Pub Date : 2024-06-17DOI: 10.1080/09538259.2024.2358127
Roger E. Backhouse, Mauro Boianovsky
Over the past decade, Lawrence Summers has argued that stagnation cannot be rectified by monetary policy because it is the result of a negative natural rate of interest. This analysis brings togeth...
{"title":"Stagnation and the Natural Rate of Interest: Tracing the Roots of Lawrence Summers’s Theory of Secular Stagnation","authors":"Roger E. Backhouse, Mauro Boianovsky","doi":"10.1080/09538259.2024.2358127","DOIUrl":"https://doi.org/10.1080/09538259.2024.2358127","url":null,"abstract":"Over the past decade, Lawrence Summers has argued that stagnation cannot be rectified by monetary policy because it is the result of a negative natural rate of interest. This analysis brings togeth...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"80 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141502933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-06-17DOI: 10.1080/09538259.2024.2355557
Eckhard Hein, Christoph Häusler
This paper conducts a systematic comparison of two main textbook variants within the Kaleckian tradition of post-Keynesian conflict inflation and distribution theory: the Blecker and Setterfield (2...
{"title":"Kaleckian Models of Conflict Inflation, Distribution and Employment: A Comparative Analysis","authors":"Eckhard Hein, Christoph Häusler","doi":"10.1080/09538259.2024.2355557","DOIUrl":"https://doi.org/10.1080/09538259.2024.2355557","url":null,"abstract":"This paper conducts a systematic comparison of two main textbook variants within the Kaleckian tradition of post-Keynesian conflict inflation and distribution theory: the Blecker and Setterfield (2...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"45 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141502932","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-06-03DOI: 10.1080/09538259.2024.2354327
Basil Oberholzer, Dawit Ayele Haylemariam
After two decades of high economic growth and fast development progress, Ethiopia is facing significant macroeconomic challenges such as high inflation, foreign exchange shortage, and slowing growt...
{"title":"Making the Ethiopian Banking System Ready for Green Growth and Development","authors":"Basil Oberholzer, Dawit Ayele Haylemariam","doi":"10.1080/09538259.2024.2354327","DOIUrl":"https://doi.org/10.1080/09538259.2024.2354327","url":null,"abstract":"After two decades of high economic growth and fast development progress, Ethiopia is facing significant macroeconomic challenges such as high inflation, foreign exchange shortage, and slowing growt...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"72 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141258663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-06-03DOI: 10.1080/09538259.2024.2351833
Eladio Febrero, Fernando Bermejo
In this paper, following Cesaratto's lead (Cesaratto, [2005]. Pension Reform and Economic Theory: A Non-Orthodox Analysis. Cheltenham: Edward Elgar, especially chapters 6-8), we measure the impact ...
{"title":"Pensions as an Engine of Growth. An Approach to the Spanish Case, Based on the Sraffian Supermultiplier","authors":"Eladio Febrero, Fernando Bermejo","doi":"10.1080/09538259.2024.2351833","DOIUrl":"https://doi.org/10.1080/09538259.2024.2351833","url":null,"abstract":"In this paper, following Cesaratto's lead (Cesaratto, [2005]. Pension Reform and Economic Theory: A Non-Orthodox Analysis. Cheltenham: Edward Elgar, especially chapters 6-8), we measure the impact ...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"43 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141258666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-05-09DOI: 10.1080/09538259.2024.2335751
Rod O’Donnell
Adam Smith’s works are investigated to provide better understandings of his contributions to economics and social science. The main issues discussed are the roles of invisible and visible hands; hi...
{"title":"Invisible and Visible Hands. What Kind of Economist is Adam Smith, and Why is He Still Relevant?","authors":"Rod O’Donnell","doi":"10.1080/09538259.2024.2335751","DOIUrl":"https://doi.org/10.1080/09538259.2024.2335751","url":null,"abstract":"Adam Smith’s works are investigated to provide better understandings of his contributions to economics and social science. The main issues discussed are the roles of invisible and visible hands; hi...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"30 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140925225","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-05-07DOI: 10.1080/09538259.2024.2342431
Wallace Pereira, Fabricio Missio, Frederico Jayme Jr
Traditional literature on Economic Growth highlights the role of the manufacturing sector in fostering economic growth. This sector, characterized by increasing returns, plays a fundamental role in...
