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Content
April 2022, Volume 19, Issue 1
- 1-1 Editorial
by N/A
- 2-8 ‘The trading behaviour in financial markets and the impacts on the real economy became the theme of my life’
by Eckhard Hein & Torsten Niechoj
- 9-15 E pur si muove: Peter Flaschel's contributions to macroeconomic theory and disequilibrium economic modeling
by Christian R. Proaño & Gangolf Groh & Willi Semmler
- 16-18 Editorial to the special issue
by Eckhard Hein & Hansjörg Herr & Valeria Jimenez & Jan Priewe
- 19-40 Growth in the ecological transition: green, zero or de-growth?
by Jan Priewe
- 41-60 The macroeconomic implications of zero growth: a post-Keynesian approach
by Eckhard Hein & Valeria Jimenez
- 61-88 Inequality, non-linear consumption behaviour, and monetary growth imperatives
by Anja Janischewski
- 89-102 Would a zero-growth economy be achievable and be sustainable?
by Giuseppe Fontana & Malcolm Sawyer
- 103-118 The role of labor in a socio-ecological transition: combining post-Keynesian and ecological economics perspectives
by Birte Strunk & Stefan Ederer & Armon Rezai
- 119-137 Buying into inequality: a macroeconomic analysis linking accelerated obsolescence, interpersonal inequality, and potential for degrowth
by Antoine Monserand
- 138-158 Economics of digital decoupling: a pluralistic analysis
by Steffen Lange
- 159-173 Transformation of capitalism to enforce ecologically sustainable GDP growth: lessons from Keynes and Schumpeter
by Hansjörg Herr
- 174-176 Book review: Krugman, P. (2020): Arguing with Zombies, New York, NY, USA (416 pages, W.W. Norton and Company, hardcover, ISBN 978-1-324-00501-8)
by Junaid B. Jahangir
- 177-182 Book review: Marglin, Stephen A. (2021): Raising Keynes: A Twenty-First Century General Theory, Cambridge, MA, USA (896 pages, Harvard University Press, hardcover, ISBN 978-0-674-97102-8)
by Junaid B. Jahangir
December 2021, Volume 18, Issue 3
- 266–274-266–274 ‘We need long-term commitments in the form of public investment'
by Marc Lavoie
- 275–285-275–285 The methodology for assessing interest-rate policy rules: some comments
by Martin Watts
- 286–292-286–292 The methodology for assessing interest-rate policy rules: a reply
by John Smithin
- 293–302-293–302 Saving and Investment in the Twenty-First Century: The Great Divergence – some comments from a post-Keynesian perspective
by Eckhard Hein
- 303–309-303–309 On capital, saving, and investment in the twenty-first century: a reply to Hein
by Carl Christian von Weizsäcker & Hagen M. Krämer
- 310–330-310–330 Central banks and inflation: where do we stand and how did we get here?
by Karl Whelan
- 331–343-331–343 The political economy of inflation
by Frances Coppola
- 344–363-344–363 Migrant inflows, capital outflows, growth and distribution: should we control capital rather than immigration?
by Emiliano Brancaccio & Andrea Califano & Fabiana De Cristofaro
- 364–378-364–378 Does a job guarantee pay off? The fiscal costs of fighting long-term unemployment in Austria
by Simon Theurl & Dennis Tamesberger
- 379–403-379–403 The Troika’s conditionalities during the Greek financial crisis of 2010–2014: the Washington Consensus is alive, well, and here to stay
by John Marangos
- 404–406-404–406 Book review: Heine, Michael and Hansjörg Herr (2021): The European Central Bank, Newcastle upon Tyne, UK (208 pages, Agenda Publishing, hardcover, ISBN 978-1-78821-294-6; softcover, ISBN 978-1-78821-295-3; ebook, ISBN 978-1-78821-296-0)
by Torsten Niechoj
- 407–410-407–410 Book review: Beker, Victor A. (2021): Preventing the Next Financial Crisis, Routledge, Abingdon, UK and New York, NY, USA (172 pages, hardcover, ISBN 978-0-367-48398-2)
by Guillermo J. Escudé
September 2021, Volume 18, Issue 2
- 111-118 ‘It is clear that this kind of deregulated capitalism will not survive in the end’ Interview with Hansjörg Herr
by Eckhard Hein
- 119–144-119–144 The twilight of neoliberalism in the USA?
