Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages
Metroeconomica, Volume 77, Issue 4, Page 422-437, November 2026.ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley +1 more source
Modern Monetary Theory: A Solid Theoretical Foundation of Economic Policy? [PDF]
Atl Econ J, 2021 Prinz AL, Beck H.
europepmc +1 more source
Racial Inequality, Growth and Distribution
Metroeconomica, Volume 77, Issue 4, Page 379-391, November 2026.ABSTRACT A post‐Keynesian‐Kaleckian model along structuralist lines is developed to incorporate the issue of racial inequality into the analysis of growth and distribution. It draws on ideas presented in the literature about the relationship between class inequality between capitalists and workers, and racial inequality between White and Black workers,
Amitava Krishna Dutt
wiley +1 more source
Metroeconomica, Volume 77, Issue 4, Page 326-340, November 2026.ABSTRACT We propose a demand‐led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects.
Lucca Gustafson Rodrigues +2 more
wiley +1 more source
A Keynesian perspective on the health economics of kidney transplantation would strengthen the value of the whole organ donation and transplantation service. [PDF]
Front Public Health, 2023 Leonardis F +10 more
europepmc +1 more source
"A Simplified 'Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model" [PDF]
Despite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock-flow consistent (SFC) growth models of financially sophisticated economies is still in its early stages.
Gennaro Zezza, Claudio H. Dos Santos
core
The New Keynesian Phillips Curve: Some Counterfactual Evidence [PDF]
New Keynesian models of the business cycle have become the new paradigm of monetary economics, often used for policy analysis. This paper shows that this class of models fail in one crucial respect: they imply a strong negative contemporaneous ...
Juan Paez-Farrell
core
Non-Keynesian effects of Government Spending: Some implications for the Stability and Growth Pact [PDF]
The paper focuses on the non-Keynesian effects of fiscal policy, specifically government expenditure on output in Bulgaria. The main finding of the study is that the size of the fiscal impulse is the most important determinant of the non-Keynesian ...
Neicheva, Maria
core
Rationality, inequality, and the output gap: evidence from a disaggregated Keynesian cross diagram
Journal of Economic Interaction and CoordinationAbstract This paper examines the conditions under which a representative agent (RA) model can accurately approximate the output of a multi-agent model that assumes many interacting agents. The study compares the widely used Keynesian cross diagram, which employs a representative agent, to an extended model that explicitly considers multiple ...
openaire +2 more sources
Keynesian Models of Deflation and Depression Revisited: Inside Debt and Price Flexibility [PDF]
This paper extends Tobin’s (1975) Keynesian analysis of deflation to include a range of additional channels through which deflation exacerbates Keynesian unemployment. The paper provides further theoretical reasons why downward price level adjustment may
Thomas I. Palley
core