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The role of the “liquidity trap” in Keynesian economics

PSL Quarterly Review, 2013
Recent discussions in the literature have once again raised the question as to whether the “liquidity trap” plays a crucial role in Keynesian economics. This work first discusses the analytical aspects of this question.
D. PATINKIN
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Book review: Cuyvers, Ludo (2022): Neo-Marxism and Post-Keynesian Economics: From Kalecki to Sraffa and Joan Robinson, Milton Park (247 pages, Routledge, hardcover, ISBN 978-1-032-25480-7) [PDF]

, 2023
Marc Lavoie
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New Keynesian economics : a monetary perspective [PDF]

In this article we construct a simple analytically tractable model to explore and evaluate New Keynesian ideas. First, we show that a New Keynesian model need not exhibit Phillips curve correlations in the absence of strategic price setting by firms ...
Stephen D. Williamson
core  

Uncertainty, Social Norms and Consumption Theory: Post and New Keynesian Approaches [PDF]

, 2009
Consumption theory has always been a neglected eld in Post Keynesian economics, whereas it is at the center of New Keynesian economics. This paper investigates similarities and differences between the two approaches. I will show that the newer mainstream
Menz, Jan-Oliver
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Policy Relevance of Development Economics Revisited

Asian Development Review, 1989
The state of development economics has recently been the subject of a great deal of discussion. This debate has been initiated by Albert Hirschman’s illuminating paper which traced the extraordinarily productive tensions surrounding the birth of a new ...
Hiroshi Kitamura
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New Classicals and Keynesians, or the Good Guys and the Bad Guys [PDF]

Old- style Keynesian models relied on sticky prices or wages to explain unemployment and to argue for demand-side macroeconomic policies. This approach relied increasingly on a Phillips-curve view of the world, and therefore lost considerable prestige ...
Robert J. Barro
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Worker Savings, Foreign Investment and Capital Market Development: An Assessment of the Polish Government’s Action Plan from a Post-Keynesian Perspective

Gospodarka Narodowa. The Polish Journal of Economics, 2017
In February 2016, the Polish government adopted an Action Plan for Responsible Development and in July it came up with a draft Strategy for Responsible Development that was finally approved in February 2017.
Maciej Holko
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"Financial Markets" [PDF]

This paper provides a brief exposition of financial markets in Post Keynesian economics. Inspired by John Maynard Keynes's path-breaking insights into the role of liquidity and finance in "monetary production economies," Post Keynesian economics offers a
Jorg Bibow
core  

From classical developmentalism and post-Keynesian macroeconomics to new developmentalism

Brazilian Journal of Political Economy, 2019
New developmentalism was a response to the inability of classical developmentalism and post-Keynesian macroeconomics in leading middle-income countries to resume growth.
LUIZ CARLOS BRESSER-PEREIRA
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