Скачать или смотреть Introduction to Post-Keynesian Macroeconomics for Political Economy

We are happy to present Engelbert Stockhammer, professor of Political Economy in King’s College London as our virtual guest in June 20. He will present an broad overview of post-Keynesian economics (PKE). The seminar requires no in-depth knowledge of PKE and will be accessible to a broader audience.

Stockhammer will first present the the methodological foundations of PKE and discuss differences and similarities to mainstream economics and New Keynesian Economics in particular. Second, he will present the main features of PKE: demand-led growth (the goods market), post-Keynesian monetary theory (financial markets) and the theory of induced technological change and how it gives rise to path-dependent growth (the supply side). Third, he will present the post-Keynesian theory of demand regimes, which covers distributional growth drivers (wage/profit-led growth) as well as finance and fiscal policy effects. Finally, he will discuss financialisation, and the return of financial cycles and the central role of real estate prices for macroeconomic performance.