WORKING PAPER | We develop a generic Kalecki-Robinson model of growth that illustrates the different channels through which the economy can adjust to a change in demand conditions in the long run.

WORKING PAPER | This paper further explores the plausibility of the Keynesian stability condition by enriching the Kaleckian growth model with a more fully developed Keynesian theory of expectations formation.

WORKING PAPER | We first show that, with a Kaleckian structure that is consistent with Pasinetti (1962), the relationship between distribution and growth is more robust than conventional wisdom suggests.

WORKING PAPER | This paper contributes to the theory of the time-varying multiplier.

WORKING PAPER | Path dependency is defined, and three different specific concepts of path dependency – cumulative causation, lock in, and hysteresis – are analyzed.

WORKING PAPER | The essential insight advanced in this paper is that the claim that inflation can impair growth makes most sense in the context of a monetary production economy.

WORKING PAPER | This paper shows how Keynes-Kalecki Structuralist models might benefit from agent-based microfoundations without sacrificing traditional macroeconomic themes.

WORKING PAPER | The question addressed in this paper is: can monetary policy succeed in stabilizing the economy even when the policy model on which it is predicated is mis-specified?

WORKING PAPER | Using a multi-agent systems model, this paper shows that real economies, especially those subject to recurrent financial crises, can be neither horizontalist nor verticalist.

WORKING PAPER | This paper investigates recent developments in the literature that estimates the NAIRU.

WORKING PAPER | The argument advanced in this paper challenges Tony Lawson's claim that a heterodox economist's use of mathematical modeling is at odds with their (implicit) acceptance of an open-systems ontology.

WORKING PAPER | This paper discusses the concept of path dependence in macrodynamics, and identifies practical difficulties associated with building path-dependent macrodynamic models.

WORKING PAPER | We investigate the claim that the way in which debtor households service their debts matters for macroeconomic performance.

WORKING PAPER | A Kaleckian growth model is modified to incorporate working households who borrow to finance some part of their consumption spending.