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“KEYNESIAN ECONOMICS– BACK FROM THE DEAD?” THE GODLEY-TOBIN LECTURE…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp512.pdf9 Jul 2023: “KEYNESIAN ECONOMICS– BACK FROM THE DEAD?” THE GODLEY-TOBIN LECTURE Robert Rowthorn WP 512 June 2019. ... My conclusion is that Keynesian economics has made something of a comeback in the UK and the USA. -
Professor Peter Clarke - Trinity Hall Cambridge
https://www.trinhall.cam.ac.uk/people/professor-peter-clarke/4 Jan 2024: He has published ten books since 1971, initially on British political history in the late nineteenth and twentieth centuries, and later branching out into the history of Keynesian economics and the
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C-EENRG Working Papers, 2015-4. Pollitt and Mercure
https://www.landecon.cam.ac.uk/sites/default/files/2023-05/wp04.pdf19 Oct 2023: THOUGHT.12. 2.1. Money and finance in neoclassical economics. 12. 2.2. Money and finance in New Keynesian economics. ... 13. 2.3. Money and finance in post-Keynesian economics. 13. 2.4. Money and finance in the post-Schumpeterian (evolutionary) school.15. -
The End of the Consensus in Macroeconomic Theory
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-12.pdf19 Oct 2023: previously discredited Keynesian economics. Kuhn, in an attempt to refute the charge that his. ... from the “economics of Keynes” through Keynesian economics (the IS-LM and AD-AS. -
PDF - Jochen Runde - CV
https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/rundej-cv.pdf9 Jul 2023: Review of. Political Economy 13, 101-‐114. 3. (1999) A critical realist perspective on Paul Davidson’s methodological writings on – and rhetorical strategy for – Post Keynesian economics. ... Journal of Post Keynesian Economics 22, 35-‐56 (with -
Introducing Macroeconomic Modelling: An Econometric Study of the…
https://www.landecon.cam.ac.uk/sites/default/files/2023-04/arestis_p_-_list_of_publications.pdf19 Oct 2023: Macro-Model for the UK Economy", Journal of Post Keynesian Economics, (Summer, 1989). ... 46, No. 3, (August, 1999). "Post Keynesian Economics and Its Critics" (with Stephen P. -
PDF - On Keynes and China: Keynesianism 'with Chinese…
https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp1402.pdf9 Jul 2023: Another noted Chinese ‘economics guru’, indeed with a Keynesian penchant, is a former Chief Economist and Senior Vice-President of the World Bank, who became a Professor at Peking University, namely ... Asada, T. (2012) ‘Japan’ in [Ed.] J. E. King -
BANK CREDIT AND THE HOUSING MARKET
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-13.pdf19 Oct 2023: Keynesian view, which assumes that the demand for credit is inelastic to fluctuations in. ... Arestis, P. and Karakitsos, E. (2008), “The US Housing Slump and the Consumer”, Journal of Post Keynesian Economics, 30 (3): 335-352. -
WP 434 WP Sue Konzelmann
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp434.pdf9 Jul 2023: THE ECONOMICS OF AUSTERITY Centre for Business Research, University of Cambridge Working Paper No. ... As capitalism evolved, so did ideas and theories about the economics of austerity. -
WP0105
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-05.pdf19 Oct 2023: Most important is the recognition that New Keynesian economics is trapped in an equilibrium framework that cannot. ... Post Keynesian Economics 20, No. 1, 47-76. Solow, Robert, 2000, 'Towards a Macroeconomics of the Medium Run”, Journal of Economic. -
On Crises in Macroeconomic Theory and Policy
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/representativeagentwp0814.pdf19 Oct 2023: Krugman,. for example, considers that most of the insights of Keynesian economics (the. ... Harcourt, G.C. (2008): The Structure of Post Keynesian Economics, The Core Contributions of the Pioneers, Cambridge: Cambridge University Press. -
