OOIR: Observatory of International Research

Papers

(The median citation count of Review of Keynesian Economics is 0. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2020-03-01 to 2024-03-01.)

Article	Citations
Autonomous demand and the investment share*	24
Beyond Modern Money Theory: a Post-Keynesian approach to the currency hierarchy, monetary sovereignty, and policy space	20
Why do we think that inflation expectations matter for inflation? (And should we?)	18
The politics of growth models	18
A baseline supermultiplier model for the analysis of fiscal policy and government debt	17
Workers' debt-financed consumption: a supermultiplier stock–flow consistent model	17
Autonomous expenditures and induced investment: a panel test of the Sraffian supermultiplier model in European countries	16
Sellers’ inflation, profits and conflict: why can large firms hike prices in an emergency?	16
What's wrong with Modern Money Theory: macro and political economic restraints on deficit-financed fiscal policy	10
Financialization, premature deindustrialization, and instability in Latin America*	10
Investment rate, growth, and the accelerator effect in the supermultiplier model: the case of Brazil	10
Making sense of Piketty's ‘fundamental laws’ in a Post-Keynesian framework: the transitional dynamics of wealth inequality	9
A Structuralist and Institutionalist developmental assessment of and reaction to New Developmentalism	8
Stagnation and unnaturally low interest rates: a simple critique of the amended New Consensus and the Sraffian supermultiplier alternative*	7
External balance sheets of emerging economies: low-yielding assets, high-yielding liabilities	7
Thirlwall's law is not a tautology, but some empirical tests of it nearly are	7
Distribution and capacity utilization in the United States: evidence from state-level data	6
Understanding the Brazilian demand regime: a Kaleckian approach	6
Keynes vs Kalecki: risk and uncertainty in their theories of the rate of interest	6
Financialization revisited: the economics and political economy of the vampire squid economy	6
Some observations on endogeneity in the normal rate of capacity utilisation	5
Human capital accumulation, income distribution, and economic growth: a demand-led analytical framework	5
Using non-linear estimation strategies to test an extended version of the Goodwin model on the US economy	5
Peripheral Europe beyond the Troika: assessing the ‘success’ of structural reforms in driving the Spanish recovery	4
Rethinking Varieties of Capitalism and growth theory in the ICT era*	4

Monetary policy effectiveness in the liquidity trap: a switching regimes approach	4
The Godley–Tobin memorial lecture*	4
Rent-seeking and asset-price inflation: a total-returns profile of economic polarization in America*	4
Learning from distant cousins? Post-Keynesian Economics, Comparative Political Economy, and the Growth Models approach	4
New and Classical Developmentalism compared: a response to Medeiros	3
Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism: a Post-Keynesian two-country stock–flow consistent simulation approach	3
Introduction to the symposium	3
Wage- and profit-led growth regimes: a panel-data approach*	3
The macroeconomics of COVID-19: a two-sector interpretation*	3
Can loss aversion shed light on the deflation puzzle?	3
In search of varieties of capitalism: hardy perennial or troublesome weed?	2
Can tax competition boost demand? Causes and consequences of the global race to the bottom in corporate tax rates	2
Omitted-variable bias in demand-regime estimations: the role of household credit and wage inequality in Brazil	2
China: capital flight or renminbi internationalization?	2
Money creation in the modern economy: an appraisal	2
Employment hysteresis: an argument for avoiding front-loaded fiscal consolidations in the eurozone	2
Distribution, wealth and demand regimes in historical perspective: the USA, the UK, France and Germany, 1855–2010	2
A critical evaluation of some Kaleckian proposals to deal with the issue of convergence towards normal capacity utilization	2
A macroeconomic critique of integrated assessment environmental models: the case of Brazil	2
Questioning the effect of the real exchange rate on growth: new evidence from Mexico	1
Price and prejudice: reflections on the return of inflation and ideology,*	1
The quasi-inflation of 2021–2022: a case of bad analysis and worse response	1
Book review: Adem Yavuz Elveren, The Economics of Military Spending: A Marxist Perspective (Routledge, London, UK and New York, NY, USA 2019) 224 pp.	1
Sellers’ inflation, profits and conflict: why can large firms hike prices in an emergency?	1
Central Bank Digital Currencies: a proper reaction to private digital money?	1
A note on ‘Wage-led versus profit-led demand regimes: the long and the short of it’	1
Explaining global imbalances: the role of central-bank intervention and the rise of sovereign wealth funds*	1
Book review: Geoff Mann, In the Long Run, We are All Dead: Keynesianism, Political Economy, and Revolution (Verso Books, London, UK 2017) 432 pp.	1
Will the Chinese renminbi replace the US dollar?	1
Long-run effective demand and residential investment: a Sraffian supermultiplier based analysis*	1
The evolution of China's monetary policy: on the horns of a dilemma	1
Household indebtedness, distribution, and bargaining power under distribution-induced technological change: a macroeconomic analysis	1
Recession and deflation?	1
Secular stagnation: a Classical–Marxian view	1
Monetary policy in liberalized financial markets: the Mexican case*	1
Why the conventional test of Thirlwall’s law is still not a ‘near-tautology’: a rejoinder to Professor Blecker	1
Rethinking supply constraints	1
The Godley–Tobin Memorial Lecture	1
‘King dollar’ forever? Prospects for a New Bretton Woods	1
Testing the global extent of the endogenous-money hypothesis: a panel vector autoregression approach – Online appendix	0
Book review: Ajit Sinha, A Revolution in Economic Theory: The Economics of Piero Sraffa (Palgrave Macmillan, Basingstoke, UK, New York, NY, USA and Melbourne, Australia 2016) 264 pp.	0
Book review: Thomas Palley, Neoliberalism and the Road to Inequality and Stagnation: A Chronicle Foretold (Edward Elgar Publishing, Cheltenham, UK and Northampton, USA 2021, ISBN: 978180220 0072) 320	0
Book review: Domenica Tropeano, Financial Regulation in the European Union after the Crisis. A Minskian Approach (Routledge, New York, NY, USA 2018) 173 pp.	0
Book review: Nicola Acocella, Rediscovering Economic Policy as a Discipline (Cambridge University Press, Cambridge, UK 2018) 424 pp.	0
Theorizing dollar hegemony: the political economic foundations of exorbitant privilege	0
A sectoral perspective on the persistence of economic sentiment: mere transitory effect or a long memory process?	0
Dominant currency shocks and foreign exchange pressure in the periphery	0
Macroeconomic performance under evolutionary dynamics of employee profit-sharing	0
Book review: Marc Lavoie, Post-Keynesian Monetary Theory: Selected Essays (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2020, ISBN 978-1-83910-008-6) 416 pp.	0
Will hysteresis effects afflict the US economy during the post-COVID-19 recovery?	0

