Cyclical and Long-Term Features and Its Important Implications for Macroeconomic Policy pp. 787-810

Guillermo Matamoros and Mario Seccareccia

The Distributive Impact of Unconventional Monetary Policies: Old and New pp. 811-834

Lucio Gobbi, Carlo D’Ippoliti and Jacopo Temperini

The Pasinetti Index and the Rise of Inequality in the Age of Unconventional Monetary Policy in Japan pp. 835-866

Yuki Tada and Kazuhiro Kurose

Monetary Policy and Income Distribution: Some Reflections on the Pasinetti Rule pp. 867-886

Enrico Sergio Levrero and Antonino Lofaro

Public Banks and Public Purpose: From Pandemic Responses to Future Climate Prospects pp. 887-895

Diana V. Barrowclough and Thomas Marois

The Role of Public Development Banks During the Pandemic: Impact Evaluation of BICE's Innovative Credit Response pp. 896-914

Alejandro M. Danon, Rafael Tessone and Guido Zack

The Double Function of Turkey’s Public Banks and Reinterpretation of Mandates during the Covid-19 Pandemic pp. 915-936

Ali Rıza Güngen

From State Developmentalism to Financial Populism: The ‘Bank of Welfare' and Mexico’s Moral Economy pp. 937-964

Nadine Reis and Germán Vargas Magaña

Mandate Matters: Evolving Views and Counter-cyclical Surprises from the World’s Newest, Southern-led, Multilateral Development Banks* pp. 965-989

Diana Barrowclough

National and Multilateral Development Banks during the COVID-19 Pandemic: The Role of the IADB and CDC-BII during the Second Phase pp. 990-1010

Marco Carreras and Stephany Griffith-Jones

Public Development Banks as Essential Infrastructure: Covid, the KfW, and Public Purpose pp. 1011-1035

Thomas Marois

The Italian Development Bank: A Dynamic View of CDP’s Public Mission pp. 1036-1059

Anita Quas and Daniela Vandone

Public Banking, Overlapping Emergencies, and the Eurozone Periphery: The Portuguese Case pp. 1060-1086

Victoria Stadheim

The Fourth International Workshop on Demand-Led Growth: Extensions from Conflict Inflation pp. 1087-1089

Ricardo Summa and Salewa Olawoye

Tax Incidence and Distribution in a Sraffian Conflict Inflation Framework pp. 1090-1111

Franklin Serrano, Gabriel Aidar and Gustavo Bhering

Distributive Conflict, High Inflation, and Stabilization Programs in a Small Open Economy Framework: The Case of Argentina in the 1980s pp. 1112-1137

Ramiro E. Alvarez

Unraveling Growth Models in Peripheral Economies: Kalecki’s Political Business Cycle and Brazil’s ‘Pink Tide’ Experience pp. 1138-1163

Pedro Romero Marques

Understanding the Intellectual Traditions of Claudia Goldin’s Nobel Winning Work on Gender and its Context in Feminist Economics pp. 1164-1185

Sarah F. Small, Milena Dehn and Laura Beltran-Figueroa

ECB policies Since the Financial Crisis: A Monetary Circuit and a Post-Keynesian Perspective pp. 1186-1200

Domenica Tropeano

Did the ECB React Defensively During the Great Financial Crisis? A Reply to Tropeano pp. 1201-1209

Eladio Febrero, Jorge Uxó and Óscar Dejuán

Are LTROs Monetary Policy Operations or Is the Central Bank Behaving as a Market Maker of Last Resort? A Reply to Febrero, Uxó and Dejuán pp. 1210-1215

Domenica Tropeano

Volume 37, issue 2, 2025

Introduction to the Special Issue on the 20th STOREP Conference: Rethinking Economic Policies: The Role of the State in the Post-Covid-19 pp. 331-333

Angela Ambrosino, Enrico Bellino, Mario Cedrini, Matteo Deleidi and Santiago J. Gahn

To Intervene or Not to Intervene: This Is Smith’s Problem pp. 334-343

Maria Pia Paganelli

The Revival of Industrial Policies in the EU? pp. 344-368

Maria Cristina Barbieri Góes and Gianfranco Viesti

Innovation and Demand as Drivers of Labour Productivity: An Integrated Analysis for OECD Countries pp. 369-391

Giovanna Ciaffi

Examining the Writings of Satoshi Nakamoto: A Monetary Analysis of the Bitcoin Protocol pp. 392-411

Christophe Depoortère

Circular vs One-Way Production Processes: Two Different Views on Production and Income Distribution pp. 412-430

