Working Papers

From New School for Social Research, Department of Economics
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1525: $1.90 Per Day: What Does it Say?

Sanjay Reddy and Rahul Lahoti

1524: Savings from top incomes and accumulation in the United States context: Results from disaggregated national accounts

Rishabh Kumar

1523: Global Development Goals: If At All, Why, When and How?

Sanjay Reddy and Ingrid Harvold Kvangraven

1522: Time variation in the size of the multiplier: a Kalecki-Harrod approach

Mark Setterfield

1521: Path Dependency

Mark Setterfield

1520: Is there a New Economic Sociology Effect? A Topic Model on the Economic Orientation of Sociology, 1890 to 2014

Adel Daoud and Sebastian Kohl

1519: A Simple Analytical Model of the Adverse Real Effects of Inflation

Eduardo Bastian and Mark Setterfield

1518: Methodological, internal and ontological inconsistencies in the conventional micro-foundation of post-Keynesian theory

Christian Schoder

1517: Real and financial crises in the Keynes-Kalecki structuralist model: An agent-based approach

William Gibson and Mark Setterfield

1516: Won’t Get Fooled Again – Or Will We? Monetary Policy, Model Uncertainty, and ‘Policy Model Complacency’

Mark Setterfield

1515: On Joan Robinson’s Abandonment of Exploitation

Daniyal Khan

1514: Uncertainty and Contradiction: An Essay on the Business Cycle

Michalis Nikiforos

1513: Braaaaaaaains! The Undead Humbug Production Function: Now With Human Capital

Michael Isaacson

1512: A national public bank to finance a euro zone government: Getting the funds for investment and recovery packages

Oliver Picek

1511: Intermediation, Money Creation, and Keynesian Macrodynamics in Multi-agent Systems

William Gibson and Mark Setterfield

1510: Who Got What, Then And Now? A Fifty Year Overview From The Global Consumption And Income Project

Arjun Jayadev, Rahul Lahoti and Sanjay G. Reddy

1509: Is there scientific progress in macroeconomics? The case of the NAIRU

Dany Lang and Mark Setterfield

1508: Eurozone Imbalances: Measuring the Contribution of Expenditure Switching and Expenditure Volumes 1990-2013

Enno Schröder

1507: A Quantal Response Model of Firm Competition

Ellis Scharfenaker

1506: Thrift, stagnation and wealth distribution in a two class economy with applications to the United States

Rishabh Kumar

1505: A Cost of Production Model for Bitcoin

Adam Hayes

1504: The Decision to Produce Altcoins: Miners' Arbitrage in Cryptocurrency Markets

Adam Hayes

1503: Heterodox economics, social ontology, and the use of mathematics

Mark Setterfield

1502: Smith, Malthus and Recent Evidence in Global Population Dynamics

Xiao Jiang and Luis Villanueva

1501: Financial Output as Economic Input: Resolving the Inconsistent Treatment of Financial Services in the National Accounts

Jacob Assa

1406: What Factors Give Cryptocurrencies Their Value: An Empirical Analysis

Adam Hayes

1405: Multi-Agent Systems as a Tool for Analyzing Path-Dependent Macrodynamics

Mark Setterfield and Shyam Gouri Suresh

1404: Inequality, Debt Servicing, and the Sustainability of Steady State Growth

Mark Setterfield, Yk Kim and Jeremy Rees

1403: Rising Income Inequality, Increased Household Indebtedness, and Post Keynesian Macrodynamics

Mark Setterfield

1402: The Global Consumption and Income Project (GCIP): An Overview

Rahul Lahoti, Arjun Jayadev and Sanjay Reddy

1401: Business Confidence and Macroeconomic Dynamics in a Nonlinear Two-Country Framework with Aggregate Opinion Dynamics

Matthieu Charpe, Carl Chiarella, Peter Flaschel and Christian Proaño

1307: Migration feedback effects in networks: an agent-based model

Miriam Rehm and Asjad Naqvi

1306: Effective demand, exogenous normal utilization and endogenous capacity in the long run. Evidence from a CVAR analysis for the US

Christian Schoder

1305: Financialisation and Labour: What does Marikana tell us about Inequality in South Africa?

