This paper sets out to clarify the pattern of evolution of the local bank model in Italy by systematic study of their distinctive institutional and economic features. From the institutional point of view, local banks have historically adopted three different forms of governance in Italy: the...

[eng] This paper aims to show the evolution in the research project pursued in the first twenty issues of the Cahiers d'économie politique (CEP). First, I stress that the coherence of this project is due to the organization in the research work and to the consequent definition of the research...

[eng] The purpose of the paper is to analyze the role which, according to Schumpeter, is played by bank financing in the realization of innovative and imitative processes for the opening of various periods of cyclical evolution. The limits of an analysis in terms of supply and demand of credit...

[fre] Dans son article, La théorie de la demande effective chez / ?. Torrens (cf. ci- dessus), C. Benetti avance la thèse que l'originalité de l'analyse de Torrens réside dans les concepts de demande effective et de surproduction générale. Toutefois, Benetti juge la démonstration de la...

[eng] The analysis of the capitalist process of accumulation is deeply examined by Marx, Keynes and Schumpeter. To compare the theories of these three authors requires, in particular, to analyze the financing of and the changes in the production activity. In this paper we sum up, first, the...

This innovative book shows how new Keynesian economics has reacted to the challenges of new classical economics. It argues that new Keynesian economists have responded positively to the challenge and strengthened the analytical power of their models.

In spite of a richness of New Keynesian models that provide the microfoundations to money non-neutrality, a systematic New Keynesian monetary theory is not ripe. In this paper the authors wish to propose a unifying theoretical monetary framework for these models, based on sequential time,...