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Working Papers

From Post Keynesian Economics Society (PKES)
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PKWP2226: Macroeconomic ingredients for a growth model analysis for peripheral economies. A post-Keynesian-structuralist approach Downloads
Engelbert Stockhammer
PKWP2225: Classical and Keynesian Models of Inequality and Stagnation Downloads
Codrina Rada, Daniele Tavani, Rudiger von Arnim and Luca Zamparelli
PKWP2224: A tale of housing cycles and fiscal policy, not competitiveness. Growth drivers in southern Europe Downloads
Engelbert Stockhammer and Andre Novas Otero
PKWP2223: Ecological Transition and Structural Change: A New-Developmentalist Analysis Downloads
Giulio Guarini and Jose Oreiro
PKWP2222: Foreign exchange reserves, imperfect substitutability of financial assets and the monetary policy quadrilemma Downloads
Thibault Laurentjoye
PKWP2221: An Estimation of Unemployment Hysteresis Downloads
Engelbert Stockhammer and Rob Calvert Jump
PKWP2220: Theorizing dollar hegemony, Part 1: the political economic foundations of exorbitant privilege Downloads
Thomas Palley
PKWP2219: Household credit-financed consumption and the debt service ratio: tackling endogenous autonomous demand in the Supermultiplier model Downloads
Joana David Avritzer and Lídia Brochier
PKWP2218: Demand-growth in support of structural change: evidence from Nigeria’s formal manufacturing sector Downloads
Christina Wolf
PKWP2217: A baseline stock-flow model for the analysis of macroprudential regulation for Latin America and the Caribbean Downloads
Esteban Perez Caldentey, Lorenzo Nalin and Leonardo Rojas
PKWP2216: Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics Downloads
Zdravka Todorova
PKWP2215: The Impossible Quartet in a Demand Led Growth-Supermultiplier Model for a Small Open Economy Downloads
José Luís Oreiro and Julio Fernando Costa Santos
PKWP2214: Towards an explanation of a declining trend in capacity utilisation in the US economy Downloads
Santiago Gahn
PKWP2213: More on the limits of New Developmentalism Downloads
Thomas Palley
PKWP2212: Autonomous Demand and Technical Change: Exploring the Kaldor-Verdoorn Law on a Global Level Downloads
Matteo Deleidi, Claudia Fontanari and Santiago Gahn
PKWP2211: Capital Flows and the Eurozone's North-South Divide Downloads
Karsten Kohler
PKWP2210: Learning from distant cousins? Post-Keynesian Economics, Comparative Political Economy and the growth models approach Downloads
Engelbert Stockhammer and Karsten Kohler
PKWP2209: It is not la vie en rose. New insights from Graziani’s theory of monetary circuit Downloads
Marco Veronese Passarella
PKWP2208: Structural change in the US Phillips curve, 1948-2021: the role of power and institutions Downloads
Mark Setterfield and Robert Blecker
PKWP2207: Growth and Distribution regimes under Global Value Chains: Diversification, Integration and Uneven Development Downloads
Arpan Ganguly and Danilo Spinola
PKWP2206: On the monetary nature of savings: a critical analysis of the Loanable Funds Theory Downloads
Giancarlo Bertocco and Andrea Kalajzić
PKWP2205: Flexible exchange rates in emerging markets: shock absorbers or drivers of endogenous cycles? Downloads
Karsten Kohler and Engelbert Stockhammer
PKWP2204: Structuralist Development Macroeconomics and New Developmentalism: Theoretical Foundations and Recent Developments Downloads
José Luís Oreiro and Kalinka Martins da Silva
PKWP2203: Labor productivity, real wages, and employment: evidence from a panel of OECD economies over 1960-2019 Downloads
Manuel Cruz
PKWP2202: A Modigliani-Miller Theorem for the Public Finances of Globalized Economies: Theory, Policy Implications, and Keynesian Reflections Downloads