Rex McKenzie

1304: Financial Stress, Sovereign Debt and Economic Activity in Industrialized Countries: Evidence from Nonlinear Dynamic Panels

Christian Proaño, Christian Schoder and Willi Semmler

1303: Race & Gender Differences in the Experience of Earnings Inequality in the US from 1995 to 2010

Markus Schneider

1302: Economic Development, Structural Change and Women’s Labor Force Participation A Reexamination of the Feminization U Hypothesis

Isis Gaddis and Stephan Klasen

1301: Credit-Driven Investment, Heterogeneous Labor Markets and Macroeconomic Dynamics

Matthieu Charpe, Peter Flaschel, Hans-Martin Krolzig, Christian Proaño, Willi Semmler and Daniele Tavani

1208: SHELscape: a multi-agent policy toolkit

Miriam Rehm and Asjad Naqvi

1207: Capitalists, Workers, and Managers: Wage Inequality and Effective Demand

Daniele Tavani and Ramaa Vasudevan

1206: Rethinking Microeconomics: A Proposed Reconstruction

Anwar Shaikh

1205: Predicting German Recessions with a Composite Real-Time Dynamic Probit Indicator

Christian Proaño and Thomas Theobald

1204: Adopting a Currency Transaction Tax When Avoidance is a Possibility: Which Currencies Would Take the Lead and What Rate Could they Charge?

David Stubbs

1203: Current Account Imbalances and Economic Growth: a two-country model with real-financial linkages

Laura Barbosa de Carvalho

1202: Globalization as coordination failure: A Keynesian perspective

Rudiger von Arnim, Daniele Tavani and Laura Barbosa de Carvalho

1201: Hysteresis in the Kaleckian growth model: a Bayesian analysis for the US manufacturing sector from 1984 to 2007

Christian Schoder

1116: On the Desired Rate of Capacity Utilization

Michalis Nikiforos

1115: A ‘Walrasian Post-Keynesian’ model? Resolving the paradox of Oskar Lange's 1938 theory of interest

Roberto Lampa

1114: Should Monetary Policy Take Account of National Labor Market Asymmetries in a Currency Union?

Christian Proaño

1113: Classical and Neoclassical Theories of Offshore Outsourcing

Deborah Winkler and William Milberg

1112: Gradual wage-price adjustments, labor market frictions and monetary policy rules

Christian Proaño

1111: The Political Economy Implications of General Equilibrium Analysis in Open Economy Macro Models

Armon Rezai

1110: Goodwin Cycles, Distributional Conflict, and Productivity Growth

Armon Rezai

1109: Trade Expansion and Employment Generation: How Mercantilist Does China Have to Be?

Xiao Jiang

1108: Smith’s “Perfect Liberty” and Marx’s Equalized Rate of Surplus-Value

Jonathan Cogliano

1107: Stock market booms, endogenous credit creation and the implications of broad and narrow banking for macroeconomic stability

Carl Chiarella, Peter Flaschel, Florian Hartmann and Christian Proaño

1106: Methodenstreit 2011? Historical perspective on the contemporary debate over how to reform economics

Peter Spiegler and William Milberg

1105: Distribution and Capacity: Conceptual Issues and Empirical Evidence September

Michalis Nikiforos and Duncan Foley

1104: Excess Bank Reserves and Monetary Policy with a Lower-Bound Lending Rate September 2011

Tarron Khemraj and Christian Proaño

1103: Bargaining over Productivity and Wages when Technical Change is Induced: Implications for Growth, Distribution and Employment

Daniele Tavani

1102: Monetary Policy Rules and Macroeconomic Stabilization in Small Open Economies under Behavioral FX Trading: Insights from Numerical Simulations

Christian Proaño

1101: Growth cycles, asset prices, and finance

Lance Taylor