by Trevor Evans
- 145–159-145–159 Searching for new fiscal rules in the euro area: a new proposal
by Jan Priewe
- 160–162-160–162 Editorial to the special issue
by Jan Behringer & Sebastian Gechert & Hansjörg Herr & Jan Priewe & Heike Joebges & Andrew Watt
- 163–176-163–176 The European Central Bank: the time is ripe for a major revision of its strategy
by Peter Bofinger
- 177–197-177–197 The COVID-19 crisis and counter-cyclical policies in Brazil
by Luiz Fernando de Paula
- 198–206-198–206 The COVID-19 crisis and counter-cyclical policies in Brazil
by Daniele Tavani
- 207–222-207–222 Can trade help with fighting the pandemic? Evidence from imports of Chinese medical products
by Laike Yang, Bo Xu
- 223–239-223–239 US employment inequality in the Great Recession and the COVID-19 pandemic
by Steven M. Fazzari, Ella Needler
- 240–258-240–258 Post-COVID-19 Asia will grow strongly in 2021 but structural problems continue to pile up
by Alicia Garcia Herrero
- 259–262-259–262 Book review: Cesaratto, Sergio (2020): Heterodox Challenges in Economics: Theoretical Issues and the Crisis of the Eurozone, Cham, Switzerland (277 pages, Springer, softcover, ISBN 978-3-030-54447-8; also available as an ebook)
by Marc Lavoie
- 263–264-263–264 Book review: Joo, Sangyong, Kangkoo Lee, Won Jun Nah, Su Min Jeon and Dong-Hee Joe (2020): The Income-Led Growth in Korea: Status, Prospects and Lessons for Other Countries, Sejong, South Korea (223 pages, Korea Institute for International Economic Policy, softcover ISBN 978-89-322-1764-2)
by Marc Lavoie
April 2021, Volume 18, Issue 1
- 1-10 Interview with Jerzy Osiatyński: Linking economics with economic policy-making
by Grzegorz Konat
- 11-28 ‘Manna from heaven’: does the presence of central banks make technical analysis profitable?
by Smita Roy Trivedi
- 29-54 Technological progress, non-price factors competitiveness, and changes in trade income elasticities: empirical evidence from South Korea and Hong Kong
by Marco Flávio Cunha Resende & Vitor Leone & Daniela Almeida Raposo Torres & Simeon Coleman
- 55-76 Do fiscal rules decrease public investment? Evidence from European panel data
by Sebastiaan Wijsman & Christophe Crombez
- 77-101 Public expenditure and growth: the Indian case
by A. Bhatt Hakhu & C. Sardoni
- 102-105 Book review: Mazier, Jacques (2020): Global Imbalances and Financial Capitalism: Stock-Flow-Consistent Modelling, London, UK and New York, NY, USA (318 pages, Routledge, hardcover, ISBN 978-1-138-34558-4; also available as ebook)
by Marc Lavoie
- 106-109 Book review: Furtado, Celso (2020): The Myth of Economic Development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)
by Santiago Graña Colella & Mariana Pellegrini
- 110-110 List of reviewers
by N/A
November 2020, Volume 17, Issue 3
- 277-277 Editorial
by The Editors
- 278-285 ‘I have never held models as depictions of anything real; they are just tools for understanding some aspects of the real world’: Interview with Amitava K. Dutt
by Eckhard Hein & Marc Lavoie
- 286–294-286–294 A note on Heterodox Macroeconomics by Blecker and Setterfield
by Emiliano Libman
- 295-306 On multi-sector and multi-technique models, production functions and Goodwin cycles: a reply to Libman
by Robert A. Blecker & Mark Setterfield
- 307-312 Editorial to the special issue
by Mark Setterfield
- 313-324 The economics of Basil Moore: slow progress toward horizontalism
by Louis-Philippe Rochon
- 325-338 The long road to accommodative central banking: the US case
by Jane Knodell
- 339-355 Monetary economics after the global financial crisis: what has happened to the endogenous money theory?
by Giuseppe Fontana & Riccardo Realfonzo & Marco Veronese Passarella
- 356-366 Endogenous money in an era of financialization
by Malcolm Sawyer
- 367-380 Endogenous money, liquidity and monetary reform
by Sheila Dow
- 381-398 Interest rates, income distribution and the monetary policy transmissions mechanism under endogenous money: what have we learned 30 years on from Horizontalists and Verticalists?
