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Savings-recycling public employment : an assets-based approach to full employment and price stability

Forstater, Mathew - 1999

Persistent link: https://www.econbiz.de/10001397506

Revisiting (and connecting) Marglin-Bhaduri and Minsky : an SFC look at financialization and profit-led growth

Santos, Claudio Hamilton Matos dos; Silva, Antonio … - 2009

Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that: (1) this strategy is potentially misleading; (2) that the stock-flow...

Persistent link: https://www.econbiz.de/10003859971

The macroeconomics of a financial Dutch disease

Botta, Alberto - 2015

We describe the medium-run macroeconomic effects and long-run development consequences of a financial Dutch disease that may take place in a small developing country with abundant natural resources. The first move is in financial markets. An initial surge in foreign direct investment targeting...

Persistent link: https://www.econbiz.de/10011389217

The short- and long-run inconsistency of the expansionary austerity theory : a post-Keynesian/evolutionist critique

Botta, Alberto - 2016

This paper provides a critical analysis of expansionary austerity theory (EAT). The focus is on the theoretical …

Persistent link: https://www.econbiz.de/10011591477

Whither new consensus macroeconomics? : The role of government and fiscal policy in modern macroeconomics

Fontana, Giuseppe - 2009

In the face of the dramatic economic events of recent months and the inability of academics and policymakers to prevent them, the New Consensus Macroeconomics (NCM) model has been the subject of several criticisms. This paper considers one of the main criticisms lodged against the NCM model,...

Persistent link: https://www.econbiz.de/10003859884

New consensus macroeconomics : a critical appraisal

Arestis, Philip - 2009

This paper is concerned with the New Consensus Macroeconomics (NCM) in the case of an open economy. It outlines and explains briefly the main elements of and way of thinking about the macroeconomy from the standpoint of both its theoretical and its policy dimensions. There are a few problems...

Persistent link: https://www.econbiz.de/10003859900

Revisiting "New Cambridge" : the three financial balances in a general stock-flow consistent applied modeling strategy

Santos, Claudio Hamilton Matos dos; Silva, Antonio … - 2010

This paper argues that modified versions of the so-called “New Cambridge” approach to macroeconomic modeling are both quite useful for modeling real capitalist economies in historical time and perfectly compatible with the “vision” underlying modern Post-Keynesian stock-flow consistent...

Persistent link: https://www.econbiz.de/10003974894

The dismal state of macroeconomics and the opportunity for a new beginning

Wray, L. Randall - 2011

) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … leave out the parallel developments in finance theory - with its efficient markets hypothesis - and in approaches to … 12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …

Persistent link: https://www.econbiz.de/10008906589

Income distribution macroeconomics

Giovannoni, Olivier - 2014

Recent research stresses the macroeconomic dimension of income distribution, but no theory has yet emerged. In this …

Persistent link: https://www.econbiz.de/10010360021

Does the stock of money have any causal significance?

Arestis, Philip (contributor); … - 2002

Persistent link: https://www.econbiz.de/10003207995