Enrico Bellino and Gabriel Brondino

The Efficient Triangle: Export Persistence, Human Capital, and Productivity pp. 431-455

Eleonora Bartoloni, Maurizio Baussola, Andrea Marino and Davide Romaniello

Measuring Patriarchy in Italy pp. 456-473

Erica Aloè, Marcella Corsi and Giulia Zacchia

The Dependence of Growth on the Profitability of Capital in the Kaleckian Literature: A Critical Evaluation pp. 474-499

Attilio Trezzini and Luigi Salvati

Does the Technological Transformation of Firms Go Along With More Employee Control Over Working Time? Empirical Findings From an EU-Wide Combined Dataset pp. 500-522

Nathalie Greenan and Silvia Napolitano

Anti-Inflation Policies in the Evolution of Federico Caffè’s Economic Thought pp. 523-542

Riccardo Baioni

Consumption as a Social Phenomenon in the Modern Theory of Intertemporal Choice pp. 543-563

Daria Pignalosa

Is CBDC undermining the Process of Money Creation? pp. 564-592

Samuele Bibi and Rosa Canelli

Does the Dollar Global Financial System Simply Intermediate Savings? pp. 593-612

Domenica Tropeano

Moving Forward When There Are No Dollars: A Guide to Public Investment in Face of the Balance-of-Payments Constraint pp. 613-636

Basil Oberholzer

The Nexus of Public Debt and Private Finance: Forging the International Monetary Order pp. 637-656

Ramaa Vasudevan

Economic Growth Driven by the Mexican Fourth Transformation Policy pp. 657-680

José María González Lara, Laura Policardo and Edgar Sánchez Carrera

Who are the Gatekeepers of Economics? Geographic Diversity, Gender Composition, and Interlocking Editorship of Journal Boards pp. 681-708

Alberto Baccini and Cristina Re

State building and social policies in developing countries: the political economy of development pp. 709-713

Md. Zobayer Hossain

Statecraft and the Political Economy of Capitalism pp. 713-714

Georgi Asatryan

Volume 37, issue 1, 2025

The Conceptual Resilience of the Atomistic Individual in Mainstream Economic Rationality pp. 1-20

Stavros Drakopoulos

Beyond Job Guarantee: The Employer of Last Resort Program as a Tool to Promote the Energy Transition pp. 21-52

Giuliano Toshiro Yajima

A Post-Keynesian Framework for Exchange Rate Equilibrium: Simulations for the Brazilian Economy pp. 53-71

Lúcio Otávio Seixas Barbosa and Douglas Alencar

The Brazilian Economic Regimes and the Possibility of a Regime Switch pp. 72-91

Lilian Rolim and Carolina Baltar

World Profit Rates, 1960–2019 pp. 92-107

Deepankar Basu, Julio Huato, Jesus Lara Jauregui and Evan Wasner

Financial Instability and Income Inequality: Why the Minsky–Piketty Connection Matters for Macroeconomics pp. 108-141

Filippo Gusella and Anna Maria Variato

What You See Is …. Not All There Is: Global Income Inequality From a Quasi-Marxist Perspective pp. 142-164

Rishabh Kumar

Merchants of Debt at the Extreme Overnight: Re-Considering Monetary Theories via Rollover-Induced Interbank Frictions pp. 165-182

Jessica Reale

Uneven Effects, an Evolutionary Model of Poverty Traps After Trade Liberalization pp. 183-201

Leopoldo Gómez-Ramírez and María Padilla-Romo

Deciphering the Chinese Economic Miracle: The Resolution of an Age-Old Economists’ Debate — and its Central Role in Rapid Economic Development pp. 202-226

Kun Duan, Plamen Ivanov and Richard Werner

A Historical Review of the Role of Education: From Human Capital to Human Capabilities pp. 227-244

Silvia Leoni

Economics Imperialism and Economic Imperialism: Two Sides of the Same Coin pp. 245-263

Angela Ambrosino, Mario Cedrini and John Davis

Globalization of Production and Absolute Advantage in a Classical Approach pp. 264-282

Pedro S. Machado

A Note on Capital in a Functional Analysis of the Traditional Banking Industry pp. 283-296

Riccardo Zolea

Augusto Graziani on Italian Economic Development (1950–1970) pp. 297-321

Giorgio Colacchio, Guglielmo Forges Davanzati and Andrea Pacella

Macroeconomics after Kalecki and Keynes: Post-Keynesian Foundations pp. 322-325

Marc Lavoie

The Political Economy of Central Banking in Emerging Economies pp. 325-329

Fatih Kırşanlı