by John Smithin
- 399-412 Economics Group, UTS Business School, University of Technology Sydney, Australia
by Peter Docherty
- 413-417 Book review: Šaski, K. (2019): Lectures in Macroeconomics: A Capitalist Economy Without Unemployment, Jerzy Osiatyński and Jan Toporowski (eds), Oxford, UK and New York, NY, USA (192 pages, Oxford University Press, ISBN 978-0-19-884211-8)
by Eckhard Hein
September 2020, Volume 17, Issue 2
April 2020, Volume 17, Issue 1
- 1-8 ‘If you are convinced that post-Keynesian economics is a good way of thinking, get on with it’: Interview with Victoria Chick
by Marc Lavoie
- 9-18 Heterodox economics as seen by Geoffrey Hodgson: an assessment
by Marc Lavoie
- 19-38 Is there scientific progress in macroeconomics? The case of the NAIRU
by Dany Lang & Mark Setterfield & Ibrahim Shikaki
- 39-60 What do the value-at-risk measure and the respective legislative framework really offer to financial stability? Critical views and pro-cyclicality
by Evangelos Vasileiou & Themistoclis Pantos
- 61-77 An attempt at a reconciliation of the Sraffian and Kaleckian views on desired utilization
by Reiner Franke
- 78-105 Inflation targeting, disinflation, and debt traps in Argentina
by Emiliano Libman & Gabriel Palazzo
- 106-109 Book review: Brancaccio, E. and Califano, A. (2018): Anti-Blanchard Macroeconomics, Cheltenham, UK and Northampton, MA, USA (158 pages, Edward Elgar Publishing, hardcover, also available as paperback and ebook, ISBN 978-1-78811-899-6)
by Torsten Niechoj
December 2019, Volume 16, Issue 3
- 287-290 Editorial to the special issue on the economics of Kazimierz Å aski
by Eckhard Hein & Martin Riese & Bernhard Schütz
- 291-301 An interview with Professor Kazimierz Å aski
by Grzegorz Konat
- 302-317 Kazimierz Å aski's Lectures in Macroeconomics under financial capitalism
by Jerzy Osiatyński
- 318-326 Kazimierz Å aski and the scope and significance of the price mechanism
by Jan Toporowski
- 327-343 From socialist command to a capitalist market economy: the case for an active state
by Hubert Gabrisch
- 344-369 Nicholas Kaldor and Kazimierz Å aski on the pitfalls of the European integration process
by Michael A. Landesmann
- 370-380 Is better economic integration in the EU possible?
by Leon Podkaminer
- 381-402 Forty years of real-estate bubbles in the US and the macroeconomy: a Keynesian perspective
by Herbert Walther
- 403-419 On understanding economic reality at the beginning of the twenty-first century: an essay in remembrance of Professor Laski
by Josef Falkinger
- 420-426 Book review: Toporowski, Jan (2013): Michał Kalecki: An Intellectual Biography, Volume 1: Rendezvous in Cambridge, 1899–1939, Basingstoke, UK (184 pages, Palgrave Macmillan, hardcover, ISBN 978-0-230-21186-5) and Toporowski, Jan (2018): Michał Kalecki: An Intellectual Biography, Volume 2: By Intellect Alone, 1939–1970, Basingstoke, UK (289 pages, Palgrave Macmillan, hardcover, ISBN 978-3-319-69663-8)
by Eckhard Hein
- 427-430 Book review: Baccaro, Lucio and Chris Howell (2017): Trajectories of Neoliberal Transformation: European Industrial Relations Since the 1970s, Cambridge, UK (261 pages, Cambridge University Press, hardcover, ISBN 978-1-10701-872-3)
by Engelbert Stockhammer
- 431-435 Book review: Mitchell, William, L. Randall Wray and Martin Watts (2019): Macroeconomics, London, UK (573 pages, Red Globe Press, softcover, ISBN 978-1-137-61066-9)
by Jo Michell
September 2019, Volume 16, Issue 2
April 2019, Volume 16, Issue 1
November 2018, Volume 15, Issue 3
- 249-249 Editorial
by N/A
- 250-258 Interview with Robert A. Blecker
by Eckhard Hein & Marc Lavoie
- 259-261 Obituary: Fernando José Cardim de Carvalho (1953–2018)
by Fernando Ferrari Filho
- 262-288 Arguments for austerity, old and new: the British Treasury in the 1920s and the Bundesfinanzministerium in the 2010s
by Fernando J. Cardim de Carvalho
- 289-312 Does fiscal consolidation promote economic growth and employment? Evidence from the PIIGGS countries
by Philip Arestis & Ayşe Kaya & Hüseyin Şen
- 313-334 Capital account regulation as part of the macroeconomic regime: comparing Brazil in the 1990s and 2000s
by Barbara Fritz & Daniela Magalhães Prates
- 335-363 Macroeconomic effects of unemployment benefits in small open economies: a stock–flow consistent approach
by Mikael Randrup Byrialsen & Hamid Raza
- 364-381 Germany’s brake on European capital-market development
by John Grahl & Photis Lysandrou
- 382-384 Book review: Fischer, Lilian, Joe Hasell, J. Christopher Proctor, David Uwakwe, Zach Ward-Perkins and Catriona Watson (eds) (2018): Rethinking Economics: An Introduction to Pluralist Economics, London, UK and New York, NY, USA (141 pages, Routledge, softcover, ISBN 978-1-138-22268-9)