Biagio Bossone
PKWP2201: Building blocks of a heterodox business cycle theory Downloads
Robert Calvert Jump and Engelbert Stockhammer
PKWP2122: Structural change, productive development and capital flows: Does financial “bonanza” cause premature de-industrialization? Downloads
Alberto Botta, Giuliano Toshiro Yajima and Gabriel Porcile
PKWP2121: Is a €10 trillion European climate investment initiative fiscally sustainable? Downloads
Rafael Wildauer, Stuart Leitch and Jakob Kapeller
PKWP2120: Exercising Economic Sovereignty in Today's Global Financial World: The Lessons from John Maynard Keynes Downloads
Biagio Bossone
PKWP2119: A European Wealth Tax for a Fair and Green Recovery Downloads
Jakob Kapeller, Stuart Leitch and Rafael Wildauer
PKWP2118: Hilferding, Woytinsky and the fiscal orthodoxy of interwar social democracy Downloads
Engelbert Stockhammer
PKWP2117: Bank Money Creation and the Payments System Downloads
Biagio Bossone
PKWP2116: Multiplicity and not necessarily heterogeneity: implications for the long-run degree of capacity utilization Downloads
Lorenzo Di Domenico
PKWP2115: Uneven Development in a Kaldor-Pasinetti-Verspagen Model of Growth and Distribution Downloads
José Luís Oreiro, Vitor Dotta and João Pedro Heringer Machado
PKWP2114: Exploring the theoretical link between profitability and luxury emissions Downloads
Stefano Di Bucchianico and Federica Cappelli
PKWP2113: Global Capital, the Exchange Rate, and Policy (In)Effectiveness Downloads
Biagio Bossone
PKWP2112: Expectational and Portfolio-Demand Shifts in a Keynesian Model of Monetary Growth Fluctuations Downloads
Greg Hannsgen and Tai Young-Taft
PKWP2111: Bank Seigniorage in a Monetary Production Economy Downloads
Biagio Bossone
PKWP2110: Financialization revisited: the economics and political economy of the vampire squid economy Downloads
Thomas Palley
PKWP2109: The price vs. non-price competitiveness conundrum: a post-Keynesian comparative political economy analysis Downloads
Walter Paternesi Meloni
PKWP2107: The Macroeconomics of Government Spending: Distinguishing Between Government Purchases, Government Production, and Job Guarantee Programs Downloads
Thomas Palley
PKWP2106: Life among the Econ: fifty years on Downloads
Thomas Palley
PKWP2105: How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis Downloads
Yannis Dafermos and Maria Nikolaidi
PKWP2104: What has driven the delinking of wages from productivity? A political economy-based investigation for high-income economies Downloads
Walter Paternesi Meloni and Antonella Stirati
PKWP2103: Peripherical Financialization and Premature Deindustrialization: A Theory and the Case of Brazil (2003-2015) Downloads
José Luís Oreiro, Carmem Feijo, Lionelo Franco Punzo and João Pedro Heringer Machado
PKWP2102: A Minimal Probabilistic Minsky Model: 3D Continuous-Jump Dynamics Downloads
Greg Hannsgen
PKWP2101: Pandemics and Aggregate Demand: a Framework for Policy Analysis Downloads
Peter Flaschel, Giorgos Galanis, Daniele Tavani and Roberto Veneziani
PKWP2024: European Monetary Union and Inequality: A Synthetic Control Approach Downloads
Florentin Kerschbaumer and Andreas Maschke
PKWP2023: Demand and growth regimes in finance-dominated capitalism and the role of the macroeconomic policy regime: a post-Keynesian comparative study on France, Germany, Italy and Spain before and after the Great Financial Crisis and the Great Recession Downloads
Eckhard Hein and Judith Martschin
PKWP2022: Post-Keynesian macroeconomic foundations for Comparative Political Economy Downloads
Engelbert Stockhammer
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