{"title":"Structural Change in the 21st Century: The Role of the Modern Services Sector in the Economic Development Strategy","authors":"Wallace Pereira, Fabricio Missio, Frederico Jayme Jr","doi":"10.1080/09538259.2024.2342431","DOIUrl":"https://doi.org/10.1080/09538259.2024.2342431","url":null,"abstract":"Traditional literature on Economic Growth highlights the role of the manufacturing sector in fostering economic growth. This sector, characterized by increasing returns, plays a fundamental role in...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"23 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140925244","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-30DOI: 10.1080/09538259.2024.2340601
Juan Matias De Lucchi
The paper examines different real-monetary dynamics and policy responses during the COVID-19 pandemic (C19P) and the Global Financial Crisis (GFC) in the United States through the lens of the Sraff...
{"title":"Fiscal Supermultiplier and Endogenous Money in the United States: The COVID-19 Pandemic vs. the Global Financial Crisis*","authors":"Juan Matias De Lucchi","doi":"10.1080/09538259.2024.2340601","DOIUrl":"https://doi.org/10.1080/09538259.2024.2340601","url":null,"abstract":"The paper examines different real-monetary dynamics and policy responses during the COVID-19 pandemic (C19P) and the Global Financial Crisis (GFC) in the United States through the lens of the Sraff...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"154 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140925153","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-18DOI: 10.1080/09538259.2024.2340587
Ali Rıza Güngen
Turkey’s public banks performed a double function during the Covid-19 pandemic, repeating but also extending the scope of their actions in the 2010s. These institutions provided temporary financial...
{"title":"The Double Function of Turkey’s Public Banks and Reinterpretation of Mandates during the Covid-19 Pandemic","authors":"Ali Rıza Güngen","doi":"10.1080/09538259.2024.2340587","DOIUrl":"https://doi.org/10.1080/09538259.2024.2340587","url":null,"abstract":"Turkey’s public banks performed a double function during the Covid-19 pandemic, repeating but also extending the scope of their actions in the 2010s. These institutions provided temporary financial...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"37 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140610562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-18DOI: 10.1080/09538259.2024.2336513
Pedro Clavijo-Cortes
The aim of this study is twofold: on the one hand, to provide evidence of the positive association between the inflation rate and the labor share in the US; on the other, to show that monetary poli...
{"title":"Conflict Inflation and the Role of Monetary Policy","authors":"Pedro Clavijo-Cortes","doi":"10.1080/09538259.2024.2336513","DOIUrl":"https://doi.org/10.1080/09538259.2024.2336513","url":null,"abstract":"The aim of this study is twofold: on the one hand, to provide evidence of the positive association between the inflation rate and the labor share in the US; on the other, to show that monetary poli...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"11 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140610588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-11DOI: 10.1080/09538259.2024.2336508
F. Kemal Kızılca
Certain post-Keynesian (PK) authors consider Means as one of the founding figures of PK theory and a notable contributor to heterodox economic thought in general. Paradoxically, many surveys of PK ...
{"title":"Gardiner Means’ Contributions to Post-Keynesian and Political Economics","authors":"F. Kemal Kızılca","doi":"10.1080/09538259.2024.2336508","DOIUrl":"https://doi.org/10.1080/09538259.2024.2336508","url":null,"abstract":"Certain post-Keynesian (PK) authors consider Means as one of the founding figures of PK theory and a notable contributor to heterodox economic thought in general. Paradoxically, many surveys of PK ...","PeriodicalId":46174,"journal":{"name":"REVIEW OF POLITICAL ECONOMY","volume":"1 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140568006","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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