No subject area
Real exchange rates and the long‐run effects of aggregate demand in economies with underemployment (with Martin Rapetti and Arslan Razmi), Economics Department Working Paper Series (2012)
Successful economic development to a large extent derives from the mobilization of underemployed resources. Demand...
Pluralism, the Lucas critique, and the integration of macro and micro, Economics Department Working Paper Series (2012)
Mainstream macroeconomics has pursued micro founded models based on the explicit optimization by representative agents....
Business cycles, Economics Department Working Paper Series (2011)
This note outlines and discusses some of the strands in the post-Keynesian literature on business...
Distributional biases in the analysis of climate change (with Leila Davis), Economics Department Working Paper Series (2011)
The economic analysis of global warming is dominated by models based on optimal growth theory....
Heterodox macro after the crisis, Economics Department Working Paper Series (2011)
Macroeconomics is in crisis and this creates openings for alternative perspectives. The dominant heterodox traditions,...