Research At SCEPA
Growth, Income Distribution, and the ‘Entrepreneurial State’
WORKING PAPER | In this paper, we introduce a twofold role for the public sector in the Goodwin (1967) model of the growth cycle.
Credit-Driven Investment, Labor Markets and Macroeconomic Dynamics
WORKING PAPER | This paper sets up a baseline, advanced and complete model representing goods market dynamics, heterogeneous labor markets, wage-price adjustment processes, and counter-cyclical government policies.
Capitalists, Workers, and Managers
WORKING PAPER | This paper presents a simple three-class model in the Kaleckian tradition to investigate the implications of a dominant managerial class class for the dynamics of demand and distribution.
Globalization as Coordination Failure
WORKING PAPER | This paper presents an(other) investigation of the links between growth and distribution.
Productivity & Wages Under Technical Change
WORKING PAPER | In a simple one-sector economy operating at full capacity, workers and firms bargain over wages and productivity gains taking into account the trade-offs faced by firms.
Non-linearities & Equilibria in a Model of Distributive-Demand Cycles
WORKING PAPER | The authors offer results of a non-parametric estimate of the US wage- Phillips Curve as a simplified version of the model of the wage-price spiral by Flaschel and Krolzig.