Book review: Jonathan Levy, Ages of American Capitalism: A History of The United States (Random House, New York, NY, USA 2021) ISBN 978-0812995015, 944 pp.	0
Broadening the application of hysteresis in economics: institutions, policy lock-in, psychology, identity, and ideas	0
Modeling the real exchange rate: looking for evidence of the wage-share effect	0
Drivers of private consumption in the era of financialisation: new evidence for European Union countries	0
Understanding the consequences of IMF surcharges: the need for reform	0
Book review: Mark G. Hayes, The Economics of Keynes: A New Guide to The General Theory (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2006, ISBN 978-1-84844-056-2) 288 pp.	0
Alternative uses of functional finance: Lerner, MMT, and the Sraffian supermultiplier	0
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Book review: Naomi Lamoreaux and Ian Shapiro (eds), The Bretton Woods Agreements: Together with Scholarly Commentaries and Essential Historical Documents (Yale University Press, New Haven, CT, USA 201	0
Life among the Econ: 50 years on	0
Book review: Mauro L. Baranzini and Amalia Mirante, Luigi L. Pasinetti: An Intellectual Biography (Palgrave Macmillan, London, UK 2018) 390 pp.	0
Fiscal policy in a depressed economy: a note*	0
Neoliberalism, Keynesian economics, and responding to today’s inflation*	0
Distribution, wealth and demand regimes in historical perspective: the USA, the UK, France and Germany, 1855–2010 Online Appendices	0
The limits to redistribution in small open economies: the case of Argentina	0
The first inflation problem of the twenty-first century	0
Theorizing Varieties of Capitalism: economics and the fallacy that ‘there is no alternative (TINA)’	0
The effect of public social expenditure on imports	0
Expectations and exchange rates in a Keynes–Harvey model: an analysis of the Brazilian case from 2002 to 2017	0
Mind the wage gap: an empirical analysis of the impact of labour income inequality on economic growth*	0
Asset market closure and the neo-Pasinetti theorem	0
Book review: Jane D'Arista, All Fall Down: Debt, Deregulation and Financial Crises (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2018) 240 pp.	0
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Book review: Charles J. Whalen, Reforming Capitalism for the Common Good: Essays in Institutional and Post-Keynesian Economics (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2022, I	0
Financial subordination of peripheral emerging economies: a Keynesian–Structuralist approach	0
The Godley-Tobin Memorial Lecture	0
	0
Book review: Esteban Pérez Caldentey, Roy Harrod (Great Thinkers in Economics, Palgrave Macmillan, London, UK 2019) 455 pp.	0
Hysteresis and the New Consensus three-equation model: a Post-Keynesian amendment	0
The international currency system revisited	0
Book review: Yanis Varoufakis, Another Now: Dispatches from an Alternative Present (The Bodley Head, London, UK 2020) 240 pp.	0
Full access Book review: Robert Skidelsky, Money and Government: The Past and Future of Economics (Yale University Press, New Haven, CT, USA 2017, ISBN 978-0-24135-282-3) 492 pp.	0
The peso problem and dollar hegemony under inflation targeting	0
Book review: Aleksandr V. Gevorkyan (ed.), Foreign Exchange Constraint and Developing Economies (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2023, ISBN 978-1-80088-049-8) 278 pp.	0
Rethinking the balance-of-payments-constrained approach, in the light of the recent commodity boom	0
Book review: Dong Wang and Dejun Cao, Re-Globalisation: When China Meets the World Again (Routledge, London, UK 2020, ISBN 978-1-0031-2693-5) 168 pp.	0
Corrigendum	0
