Similar Search Results

Cyclical patterns of employment, utilization, and profitability

Zipperer, Ben; Skott, Peter - In: Journal of Post Keynesian Economics 34 (2011) 1, pp. 25-58

The interaction between income distribution, accumulation, employment, and the utilization of capital is central to macroeconomic models in the "heterodox" tradition. This article examines the stylized pattern of these variables using U.S. data for the period after 1948. We look at the trends...

Persistent link: https://www.econbiz.de/10010612927

U.S. growth, the housing market, and the distribution of income

Zezza, Gennaro - In: Journal of Post Keynesian Economics 30 (2008) 3, pp. 375-401

aim of this paper is to lay down a growth model, grounded in the Post Keynesian stock-flow-consistent approach of Godley … steady growth path. …

Persistent link: https://www.econbiz.de/10005750120

Long period interest rate rules in a demand-led Kaldor-Pasinetti-Sraffa-Keynes growth model

Docherty, Peter - In: Journal of Post Keynesian Economics 34 (2012) 3, pp. 521-546

This paper uses a detailed macroeconomic model characterized by demand-led growth, Sraffian pricing, and the Kaldor … monetary policy. Focus is placed on the development of interest rate rules that ensure balanced long-run growth with either …

Persistent link: https://www.econbiz.de/10010612915

Distributional dynamics in Post Keynesian growth models

Dutt, Amitava Krishna - In: Journal of Post Keynesian Economics 34 (2012) 3, pp. 431-452

This paper uses a set of simple Post Keynesian models of growth and distribution to provide a systematic analysis of … how growth affects income distribution through a number of alternative channels, thereby making possible a more complete … analysis of the interaction between growth and distribution than is possible in simpler models that concentrate on the effect …

Persistent link: https://www.econbiz.de/10010612916

Cycles of demand and distribution and monetary policy in the U.S. economy

Rezai, Armon - In: Journal of Post Keynesian Economics 36 (2013) 2, pp. 231-250

The role of monetary policy in the cyclical behavior of the labor share and capacity utilization in the U.S. economy is studied empirically. Previous estimation results remain robust; the inclusion of the rate of interest does not alter the underlying specification of the distributive demand...

Persistent link: https://www.econbiz.de/10010732211

Economic contradictions coming home to roost? Does the U.S. economy face a long-term aggregate demand generation problem?

PALLEY, THOMAS I. - In: Journal of Post Keynesian Economics 25 (2002) 1, pp. 9-32

Many argue that the current recession is the product of a temporary stock market wobble. This paper argues that the U.S. economy confronts deeper-seated problems concerning the aggregate demand generation process. For two decades, these problems have been obscured by a range of demand...

Persistent link: https://www.econbiz.de/10005750028

Inflation targeting, economic performance, and income distribution: a monetary macroeconomics analysis

ROCHON, LOUIS-PHILIPPE; ROSSI, SERGIO - In: Journal of Post Keynesian Economics 28 (2006) 4, pp. 615-638

Since the adoption of inflation targeting in New Zealand in 1990, a number of developed as well as developing and emerging market economies have followed suit. Often the sole goal of central bank policies, the strategy of inflation targeting is to reduce the inflation rate and, in some cases,...

Persistent link: https://www.econbiz.de/10005750059

The strange history of the Washington consensus

WILLIAMSON, JOHN - In: Journal of Post Keynesian Economics 27 (2004) 2, pp. 195-206

The term "Washington Consensus" was originally used to describe a list of ten reforms that I argued were practically universally agreed in Washington to be desirable in most Latin American countries as of 1989. It acquired alternative meanings over the years, one of which was a summary of the...

Persistent link: https://www.econbiz.de/10005750066

Inflation targeting and Keynes's political economy

Argitis, George - In: Journal of Post Keynesian Economics 31 (2008) 2, pp. 249-270

, unemployment, and low growth rates of gross domestic product. The econometric analysis that appears in this paper uses panel data … demand growth and the unemployment rate. …

Persistent link: https://www.econbiz.de/10005750071

Keynes and the reform of the capitalist social order

Carvalho, Fernando J. Cardim De - In: Journal of Post Keynesian Economics 31 (2008) 2, pp. 191-212

The ideas of Keynes have been appropriated by the political left in recent years. The condemnation of Keynes that was characteristic of critics speaking for the extreme right has become mainstream with the takeover of macroeconomic theory by schools such as new classical economics. But how...

Persistent link: https://www.econbiz.de/10005750093