Publications

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Current Publications since 2010

 

Books

  • The Macroeconomics of Finance-dominated Capitalism - and Its Crisis, Cheltenham: Edward Elgar, forthcoming.

  • A Modern Guide to Keynesian Macroeconomics and Economic Policies, Cheltenham: Edward Elgar, 2011 (editor with E. Stockhammer). (More)
  • The World Economy in Crisis – The Return of Keynesianism?, Marburg: Metropolis, 2010 (editor with S. Dullien, A. Truger, and T. van Treeck). (More)

 

Papers in Refereed Journals

  • Finance dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model, PSL Quarterly Review, forthcoming.

  • ‘Financialisation’, distribution, capital accumulation and productivity growth in a Post-Kaleckian model, Journal of Post Keynesian Economics, forthcoming.

  • Finance-dominated capitalism in crisis – the case for a global Keynesian New Deal, Journal of Post Keynesian Economics, forthcoming (with A. Truger).

  • Harrodian instability and the 'normal rate' of capacity utilisation in Kaleckian models of distribution and growth – a survey, Metroeconomica, forthcoming, 2012, 63: 139-169 (with M. Lavoie and T. van Treeck).

  • Interest rates, distribution and capital accumulation – A Post-Kaleckian perspective on the US and Germany, International Review of Applied Economics, 2011, 25 (6): 693-723 (with C. Schoder).

  • Makroökonomische Risiken des deutschen Wachstumsmodells im internationalen Kontext, WSI Mitteilungen, 11/2011, 64: 571-579.

  • Some instability puzzles in Kaleckian models of growth and distribution: A critical survey, Cambridge Journal of Economics, 2011, 35: 587 - 612.  (with M. Lavoie and T. van Treeck).

  • Globalization and the effects of changes in functional income distribution on aggregate demand in Germany, International Review of Applied Economics, 2011, 25: 1-23 (with E. Stockhammer and L. Grafl).

  • Macroeconomic policy mix, employment and inflation in a Post-Keynesian alternative to the New Consensus model, Review of Political Economy, 2010, 22: 317-354 (with E. Stockhammer).

  • Distribution, aggregate demand and productivity growth – theory and empirical results for six OECD countries based on a Post-Kaleckian model, Cambridge Journal of Economics, 2010, 34: 727-754 (with A. Tarassow).

  • Financialisation and rising shareholder power in Kaleckian/Post-Kaleckian models of distribution and growth, Review of Political Economy, 2010, 22: 205-233 (with T. van Treeck).

  • Shareholder value orientation, distribution and growth – short- and medium-run effects in a Kaleckian model, Metroeconomica, 2010, 61: 302-332.

Papers in Other Journals

  • Redistribution, global imbalances and the financial and economic crisis – the case for income-led recovery embedded in a Keynesian New Deal, International Journal of Labour Research, 2011, 3(1): 51 - 73. (Download)
  • Krise des finanzdominierten Kapitalismus – Plädoyer für einen keynesianischen New Deal für Europa und die Weltwirtschaft, Wirtschaft und Gesellschaft, 2010, 36: 481-517 (mit A. Truger).

 

Chapters in Books

  • Financialisation, the financial and economic crisis, and the requirements and potentials for wage-led recovery, in: Lavoie, M., Stockhammer, E. (eds.): New Perspectives on Wages and Economic Growth, forthcoming (with M. Mundt).

  • The European financial and economic crisis: Alternative solutions from a (Post-)Keynesian perspective, in: Arestis, P., Sawyer, M. (eds.), The Euro Crisis, International Papers in Political Economy, Basingstoke: Palgrave Macmillan, forthcoming (with A. Truger and T. van Treeck).

  • Financialisation, in: Arestis, P., Sawyer, M. (eds.), The Elgar Companion to Radical Political Economy, 2nd edition, Cheltenham: Edward Elgar, forthcoming.

  • Wage- and profit-led regimes, in: King, J.E. (ed.), The Elgar Companion to Post Keynesian Economics, 2nd edition, Cheltenham: Edward Elgar, forthcoming.

  • Finance-dominated capitalism in crisis – the case for a Keynesian New Deal at the European and the global level, in: Arestis, P., Sawyer, M. (eds), New Economics as Mainstream Economics, International Papers in Political Economy, Basingstoke: Palgrave Macmillan, 2011, 190-230 (with A. Truger).

  • Financialisation, re-distribution, and the financial and economic crisis – a Kaleckian perspective, in: Niechoj, T., Onaran, Ö., Stockhammer, E., Truger, A., van Treeck, T. (eds): Stabilising an Unequal Economy? Public Debt, Financial Regulation, and Income Distribution, Marburg: Metropolis, 2011, 35-62.

  • Fiscal policy in the macroeconomic policy mix: A critique of the New Consensus Model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a Post-Keynesian perspective, in: Gnos, C., Rochon, L.-P. (eds.), Credit, Money and Macroeconomic Policy. A Post-Keynesian Approach, Cheltenham: Edward Elgar, 2011, 235 - 267 (with A. Truger).

  • A Post-Keynesian macroeconomic model of inflation, distribution and employment, in: Hein, E., Stockhammer, E. (eds.): A Modern Guide to Keynesian Macroeconomics and Economic Policies, Cheltenham: Edward Elgar, 2011, 112-136 (with E. Stockhammer).

  • ‘Financialisation’, distribution and growth, in: Hein, E., Stockhammer, E. (eds.): A Modern Guide to Keynesian Macroeconomics and Economic Policies, Cheltenham: Edward Elgar, 2011, 294-324.

