This article presents neo-Kaleckian macroeconomic models that are intended for under-graduate instruction at the introductory and intermediate levels. The neo-Kaleckian approach incorporates markup pricing, monopoly power, and income distribution into a demand-driven macro model for short-run analysis.
In this paper, we analyse the recent inflation period (2021-2023) in the case of France. We first study the cost-push dimension of inflation with an Input-Output price model (Leontief price model) using the methodology developed by Weber et al (2024) for the USA, which we extend to include the sensitivity of the CPI to import prices; this allows us to identify, in the case of France, the ‘systemically significant’ sectors as defined by Weber et al (2024) (after Hockett & Omarova (2016)).
This paper is about fiscal consolidation measures (i.e. tax hikes and government spending cuts motivated by a desire to reduce the fiscal deficit and public debt) in euro area (EA) countries.
This paper investigates the impact of different varieties of capitalism (VoC) on societal happiness. It begins with a critique of Neoclassical welfare economics which emphasizes Pareto optimality, and it argues for focusing on reported societal happiness.
FMM Fellows are distinguished scholars that contribute to the development of the Forum, act as its ambassadors in academics and policy circles and give advice to the coordination group.
