Working Papers

From New School for Social Research, Department of Economics
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2505: Growth is wage-led in the long run

Jose Barrales-Ruiz, Ivan Mendieta-Muñoz, Codrina Rada and Rudiger von Arnim

2504: Energy Transition, Price-Quantity Market Interactions and Inflation – A Model-guided Study and CIVAR Empirics for the US Explaining Fossilflation and Greenflation

Pu Chen and Willi Semmler

2503: Revisiting the 'transformation problem' and iterative solutions under the light of intra- and inter-sectoral competition

Nikolaos Chatzarakis

2502: Distribution and Steady-State Growth Revisited

Mark Setterfield

2501: Animal Spirits, Keynesian stability, and the relationship between distribution and growth

Mark Setterfield

2415: The Mythical versus the Real-World Golden Age of Capitalism: A Robinsonian Perspective

Beatriz Estulano Vieira and Jorge Thompson Araujo

2414: Changing dynamics and tail risks of aggregate demand and income distribution

Jose Barrales-Ruiz and Ivan Mendieta-Muñoz

2413: Reduction of CO2 Emissions, Climate Damage and the Persistence of Business Cycles: A Model of (De)coupling

Ettore Gallo

2412: (Trying to) Catch Up with the Higher-Skilled Joneses: Student loans in a segmented educational market from a Post-Keynesian perspective

Gustavo Pereira Serra

2411: Implications of a Post Keynesian reframing of the Pakistani monetary system

Daniyal Khan

2410: Evidence on Goodwin cycles across US golden age and neoliberal era

Jose Barrales-Ruiz, Codrina Rada and Rudiger von Arnim

2409: Exploring the Profit-Investment Puzzle: A Post-Keynesian Analysis of Market Concentration and Stagnation

Zachary Knauss

2408: Capitalism Evolving: An Introduction to Social Structure of Accumulation Theory

Mark Setterfield

2407: Animal spirits and the Goodwin pattern

Mark Setterfield and George Wheaton

2406: Group Conflict, Racial Inequality, and Stratification

Brendan Brundage and Daniele Tavani

2405: Integrating the Social Reproduction of Labour into Macroeconomic Theory

Mark Setterfield

2404: Technical Change in Alternative Theories of Growth

Luca Zamparelli

2403: An exploration of neo-Goodwinian theory of cyclical growth

Codrina Rada, Ansel Shiavone and Rudiger von Arnim

2402: The Kalecki-Robinson Tradition in Post-Keynesian Growth Theory

Mark Setterfield

2401: Managing the Discontent of the Losers Redux: A Future of Authoritarian Neoliberalism or Social Capitalism?

Mark Setterfield

2311: The Classical Model of Growth and Distribution

Daniele Tavani

2310: Stagnation and cycles in Marx’s Circuit of Capital

Nikolaos Chatzarakis

2309: Endogenous Economic Resilience, Loss of Resilience, Persistent Cycles, Multiple Attractors, and Disruptive Contractions

Willi Semmler, Fabio Della Rossa, Giuseppe Orlando, Gabriel R. Padro Rosario and Levent Kockesen

2308: The Capability Approach and A Critique of the Design of Digital Spaces

Victoria Sgarro and Madhav Tipu Ramachandran

2307: Monetary Policy, Distribution and Autonomous Demand in the US

Maria Cristina Barbieri Goes and Joana David Avritzer

2306: Will hysteresis effects afflict the US economy during the post-COVID recovery?

Mark Setterfield

2305: Resilience and complex dynamics - safeguarding local stability against global instability

Willi Semmler, Fabio Della Rossa, Giuseppe Orlando, Gabriel R. Padro Rosario and Levent Kockesen

2304: The paradox of debt and Minsky cycle: Nonlinear effects of debt and capital, and variety of capitalism

Yuki Tada

2303: International Trade, Global Inequality and Specialization from a Political Economy Perspective

Clara Brenck and Duncan Foley

2302: Post-Keynesian growth theory and the supply side: a feminist-structuralist approach

Mark Setterfield

2301: Achieving two policy targets with one policy instrument: heterogeneous expectations, countercyclical fiscal policy, and macroeconomic stabilization at the effective lower bound

Gilberto Lima, Mark Setterfield and Jaylson Silveira

2212: Inequality, Debt Dynamics and the Incidence of Tax Rates: Addressing Macroeconomic Instability in a Post Keynesian Model

Clara Zanon Brenck

2211: The Informational Index of Income Inequality

Paulo L. dos Santos

2210: How Financially Fragile can Households Become? Household Borrowing, the Welfare State, and Macroeconomic Resilience

Mark Setterfield and Y.K. Kim

2209: Inflation and distribution during the post-COVID recovery: a Kaleckian approach

Mark Setterfield

2208: On the Long-Run Neutrality of Profits-Wages Ratios in the Determination of International Relative Prices Under Absolute Advantages

Luis Daniel Torres-Gonzalez, Jacobo Ferrer-Hernandez and Adrian Martınez

2207: Fundamental Uncertainty as Model Uncertainty

Owen F. Davis

2206: The crooked timber that bore fruit: Peruvian fascist intellectuals of the 1930s and the echoes of their influence nowadays

César Castillo-García

2205: Waves of Neoliberalism: Revisiting the Authoritarian patterns of capitalism in South America (1940-1990), part I

César Castillo-García

2204: Historical Time and the Current State of Post-Keynesian Growth Theory

Ettore Gallo and Mark Setterfield

2203: When is the Long Run? – Historical Time and Adjustment Periods in Demand-led Growth Models

Ettore Gallo

2202: Factor Income Distribution and Capital Accumulation in Peru, 1940-2019

César Castillo-García

2201: Structural change in the US Phillips curve, 1948-2021: the role of power and institutions

Mark Setterfield and Robert Blecker

2120: Neoliberalism: An entrenched but exhausted growth regime

Mark Setterfield

2119: Eigenvalues and Eigenlabors: On Iliadi’s, Mariolis’, Soklis’, and Tsoulfidis’ Explanation of the Empirical Regularities in Price Curves

Jacobo Ferrer-Hernández and Luis Daniel Torres-González

2118: The network origins of aggregate fluctuations: a demand-side approach

Emanuele Citera, Shyam Gouri Suresh and Mark Setterfield

2117: How Short is the Short Run in the Neo-Kaleckian Growth Model?

Ettore Gallo

2116: Stock Returns, Market Trends, and Information Theory: A Statistical Equilibrium Approach

Emanuele Citera

2115: Social Labor vs Human Capital: Competing Theories of Skills

Kyle Glenn

2114: How Do We Choose? Towards an Alternative Theory of Consumer Behavior

Kyle Glenn