by Marc Lavoie
September 2018, Volume 15, Issue 2
April 2018, Volume 15, Issue 1
- 1-1 Editorial
by The Editors
- 2-11 Interview with Marc Lavoie: ‘The vigorous critique of the neo-Kaleckian or post- Kaleckian growth model is a measure of its success’
by Eckhard Hein
- 12-31 The economic expansion in the US since 2009 and Donald Trump’s ambitions to ‘drain the swamp’
by Trevor Evans
- 32-46 Monetary policy and the punch bowl: the case for quantitative policy and wage growth targeting
by Thomas I. Palley
- 47-70 Income distribution, the Great Depression, and the relative income hypothesis
by Christian A. Belabed
- 71-90 Alternative economic policy under a regime with inflation targeting, primary surpluses and a floating exchange rate: an analysis for developing economies
by Ricardo Ramalhete Moreira
- 91-104 A multi-sectoral approach to the Harrod foreign trade multiplier
by Andrew B. Trigg & Ricardo Azevedo Araujo
- 105-107 Book review: Dullien, Sebastian, Neva Goodwin, Jonathan M. Harris, Julie A. Nelson, Brian Roach and Mariano Torras (2018): Macroeconomics in Context: A European Perspective, London, UK (688 pages, Routledge, softcover, ISBN 978-1-138-18516-0)
by Marc Lavoie
- 108-112 Book review: The CORE Team (2017): The Economy: Economics for a Changing World, Oxford, UK (1152 pages, Oxford University Press, softcover, ISBN 978-0-19881-024-7, £40)
by Antonella Stirati
- 113-115 Book review: Unger, Brigitte, Daan van der Linde and Michael Getzner (eds) (2017): Private or Public Goods: Redefining Res Publica, Cheltenham, UK and Northampton, MA, USA (304 pages, Edward Elgar Publishing, hardcover, ISBN 978-1-78536-954-4, £90)
by Achim Truger
December 2017, Volume 14, Issue 3
- 283-290 Interview with Henri Sterdyniak
by Achim Truger & Marc Lavoie
- 291-295 Editorial to the special issue: The Political Economy of the New Fiscalism
by Marc Lavoie & Mario Seccareccia
- 296-313 The New Austrian School challenge to Keynesian demand management
by Brett Fiebiger
- 314-332 The IMF and the New Fiscalism: was there a U-turn?
by Brett Fiebiger & Marc Lavoie
- 333-350 Political economy of the Stability and Growth Pact
by Orsola Costantini
- 351-371 Is high employment in the eurozone possible? Some reflections on the institutional structure of the eurozone and its crisis
by Mario Seccareccia
- 372-374 Book review: Tridico, Pasquale (2017): Inequality in Financial Capitalism, Abingdon, UK and New York, NY, USA (235 pages, Routledge, hardcover, ISBN 978-1-138-94412-1)
by Michele Raitano
- 375-377 Book review: Rodrik, Dani (2015): Economics Rules: The Rights and Wrongs of the Dismal Science, New York, NY, USA (235 pages, W.W. Norton, softcover, ISBN 978-0-393-35341-9)
by UlaÅŸ Åžener
September 2017, Volume 14, Issue 2
April 2017, Volume 14, Issue 1
- 1-1 Editorial
by The Editors
- 2-12 Interview with Heinz D. Kurz
by Eckhard Hein
- 13-22 A third era of credit theory? Endogenous money from Wolfgang Stützel's balance mechanics perspective
by Christoph Ellermann & Fabian Lindner & Severin Reissl & Ruben Tarne
- 23-31 The arithmetic relations between total expenditure and the resulting current and financial account balances as determinants of the revenue-related need for means of payment in an economy
by Wolfgang Stützel
- 32-47 Review of exchange-rate theories in four leading economics textbooks
by Jan Priewe
- 48-69 A simple approach to overcome the problems arising from the Keynesian stability condition
by Reiner Franke
- 70-91 The Sraffian supermultiplier as an alternative closure for heterodox growth theory
by Franklin Serrano & Fabio Freitas
- 92-116 A proposal for a federalized unemployment insurance mechanism for Europe
by Leila E. Davis & Charalampos Konstantinidis & Yorghos Tripodis
- 117-120 Book Review: Stiglitz, Joseph E. (2016): The Euro: How a Common Currency Threatens the Future of Europe, New York, NY, USA and London, UK (416 pages, W.W. Norton, hardcover, ISBN 978-0-393-25402-0)
by Jan Priewe
- 121-124 Book Review: Mitchell, William (2015): Eurozone Dystopia: Groupthink and Denial on a Grand Scale, Cheltenham, UK and Northampton, MA, USA (512 pages, Edward Elgar, hardcover, ISBN 978-1-78471-665-3, £99; softcover, ISBN 978-1-78471-667-7, £32)
by Torsten Niechoj
December 2016, Volume 13, Issue 3
- 255-264 Interview with Thomas I. Palley: ‘We need to confront more forcefully the neoclassical position and show the absolute impossibility of the world it describes!’