1 RUDIMENTARY INFLATION CONFLICT MODELS: A NOTE Bill Martin ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp535.pdf9 Jul 2023: Lavoie, M. (2022), Post-Keynesian Economics, 2nd edition, Cheltenham: Edward. Elgar Publishing. ... And should we?)’, Review of Keynesian Economics, Vol. 10, No. 1, 25–45. -
Paper_BOP_reduc_080610
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-08.pdf19 Oct 2023: If a distinction is made between equilibrium as merely a state of rest and a state of rest which is an optimal state, then Keynesian economics can also be interpreted as ... Consequently the usefulness of cointegration techniques to the Keynesian models -
FISCAL POLICY IN A DEPRESSED ECONOMY: A COMMENT Robert ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp513.pdf9 Jul 2023: 513. Robert Rowthorn Faculty of Economics and Kings College. University of Cambridge. ... A version of this paper is forthcoming in Review of Keynesian Economics. -
New Consensus Macroeconomics: A Critical Appraisal
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp05-09.pdf19 Oct 2023: Angeriz, A. and Arestis, P. (2009), “The Consensus View on Interest Rates and Fiscal Policy: Reality or Innocent Fraud?”, Journal of Post Keynesian Economics, Fortcoming. ... Arestis, P. and Sawyer, M. (2003), ‘Reinstating Fiscal Policy’, Journal -
Long-Term Capital Management
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp03-12.pdf19 Oct 2023: in the financial markets and in the work of Post-Keynesian economists that emphasised. ... winners of the Memorial Nobel Prize in Economics in 1997) were partners (with nine. -
On Accounting Identities and Aggregate Production Functions: A…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-09.pdf19 Oct 2023: On Accounting Identities, Simulation Experiments and Aggregate Production Functions: A Cautionary Tale for (Neoclassical) Growth Theorists. Jesus Felipe and John McCombie1. Forthcoming: in M. Setterfield, (ed.), Handbook of Alternative Theories of -
MARX MEETS KALDOR:
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/ccepp-wp02-18.pdf19 Oct 2023: distribution and production, “European Journal of Economics and Economic Policies:. Intervention”, 2015, vol. ... Dutt, A.K. (2010), Keynesian growth theory in the 21th century, in P. -
WP0505
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp05-05.pdf19 Oct 2023: economics. Its roots can be traced in Lydia of Asia Minor where the first money was in evidence. ... Asymmetric Information This drawback originates from the new-Keynesian notions of asymmetric information (see, for example, Stiglitz and Weiss, 1981), -
1 WHY THE CONVENTIONAL TEST OF THIRLWALL’S LAW IS ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/ccepp_wp_01-22_mccombie.pdf19 Oct 2023: matter what numerical values are chosen. For example, the estimation of the Keynesian. -
WP 430 Ajit Paper
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp430.pdf9 Jul 2023: ISLAMIC FINANCE REVISITED: CONCEPTUAL AND ANALYTICAL ISSUES FROM THE PERSPECTIVE OF CONVENTIONAL ECONOMICS. ... As in the case of neoclassical economics, the normal Keynesian perspective on the role of finance in investment and economic growth also -
C-EENRG Working Papers, 2015-2. Mercure et al.
https://www.landecon.cam.ac.uk/sites/default/files/2023-05/wp02.pdf19 Oct 2023: This aspect is treated in detail in the traditions of evolutionary economics (e.g. ... This isnot a new theoretical approach. In point of fact, it is at the roots of both Schumpeterian(Schumpeter, 1934, 1939) and Keynesian (Keynes, 1936) forms of -
1 SOC 9: Global Capitalism 2023–2024 Course overview…
https://www.sociology.cam.ac.uk/files/soc_9_paper_guide_2023-24.pdf10 Jan 2024: Q1: 14–27. Toporowski, J. 2016. “A Kalecki fable on debt and the monetary transmission mechanism.” Review of Keynesian Economics 4(2): 224–8. ... Lavoie, M. 2016. “Understanding the global financial crisis: contributions of post-Keynesian -
McCombie & Spreafico wp.
