“...This book offers a long overdue and refreshing Keynesian approach to the rise of European unemployment. It critically discusses the NAIRU theory and presents...”

“...The paper offers an account of the Euro crisis based on post-Keynesian monetary theory and its typology of demand regimes. Neoliberalism has transformed social...”

“...Byline: Engelbert Stockhammer Biographical information: Engelbert Stockhammer (e.stockhammer@kingston.ac.uk) is Professor of Economics at the Department of...”

“...Within post-Keynesian macroeconomics, the Kaleckian streams analysing demand regimes and the Minskyan streams analysing financial instability have proceeded...”

“...Abstract While current account imbalances have widened in recent decades, their causes are still debated. Trade-centred approaches highlight the role of cost...”

“...The global financial crisis has highlighted the importance of financial factors on economic performance. Most of the existing research analyses the...”

“...This paper investigates the effects of financialisation and functional income distribution on aggregate demand in the USA by estimating the effects of the...”

“...The paper presents a post-Keynesian view of unemployment. It argues, first, that the effective labour demand need not be downward sloping with respect to real...”

“...ABSTRACT The NAIRU (non‐accelerating inflation rate of unemployment) theory has become the mainstream theory in explaining unemployment in Europe and is often...”

“...An increase in the wage share has contradictory effects on the subaggregates of aggregate demand. Private consumption expenditures ought to increase because...”