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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. -
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 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 demand-led economics. ... Apost-Schumpeterian or post-Keynesian perspective also allows for -
THE MONETARY THEORY OF PRODUCTION AND THE MODERN MONEY THEORY: A…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp0418.pdf19 Oct 2023: reality or innocent fraud?”, Journal of Post Keynesian Economics, vol. 31, n. ... E. King (ed.), Elgar companion to post. Keynesian economics, Cheltenham, UK, Edward Elgar. -
Paper_BOP_reduc_080610
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-08.pdf19 Oct 2023: Analysing the post-war performance of developing countries, the authors argue that some. ... 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 -
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. ... macroeconomics. They call this the Conditional Expectations Hypothesis (CEH) and. while not citing any of the Post-Keynesian work on uncertainty, they provide a -
On Accounting Identities and Aggregate Production Functions: A…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp01-09.pdf19 Oct 2023: production functions using value (monetary) data. There are qualifications, such. as the difference between the ex post rate of profit used in the identity and the. -
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. -
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. -
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. -
Romero_McCombie_2015b
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/multisectoralthirwallslawwp0415.pdf19 Oct 2023: 3. 1. Introduction. From a Keynesian perspective, economic growth is led by the growth of demand. -
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. -
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 -
1 STRUCTURAL CHANGE AND CUMULATIVE CAUSATION: A KALDORIAN APPROACH ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/ccepp-wp-01-20.pdf19 Oct 2023: approaches, such as Post-Keynesian and neo-Schumpeterian growth models, fully. incorporate the existence of different sectors with different characteristics implies that. ... encourage sectoral transformation in both in the Kaldorian and Post-Keynesian -
On the Origins of the Current Financial Crisis
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp08-09.pdf19 Oct 2023: These post hoc theoretical revisions were thought sufficient to defend the original thesis of a disappointing empirical record. ... recession in the post World War II era. -
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. -
GLI EFFETTI PERVERSI DELLA MODERAZIONE SALARIALE E LA PROPOSTA DI…
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/ccepp_wp_02-22_davanzati.pdf19 Oct 2023: Journal of Post Keynesian Economics, 34(3), Spring: 431-51. Forges Davanzati, G. ... 2016). “Credit supply, credit demand and unemployment in. the mode of Augusto Grazian,” Review of Keynesian Economics, September,. -
Modern Money Theory: a Critical Assessment and a Proposal ...
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/cceppwp0219.pdf19 Oct 2023: Post Keynesian scholars paid attention to theseissues, working within a theoretical framework where increasing public spending has positive ef-fects on the path of labour productivity. ... Post Keynesian scholars support the view that the so-called -
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. -
THE MONETARY POLICY OF THE BANK OF ENGLAND
https://www.landecon.cam.ac.uk/sites/default/files/2023-03/wp02-06.pdf19 Oct 2023: to be a precondition for high growth and employment. In the post-1997 system the. ... recorded in the post-second-world-war era. Yet another telling example is the.
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