Recent papers

 

Distributional biases in the analysis of climate change

With Leila Davis. Working Paper 2011-22, University of Massachusetts Amherst. Forthcoming with minor revisions in Ecological Economics.

 

Employment and Distribution Effects of the Minimum Wage

With Fabian Slonimczyk. Working Paper 2012-05, University of Massachusetts Amherst. Forthcoming (with minor revisions) in Journal of Economic Behavior and Organization.

 

The Real Exchange Rate and Economic Growth: Are Developing Countries Different?

With Martin Rapetti and Arslan Razmi. Working Paper 2011-07, University of Massachusetts Amherst. Forthcoming (with minor revisions) in International Review of Applied Economics.

 

An empirical evaluation of three post Keynesian models

With Ben Zipperer. Working Paper 2010-08. Forthcoming with minor revisions in Intervention - European Journal of Economics and Economic Policies.

 

The Real Exchange Rate and Economic Development

With Arslan Razmi and Martin Rapetti. Published (with minor revisions) in Structural Change and Economic Dynamics, 23 (2012) 151-169.

 

Heterodox macro after the crisis

Published (with minor revisions) in Korean Review of Social Studies, 2011, Vol. 37 (2), pp. 35-63.

 

Increasing inequality and financial instability

Fortcoming (with minor revisions) in Review of Radical Political Economics.

 

Positional goods, climate change and the social returns to investment

With Leila Davis. Forthcoming (with minor revisions) in Taylor, L., Rezai, A., Michl, T. (Eds), Social Justice and Economics - Critical Economic Theory in the Spirit of Duncan Foley. Routledge, London and New York.

 

Public debt and full employment in a stock-flow consistent model of a corporate economy

With Soon Ryoo. Revised version forthcoming in Journal of Post Keynesian Economics.

 

Pluralism, the Lucas critique, and the integration of macro and micro

Working Paper 2012-04, University of Massachusetts Amherst

 

Public debt in an OLG model with imperfect competition

With Soon Ryoo. Working Paper 2011-25, University of Massachusetts Amherst.

 

Labor heterogeneity, inequality and institutional change

Forthcoming (with minor revisions) in C. Gehrke and N. Salvadori (eds) Keynes, Sraffa, and the Criticism of Neoclassical Theory. Essays in Honour of Heinz Kurz, Routledge.

 

Cyclical patterns of employment, utilization and profitability

With Ben Zipperer. UMass wp 2010-02. Published (with minor revisions) in Journal of Post Keynesian Economics, 2011, 44 (1), pp. 25-58.

 

The great detour

UMass wp 2010-07. Published (with minor revisions) in Homo Oeconomicus, 2010, Vol 27 (3), pp. 338-343.

 

Power biased technological change, endogenous mismatch and institutional change

Published (with minor revisions) in The New School Economic Review, Fall 2010, Vol. 4 (1).

 

Theoretical and Empirical Shortcomings of the Kaleckian Investment Function

UMass wp 2008-11. Revised version published in Metroeconomica, 2012, Vol. 63, pp. 109-138.

 

Dynamic patterns of accumulation and income distribution

With Ben Zipperer. Published in Kikan Keizai-Riron (Political Economy Quarterly), 2010, 46 (4), pp.34-53 (in Japanese).

 

Growth, Instability and Cycles: Harrodian and Kaleckian Models of Accumulation and Income Distribution

UMass wp 2008-12. Published (with minor revisions) in M. Setterfield (ed.) Handbook of Alternative Theories of Economic Growth, Edward Elgar, 2010.

 

Keynesian Dynamics and the AD-AS Framework

With Amitava Dutt. Published (with minor revisions) in C. Chiarella, P. Flaschel, R. Franke and C. Proano Lectures on Macrodynamic Theory, Routledge, 2010

 

Financialization in Kaleckian Economies With and Without Labor Constraints

With Soon Ryoo. UMass wp 2008-05. Published (with minor revisions) in Intervention - European Journal of Economics and Economic Policies, 2008.

 

Information and communications technologies, coordination and control, and the distribution of income

With Fred Guy. UMass wp 2007-11. Published (with minor revisions) in Journal of Income Distribution, 2008, 17 (3-4), pp. 71-92.

 

Macroeconomic implications of financialization

With Soon Ryoo. UMass wp 2007-08. Forthcoming (with minor revisions) in Cambridge Journal of Economics, 2008, 32 (6), pp.827-862.

 

Power, productivity and profits

With Fred Guy. In M. Braham and F. Steffen (eds) Dimensions of Power: Concepts, Models, and Applications, Springer Verlag, 2008, pp. 385-404.

 

Japanese growth and stagnation

With Takeshi Nakatani. Published with minor revisions in Structural Change and Economic Dynamics, 2007, Vo. 18, Iss. 3, pp. 306-332

 

A Model of Power-Biased Technological Change

With Fred Guy. Published with minor revisions in Economics Letters, 2007, Vol. 95, No. 1, pp. 124-131.

 

Power-Biased Technological Change and the Rise in Earnings Inequality

With Fred Guy. UMass wp 2005-17.

 

Wage Inequality and Overeducation in a Model with Efficiency Wages

Published (with minor revisions) in Canadian Journal of Economics, 2006, vol. 39 (1), pp. 94-123.

 

Steindlian models of growth and stagnation

With P. Flaschel. Published (with minor revisions) in Metroeconomica, 2006, 57:3, pp. 303-338.

 

Keynesian Theory and the AD-AS Framework: A Reconsideration

With Amitava K. Dutt. Published (with minor revisions) in C. Chiarella, P. Flaschel, R. Franke and W. Semmler (eds) Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels, Elsevier, 2006, pp. 415-448.

 

Prosperity and Stagnation in Capitalist Economies

With T. Asada and P. Flaschel. Published (with minor revisions) in C. Chiarella, P. Flaschel, R. Franke and W. Semmler (eds) Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels, Elsevier, 2006, pp. 415-448.

 

Fairness as a Source of Hysteresis in Employment and Relative Wages.

Published (with minor revisions) in Journal of Economic Behavior and Organization, Vol 57, 2005, pp. 305-331.

 

Mythical Ages and Methodological Strictures - Joan Robinson's Contributions to the Theory of Economic Growth

Published (with minor revisions) in Bill Gibson (ed.) Joan Robinson's Economics: A Centennial Celebration, Edward Elgar, 2005, pp. 173-194.

 

Election Campaigns, Agenda Setting and Electoral Outcomes

With M. Holler. Published (with minor revisions) in Public Choice, 2005, pp. 215-228.

 

Wage Inequality and Skill Asymmetries.

With P. Auerbach. Published (with minor revisions) in M. Setterfield (ed.) Interactions in Analytical Political Economy: Theory, Policy and Applications, M.E. Sharpe, 2005, pp. 27-54.

 

Reply to Skillman

With P. Auerbach. In M. Setterfield (ed.) Interactions in Analytical Political Economy: Theory, Policy and Applications, M.E. Sharpe, 2005, pp. 61-66.

 

Economic Explanation, Ordinality and the Adequacy of Analytic Specification

With D. Katzner. Published (with minor revisions) in Journal of Economic Methodology, 2004, pp. 437-453.