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Inflation and distribution during the post-COVID recovery
Setterfield, Mark - 2022
The early stages of recovery from the recession induced by the COVID-19 pandemic have been accompanied by a marked increase in inflation in the US and elsewhere. Much has been made of this outcomes, and the economic distress associated with it, in popular discussion of the economy. This paper...
Persistent link: https://www.econbiz.de/10014329443
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Inflation and distribution during the post-COVID recovery
Setterfield, Mark - 2022
The early stages of recovery from the recession induced by the COVID-19 pandemic have been accompanied by a marked increase in inflation in the US and elsewhere. Much has been made of this outcomes, and the economic distress associated with it, in popular discussion of the economy. This paper...
Persistent link: https://www.econbiz.de/10014327603
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Inflation and Distribution during the post-COVID Recovery : A Kaleckian Approach
Setterfield, Mark - 2022
The early stages of recovery from the recession induced by the COVID-19 pandemic have been accompanied by a marked increase in inflation in the US and elsewhere. Much has been made of this outcomes, and the economic distress associated with it, in popular discussion of the economy. This paper...
Persistent link: https://www.econbiz.de/10014243552
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Whatever happened to the "Goodwin pattern"?
Setterfield, Mark - 2021
The "Goodwin pattern" - an anti-clockwise rotation in real activity x wage share space recurring at intervals that correspond roughly to the duration of business cycles - is an enduring feature of high-frequency dynamics in capitalist economies. It is well known that the centre or focus of this...
Persistent link: https://www.econbiz.de/10012668964
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Whatever happened to the "Goodwin pattern"?
Setterfield, Mark - 2021
The "Goodwin pattern" - an anti-clockwise rotation in real activity x wage share space recurring at intervals that correspond roughly to the duration of business cycles - is an enduring feature of high-frequency dynamics in capitalist economies. It is well known that the centre or focus of this...
Persistent link: https://www.econbiz.de/10012660397
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Whatever Happened to the ‘Goodwin Pattern’?
Setterfield, Mark - 2021
The 'Goodwin pattern' -- an anti-clockwise rotation in real activity x wage share space recurring at intervals that correspond roughly to the duration of business cycles -- is an enduring feature of high-frequency dynamics in capitalist economies. It is well known that the centre or focus of...
Persistent link: https://www.econbiz.de/10013240931
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Contemporary Macroeconomic Outcomes : A Tragedy in Three Acts
Flaschel, Peter; Luchtenberg, Sigrid; Krämer, Hagen; … - 2021
income inequality and hollowed out the wage-funded, consumption-led core of the demand-generating process. The demand …-side weakness of the neoliberal economy was initially concealed by household borrowing that debt-financed increases in autonomous … debt accumulation process. The result was a depressed upswing 2009- 2019 that addressed none of the fundamental structural …
Persistent link: https://www.econbiz.de/10013241337
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Structural change in the US Phillips curve, 1948-2021: The role of power and institutions
Setterfield, Mark; Blecker, Robert A. - 2022
This paper provides an institutional-analytical account of changes in the structure of the US Phillips curve (PC) during the post-war period. It does so by restoring conflict and power to the forefront of macro theory and, in particular, the wage- and price-setting behaviour of workers and...
Persistent link: https://www.econbiz.de/10014278530
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Structural change in the US Phillips curve, 1948-2021 : the role of power and institutions
Setterfield, Mark; Blecker, Robert A. - 2022
This paper provides an institutional-analytical account of changes in the structure of the US Phillips curve (PC) during the post-war period. It does so by restoring conflict and power to the forefront of macro theory and, in particular, the wage- and price-setting behaviour of workers and...
Persistent link: https://www.econbiz.de/10013347209
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Post-Keynesian growth theory and the supply side: a feminist approach
Setterfield, Mark - In: European Journal of Economics and Economic Policies: … 20 (2023) 2, pp. 299-316
Post-Keynesian macrodynamics is designed to extend the role of demand in the determination of real economic outcomes beyond the short run. The purpose of this paper is to highlight the importance of supply-side considerations in demand-led growth. Building on existing features of the supply side...
Persistent link: https://www.econbiz.de/10014481022