  • Finanzdominierter Kapitalismus in der Krise – Plädoyer für einen globalen keynesianischen New Deal, in: Hagemann, H., Krämer, H. (Hg.), Keynes 2.0 – Perspektiven einer modernen keynesianischen Wirtschaftstheorie und Wirtschaftspolitik, Jahrbuch Ökonomie und Gesellschaft, Band 23, Marburg: Metropolis, 2011, 149-182 (mit A. Truger).

  • Financial crisis, global recession and macroeconomic policy reactions – the case of Germany, in: Dullien, S., Hein, E., Truger, A., van Treeck, T. (eds.), The World Economy in Crisis – The Return of Keynesianism?, Marburg: Metropolis, 2010, 191-220 (with A. Truger).

  • ‘Financialisation’ in Post-Keynesian models of distribution and growth – a systematic review, in: Setterfield, M. (ed.), Handbook of Alternative Theories of Economic Growth, Cheltenham: Edward Elgar, 2010, 277-292 (with T. van Treeck).

  • A Keynesian perspective on ‘financialisation’, in: Arestis, P., Sawyer, M. (eds.), 21st Century Keynesian Economics, International Papers in Political Economy, Basingstoke: Palgrave Macmillan, 2010, 120-161.

  • ‘Financialisation’, capital accumulation and productivity growth – a Post-Keynesian approach, in: Fontana, G., McCombie, J., Sawyer, M. (eds.), Macroeconomics, Finance and Money: Essays in Honour of Philip Arestis, Basingstoke: Palgrave Macmillan, 2010, 250-265.

 

Working Papers, Reports and Policy Briefs

  • Financialisation and the requirements and potentials for wage-led recovery – a review focussing on the G20, ILO Working Paper, Geneva: International Labour Organization, forthcoming (with M. Mundt).

  • Finance-dominated capitalism, re-distribution and the financial and economic crises - a European perspective, Munich Personal RePEc Archive, MPRA Paper 35903. (Download)

  • Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model, Berlin School of Economics and Law, Institute for International Political Economy (IPE) Working Paper, forthcoming, and Munich Personal RePEc Archive, MPRA Paper 34115. (Download)

  • The European financial and economic crisis: Alternative solutions from a (Post-)Keynesian perspective, IMK Working Paper, 9/2011, Düsseldorf: Macroeconomic Policy Institute (IMK), Hans Boeckler Foundation (with A. Truger and T. van Treeck). (Download)

  • Distribution, 'financialisation' and the financial and economic crisis - implications for a post-crisis economic policies, Munich Personal RePEc Archive, Berlin School of Economics and Law, Institute for International Political Economy (IPE), Working Paper 9/2011, and MPRA Paper 31180. (Download)

  • The rate of interest as a macroeconomic distribution parameter: Horizontalism and Post-Keynesian models of distribution of growth, Berlin School of Economics and Law, Institute for International Political Economy (IPE), Working Paper 7/2010. (Download)

  • Finance-dominated capitalism in crisis – the case for a global Keynesian New Deal, Berlin School of Economics and Law, Institute for International Political Economy (IPE), Working Paper 6/2010 (with A. Truger). (Download)

 

Book Reviews

  • Review of: Sardoni, C., Unemployment, Recession and Effective Demand. The Contributions of Marx, Keynes and Kalecki (Edward Elgar, Cheltenham, 2011), Intervention. European Journal of Economics and Economic Policies, forthcoming.

  • Review of: Lopez G., J., Assous, M.: Michal Kalecki (Basingstoke, Palgrave Macmillan, 2010), Intervention. European Journal of Economics and Economic Policies, 2011, 8: 405-406.

  • Review of Harcourt, G.C., Kerr, P., Joan Robinson (Basingstoke, Palgrave Macmillan, 2009), Intervention. European Journal of Economics and Economic Policies, 2011, 8: 219 - 220.

  • Review of: Sandelin, B., Trautwein, H.-M., Wundrak, R., A Short History of Economic Thought, 2nd edition (Routledge: London/New York, 2008), Intervention. European Journal of Economics and Economic Policies, 2010, 7: 419-420.

  • Review of: Fontana, G., Money, Uncertainty and Time, (Routledge: London/New York, 2008), Intervention. European Journal of Economics and Economic Policies, 2010, 7: 208-209.

  • Review of: Forstater, M., Wray, L.R. (eds.), Keynes for the Twenty-First Century. The Continuing Relevance of The General Theory, (Basingstoke: Palgrave Macmillan, 2008), and: Wray, L.R., Forstater, M. (eds.): Keynes and Macroeconomics after 70 years. Critical Assessments of The General Theory (Cheltenham: Edward Elgar, 2008), Intervention. European Journal of Economics and Economic Policies, 2010, 7: 203-206.

 

Other

  • Währungsraum vor Entscheidung: Neuorientierung der europäischen Wirtschaftspolitik oder deflationäre Stagnation, Junge Welt, 4.1.2012, p. 9. (more)

  • Interview on the Greek and the Euro crisis (in Greek), Sunday Eleftherotypia, Athens, 20.11.2011. (more)

  • Europa braucht eine neue Verteilungspolitik, Interview, WOZ. Die Wochenzeitung, Nr. 44, 3.11.2011, p. 7.
  • Interviews on the Euro crisis, Brussels, European Parliament, 21.9.2011
    Euronews (more)
    Youtube (more)

  • Short-run stabilisation policies won’t do – the case for a Keynesian New Deal at the European and the global level, Global Labour Column, August 27, 2010. (Download)

  • Hundred words on (the current and future state of) Heterodox Economics, Heterodox Economics Newsletter, No. 100, 2010:13. (Download)

  • Kommentar: Deflationäre Stagnation abwenden!, WSI Mitteilungen, 3/2010, 63. Jg.: 118. (Download)