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp1603.pdf19 Oct 2023: the underworld of economics. The motives of those who studied it were impugned. ... amnesia by the majority of the economics profession. (The exceptions include the post Keynesian. -
WP 419 Paper
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp419.pdf9 Jul 2023: and. Ajit Singh Emeritus Professor of Economics, University of Cambridge. Life Fellow Queens College Cambridge Tun Ismail Ali Chair, University of Malaya. ... Thus, in this model there is a weak response from supply constraints via interest rates and -
WP373_Zumbansen
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp373.pdf9 Jul 2023: the scope of legal regulation of business in the context of Keynesian economics and Welfare statism, on the other. ... post-Keynesian economics and post-Welfare state governance, future attention has to be directed to both corporations and the state as -
Queens' Library New eBooks
https://www.queens.cam.ac.uk/files/downloads/new_ebooks_22_09-12.html3 Oct 2023: New eBooks. Added September-December 2022. Subjects:. African StudiesStephan F. Miescher. Indiana University Press, 2022. Platform: JSTOR. Africa Writes Back : The African Writers Series and the Launch of African Literature. James Currey ; portraits -
WP0205
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-05.pdf19 Oct 2023: macroeconomic analysis and policy. By contrasting the core features of the original Keynesian. ... Democracies. Cambridge MA: Harvard University Press. Hicks, J. (1974) The Crisis in Keynesian Economics. -
THE CBR MACRO-ECONOMIC MODEL OF THE UK ECONOMY (UKMOD) ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp472.pdf9 Jul 2023: Instead we have returned to basic Keynesian principles guided by the further development of Keynesian concepts by Godley and Lavoie in their book Monetary Economics.5 In this approach the level ... The model is based on the post-Keynesian approach of -
1 Current and Future Regulatory Role of the ECB ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp0414.pdf19 Oct 2023: It draws heavily on the so-called new Keynesian economics (see Meyer, 2001, and the Bank of England, 2005). ... The authors of this study utilise a ‘meta-analysis’, widely used in medical sciences but not so frequently in economics. -
The Tyranny of the Accounting Identity Works Full Time: A Rejoinder…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-12.pdf19 Oct 2023: 1. THE TYRANNY OF THE ACCOUNTING IDENTITY WORKS FULL TIME:. A REJOINDER TO TEMPLE. Jesus Felipe and John McCombie. Abstract In a reply to Felipe and McCombie (2010a), Temple (2010) has largely ignored the main arguments that underlie the accounting -
On the Origins of the Current Financial Crisis
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp08-09.pdf19 Oct 2023: 1. Subprime Mortgage Market and Current Financial Crisis Philip Arestis1 and Elias Karakitsos2 Abstract This contribution demonstrates that the August 2007 financial crisis was the result of three forces: financial liberalization, financial -
1 The ‘Fallacy of Composition’ Market Failure: A Sufficient ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/yiannisthanospaperfnl2.pdf19 Oct 2023: 15. Pigou, A.C. (1946), The Economics of Welfare, (4th ed.) London: Macmillan. ... Tobin, J. (1986), “The Future of Keynesian Economics”, Eastern Economic Journal, 12(4), 347-356. -
DO LABOUR LAWS INCREASE EQUALITY AT THE EXPENSE OF ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp442.pdf9 Jul 2023: DO LABOUR LAWS INCREASE EQUALITY AT THE EXPENSE OF HIGHER UNEMPLOYMENT? THE EXPERIENCE OF SIX OECD COUNTRIES 1970-2010 Simon Deakin, Jonas Malmberg and Prabirjit Sarkar. WP 442 June 2013. DO LABOUR LAWS INCREASE EQUALITY AT THE EXPENSE OF HIGHER -
On the effectiveness of monetary policy and of fiscal policy
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp06-09.pdf19 Oct 2023: Keynesian results, are given more prominence in a way that weakens fiscal policy. ... traditional Keynesian literature.10 This large difference in fiscal multipliers is explained by. -
CCEPPWP0705
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp07-05.pdf19 Oct 2023: Journal of Post Keynesian Economics 25(4), 613-640. Arestis, P., M.C. Baddeley, and M. -
