Our aim is to disclose robust explanatory variables for health care expenditure (HCE) growth by introducing to this field of research a method that is especially well suited for situations of 'model uncertainty': the Extreme Bounds Analysis (EBA). We analyse data for 33 OECD countries over the...

Two recent articles in this journal present conflicting interpretations of the Aggregate Demand/Aggregate Supply (D/Z) model contained in Chapter 3 of Keynes's <italic>General Theory</italic>. This paper evaluates the two interpretations to determine which aligns more closely with Keynes's own views.

<title>Abstract</title>This paper is one of three contributions to a symposium commenting on papers previously published by the other authors. I basically agree with Allain's (2009) reconstruction of Keynes's model of effective demand from Chapter 3 of <italic>The General Theory</italic>, except that I think that entrepreneurs...

This paper is a contribution to a symposium mutually reviewing papers on Keynes's principle of effective demand as set out in The General Theory, by Allain (2009. Effective demand and short-term adjustments in the General Theory, Review of Political Economy, vol. 21, 1–22), Hartwig (2007....

This text presents the economic forecast released by the KOF Swiss Economic Institute at ETH Zurich on 13 June 2014. After an introduction describing the starting points and crucial assumptions underlying the forecast, we summarise the key results for Switzerland. Then we turn to the...

The Bhaduri-Marglin model is a post-Kaleckian model that allows one to study the impact of a functional income distribution on the growth in demand. Over recent years, a number of empirical studies based on this model have aimed at determining whether a redistribution towards profits harms or...

The paper argues that Keynes’s General Theory has introduced an employment theory that does not rely on the (labour) market paradigm. The term ‘market paradigm’ is defined, and previous critical evaluations of it in the secondary literature are discussed. The core of the paper is section...

: This text contains the winter forecast 2014 of the KOF Swiss Economic Institute at ETH Zurich, released on 17 December 2014. We present the recent economic developments in Switzerland and abroad, and discusses the main forecast results in the various sectors of the economy. We expect the Swiss...

The share of health care expenditure in GDP rises rapidly in virtually all OECD countries, causing increasing concern among politicians and the general public. Yet, economists have to date failed to reach an agreement on what the main determinants of this development are. This paper revisits...

Macroeconomic data are indispensable for modern governance, yet it is often unclear how reliable these data are. The production process of macroeconomic data inside the statistical offices is often not very transparent for the general public. Bystanders usually have no choice but to take for...