Book review: John Smithin, Rethinking the Theory of Money, Credit, and Macroeconomics (Lexington Books, Lanham, MD, USA 2018) 239 pp.	0
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Book review: George Selgin, Floored! How a Misguided Fed Experiment Deepened and Prolonged the Great Recession (CATO Institute, Washington, DC, USA 2018) 230 pp.	0
On Dutch disease and its neutralization: a classical perspective	0
Book review: John Komlos, Foundations of Real-World Economics: What Every Student Needs to Know, Third Edition (Routledge, New York, NY, USA 2023, softcover, ISBN 9781032001722, US$54.95; hardcover, U	0
Towards a general, modern theory of animal spirits	0
Revisiting the hysteresis hypothesis: an ARIMAX approach	0
Old and new proposals for global monetary reform	0
Inflation dynamics: forward or backward looking?	0
Book review: James Crotty, Keynes Against Capitalism: His Economic Case for Liberal Socialism (Routledge, London, UK 2019) ISBN: 978-1138612846, 397 pp.	0
Hysteresis and path dependence in economic analysis: formalizations, causes and implications	0
Joan Robinson’s Phillips curve	0
Asset market closure and the neo-Pasinetti theorem – a comment	0
Inflation phobia, myths and dogma exacerbate policy responses*	0
Book review: Alex M. Thomas, Macroeconomics: An Introduction (Cambridge University Press, Cambridge, UK 2021) 254 pp.	0
Book review: Aleksandr V. Gevorkyan, Transition Economies: Transformation, Development, and Society in Eastern Europe and the Former Soviet Union (Routledge, New York, NY, USA 2018) 272 pp.	0
Book review: Louis-Phillipe Rochon and Sergio Rossi (eds), Elgar Encyclopedia of Post-Keynesian Economics (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2023, hardcover, ISBN 978-1-	0
	0
Growth trajectories and political economy in a Structuralist open economy model	0
Autonomous demand and the investment share	0
Book review: Sergio Cesaratto, Heterodox Challenges in Economics: Theoretical Issues and the Crisis of the Eurozone (Springer, Cham, Switzerland 2020) 296 pp.	0
Labour markets in a Post-Keynesian growth model: the effects of endogenous productivity growth and working-time reduction*	0
The relation between Keynesian monetary theory and demand-led growth: a Sraffian exploration	0
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Book review: Zachary D. Carter, The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes (Random House, New York, NY, USA 2020) 656 pp.	0
Full access Book review: Charles Camic, Veblen: The Making of an Economist Who Unmade Economics (Harvard University Press, Cambridge, MA, USA 2020) 492 pp.	0
In memoriam: Julio López Gallardo (22 September 1941 – 3 May 2020)	0
On empirical tests of Thirlwall’s law: a reply to Professor McCombie’s rejoinder	0
Globalization of capital, erosion of economic policy sovereignty, and the lessons from John Maynard Keynes	0
Pure Harrodian dynamics: heterogeneous expectations and the loss of three established propositions	0
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Effectiveness of capital controls in dampening international shocks	0
Monetary Keynesianism before Keynes? The January 1932 Harvard memorandum on anti-depression policies	0
Book review: Imad Moosa, Fintech: A Revolution or a Transitory Hype? (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2022, hardcover, ISBN 978-1-80220-633-3, US$117) 227 pp.	0
Varieties of peripheral capitalism: on the institutional foundations of economic backwardness*	0
Critical notes on some recent Neo-Kaleckian contributions on capacity utilization	0
Testing the global extent of the endogenous-money hypothesis: a panel vector autoregression approach*	0