Modern Money Theory: a Critical Assessment and a Proposal ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/cceppwp0219.pdf19 Oct 2023: JEL classification:C62, C63, E32, E62. University of Salento – Department of Law, Economics Section. ... stock. In our opinion, this“pure” keynesian model represents a good “rational reconstruction” of MMT. -
WP 421 Paper
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp421.pdf9 Jul 2023: countries? On this issue, textbooks economics suggests a huge disconnect between orthodox economic theory and the empirical evidence. ... Orthodox economics is nevertheless convinced about the economic efficiency of the global integration of financial -
1 Increasing returns to scale at the firm-level: a ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-08.pdf19 Oct 2023: regions. Fingleton (2000; 2001; 2003) extended the Verdoorn. literature to incorporate new elements from, for instance, urban economics, using spatial. -
PDF - Exploring critical realism as the theoretical foundation of…
https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/wp1003.pdf9 Jul 2023: Susan Scott Information Systems & Innovation Group, Department of Management, London School of Economics,. ... 2003). In 1996, the Nobel laureate in Economics, Milton Freedman, claimed that “economics has. -
WP 446 Paper
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp446.pdf9 Jul 2023: The law largely reflects the economics forces and social norms which give rise to segmentation, but can amplify and perpetuate its effects. ... the sociology and economics of law and empirical research methods which study the operation of the law in -
THE MONETARY POLICY OF THE BANK OF ENGLAND
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-06.pdf19 Oct 2023: 3. The Economics of UK Monetary Policy. The economics of the BoE’s IT are firmly embedded in equations (1) to (6) as shown. -
MODELLING THE HOUSING MARKET IN OECD COUNTRIES
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-13.pdf19 Oct 2023: 7See Feroli et al. (2012) for a description of the transmission mechanism of monetary policy in the New Keynesian models. -
Innovation, export performance and trade elasticities across…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/cceppwp0419.pdf19 Oct 2023: Innovation, export performance and trade elasticities. across different sectors and countries. Ana C. Bottega. Centre for Regional Development and Planning (Cedeplar-UMFG). João P. Romero. Centre for Regional Development and Planning (Cedeplar-UMFG) -
THE DEPTHS OF THE CUTS: THE UNEVEN GEOGRAPHY OF ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp510.pdf9 Jul 2023: 2009). Much of the debate focused on the shift from a national Keynesian welfare state towards more market-oriented and localized government, variously conceptualised as a post-Keynesian, post-Fordist, Schumpeterian -
Financial Liberalization and Long Term Economic Development
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp245.pdf9 Jul 2023: The post-Keynesian economists (see for example Davidson, 2001), take a more radical stance. ... Consequently the Keynesian design for the post-war international financial system did not envisage free capital movements. -
1 Risk-opportunity analysis for transformative policy design and…
https://www.landecon.cam.ac.uk/sites/default/files/2023-05/wp25.pdf19 Oct 2023: philosophical pedigree of welfare economics going back to 18th century, through which much. ... Basic welfare economics principles, as applied in finance ministries, are most useful when. -
THE MACRO-ECONOMIC IMPACT OF BREXIT: USING THE CBR MACRO-ECONOMIC ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp483.pdf9 Jul 2023: PwC, Oxford Economics and Open Europe have lower impacts for the scenarios they consider, but the main reason seems to be that they exclude the productivity effects included in the Treasury, -
REGULATION, POWER AND SCALE: 'REWORKING' CAPITAL-LABOUR…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp157.pdf9 Jul 2023: In doing so, this paper follows the ongoing cross-disciplinary convergence in work dealing with institutionalisation and governance between branches of economics, such as institutional, post-Keynesian and post-Marxian economics, -
Regional Growth, Estimates of Agglomeration Economies and the…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp04-12.pdf19 Oct 2023: economics that is being widely used in spatial economics, namely, the aggregate production. ... have been largely ignored by the economics profession is related to the instrumental.
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