Working Papers

From Post Keynesian Economics Society (PKES)
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PKWP2218: Demand-growth in support of structural change: evidence from Nigeria’s formal manufacturing sector

Christina Wolf

PKWP2217: A baseline stock-flow model for the analysis of macroprudential regulation for Latin America and the Caribbean

Esteban Perez Caldentey, Lorenzo Nalin and Leonardo Rojas

PKWP2216: Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics

Zdravka Todorova

PKWP2215: The Impossible Quartet in a Demand Led Growth-Supermultiplier Model for a Small Open Economy

José Luís Oreiro and Julio Fernando Costa Santos

PKWP2214: Towards an explanation of a declining trend in capacity utilisation in the US economy

Santiago Gahn

PKWP2213: More on the limits of New Developmentalism

Thomas Palley

PKWP2212: Autonomous Demand and Technical Change: Exploring the Kaldor-Verdoorn Law on a Global Level

Matteo Deleidi, Claudia Fontanari and Santiago Gahn

PKWP2211: Capital Flows and the Eurozone's North-South Divide

Karsten Kohler

PKWP2210: Learning from distant cousins? Post-Keynesian Economics, Comparative Political Economy and the growth models approach

Engelbert Stockhammer and Karsten Kohler

PKWP2209: It is not la vie en rose. New insights from Graziani’s theory of monetary circuit

Marco Veronese Passarella

PKWP2208: Structural change in the US Phillips curve, 1948-2021: the role of power and institutions

Mark Setterfield and Robert Blecker

PKWP2207: Growth and Distribution regimes under Global Value Chains: Diversification, Integration and Uneven Development

Arpan Ganguly and Danilo Spinola

PKWP2206: On the monetary nature of savings: a critical analysis of the Loanable Funds Theory

Giancarlo Bertocco and Andrea Kalajzić

PKWP2205: Flexible exchange rates in emerging markets: shock absorbers or drivers of endogenous cycles?

Karsten Kohler and Engelbert Stockhammer

PKWP2204: Structuralist Development Macroeconomics and New Developmentalism: Theoretical Foundations and Recent Developments

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

Manuel Cruz

PKWP2202: A Modigliani-Miller Theorem for the Public Finances of Globalized Economies: Theory, Policy Implications, and Keynesian Reflections

Biagio Bossone

PKWP2201: Building blocks of a heterodox business cycle theory

Robert Calvert Jump and Engelbert Stockhammer

PKWP2122: Structural change, productive development and capital flows: Does financial “bonanza” cause premature de-industrialization?

Alberto Botta, Giuliano Toshiro Yajima and Gabriel Porcile

PKWP2121: Is a €10 trillion European climate investment initiative fiscally sustainable?

Rafael Wildauer, Stuart Leitch and Jakob Kapeller

PKWP2120: Exercising Economic Sovereignty in Today's Global Financial World: The Lessons from John Maynard Keynes

Biagio Bossone

PKWP2119: A European Wealth Tax for a Fair and Green Recovery

Jakob Kapeller, Stuart Leitch and Rafael Wildauer

PKWP2118: Hilferding, Woytinsky and the fiscal orthodoxy of interwar social democracy

Engelbert Stockhammer

PKWP2117: Bank Money Creation and the Payments System

Biagio Bossone

PKWP2116: Multiplicity and not necessarily heterogeneity: implications for the long-run degree of capacity utilization

Lorenzo Di Domenico

PKWP2115: Uneven Development in a Kaldor-Pasinetti-Verspagen Model of Growth and Distribution

José Luís Oreiro, Vitor Dotta and João Pedro Heringer Machado

PKWP2114: Exploring the theoretical link between profitability and luxury emissions

Stefano Di Bucchianico and Federica Cappelli

PKWP2113: Global Capital, the Exchange Rate, and Policy (In)Effectiveness

Biagio Bossone

PKWP2112: Expectational and Portfolio-Demand Shifts in a Keynesian Model of Monetary Growth Fluctuations

Greg Hannsgen and Tai Young-Taft

PKWP2111: Bank Seigniorage in a Monetary Production Economy

Biagio Bossone

PKWP2110: Financialization revisited: the economics and political economy of the vampire squid economy

Thomas Palley

PKWP2109: The price vs. non-price competitiveness conundrum: a post-Keynesian comparative political economy analysis

Walter Paternesi Meloni

PKWP2107: The Macroeconomics of Government Spending: Distinguishing Between Government Purchases, Government Production, and Job Guarantee Programs

Thomas Palley

PKWP2106: Life among the Econ: fifty years on

Thomas Palley

PKWP2105: How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis

Yannis Dafermos and Maria Nikolaidi

PKWP2104: What has driven the delinking of wages from productivity? A political economy-based investigation for high-income economies

Walter Paternesi Meloni and Antonella Stirati

PKWP2103: Peripherical Financialization and Premature Deindustrialization: A Theory and the Case of Brazil (2003-2015)

José Luís Oreiro, Carmem Feijo, Lionelo Franco Punzo and João Pedro Heringer Machado

PKWP2102: A Minimal Probabilistic Minsky Model: 3D Continuous-Jump Dynamics

Greg Hannsgen

PKWP2101: Pandemics and Aggregate Demand: a Framework for Policy Analysis

Peter Flaschel, Giorgos Galanis, Daniele Tavani and Roberto Veneziani

PKWP2024: European Monetary Union and Inequality: A Synthetic Control Approach

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

Eckhard Hein and Judith Martschin

PKWP2022: Post-Keynesian macroeconomic foundations for Comparative Political Economy

Engelbert Stockhammer

PKWP2021: Induced shifting involvements and cycles of growth and distribution

Michalis Nikiforos

PKWP2020: Why MMT can’t work: A Keynesian Perspective

Biagio Bossone

PKWP2019: Gross capital flows and the balance-of-payments: a balance sheet perspective

Karsten Kohler

PKWP2017: The interbank market, Keynes’s degree of confidence and the link between banks’ liquidity and solvency

Konstantinos Loizos

PKWP2016: Understanding Dollarization: a Keynesian/Kaleckian Perspective

Marco Missaglia

PKWP2015: The role of liquidity preference in a framework of endogenous money

Marco Missaglia and Alberto Botta

PKWP2014: Stability issues in Kaleckian models driven by autonomous demand growth – Harrodian instability and debt dynamics

Eckhard Hein and Ryan Woodgate

PKWP2013: The odd fiscal ‘implicit bargain’ in the Eurozone. A continental view of sovereignty: List, Chartalism, and Keynes’ international economics

Ignacio Ramirez Cisneros