by Eckhard Hein & Marc Lavoie
- 265-274 Obituary: Kazimierz Laski (1921–2015)
by Martin Riese
- 275-290 The debate over ‘Thirlwall's law’: balance-of-payments-constrained growth reconsidered
by Robert A. Blecker
- 291-291 Editorial to the special issue
by Eckhard Hein
- 292-322 Financialisation and financial crisis in Iceland
by Björn Rúnar Guðmundsson
- 323-338 Could the Icelandic banking collapse of 2008 have been prevented? The role of economists prior to the crisis
by John S.L. McCombie & Marta R.M. Spreafico
- 339-353 Firms’ excess savings and the Dutch current-account surplus: a stock-flow consistent approach
by Huub Meijers & Joan Muysken & Olaf Sleijpen
- 354-374 Changes in the profile of inequality across Europe since 2005: austerity and redistribution
by Markus P.A. Schneider & Stephen Kinsella & Antoine Godin
- 375-377 Book review: Toporowski, Jan and Lukasz Mamica (eds) (2015): Michal Kalecki in the 21st Century, Basingstoke, UK (267 pages, hardcover, Palgrave Macmillan, ISBN 978-1-137-42827-1)
by Eckhard Hein
- 378-380 Book review: Dimand, Robert W. (2014): James Tobin, Basingstoke, UK (197 pages, hardcover, Palgrave Macmillan, ISBN 978-14039-8555-2)
by Thomas Palley
September 2016, Volume 13, Issue 2
April 2016, Volume 13, Issue 1
- 1-9 Interview with Edward J. Nell: ‘A great deal of neoclassical theory is set in cloud-cuckoo-land’
by Louis-Philippe Rochon
- 10-25 International monetary policy with commodity buffer stocks
by Leanne Ussher
- 26-27 Editorial to the special forum: Making the euro area work: proposals for monetary and fiscal reform
by Stefan Ederer & Torsten Niechoj
- 28-38 Can the Report of the ‘Five Presidents’ save the euro?
by Philip Arestis
- 39-56 A T-shirt model of savings, debt, and private spending: lessons for the euro area
by Andrea Terzi
- 57-71 Reviving fiscal policy in Europe: towards an implementation of the golden rule of public investment
by Achim Truger
- 72-86 Making the euro viable: the Euro Treasury Plan
by Jörg Bibow
- 87-102 The blind spots of trade impact assessment: macroeconomic adjustment costs and the social costs of regulatory change
by Werner Raza & Bernhard Tröster & Rudi von Arnim
- 103-113 On the long-run equilibrium value of Tobin’s average Q
by Reiner Franke & Boyan Yanovski
- 114-136 Drivers of wealth inequality in euro area countries: the effect of inheritance and gifts on household gross and net wealth distribution analysed by applying the Shapley value approach to decomposition
by Sebastian Leitner
- 137-139 Book Review: Atkinson, Anthony B. (2015): Inequality: What Can Be Done? Cambridge, MA, USA and London, UK (384 pages, hardcover, Harvard University Press, ISBN 978-0-674-50476-9)
by Michael Nagel & Achim Truger
- 140-143 Koo, R.C. (2015): The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy, Singapore (320 pages, hardcover, Wiley, ISBN 978-1-119-02812-3)
by Marc Lavoie
December 2015, Volume 12, Issue 3