Research At SCEPA
A New Approach to the Business Cycle
ARTICLE | SCEPA economists published research in an influential academic journal on the Keynesian multiplier, a hotly debated issue in progressive economics on the efficacy of fiscal policy and deficit spending in a recession.
The Natural Interest Rate and Secular Stagnation
WORKING PAPER | This paper reviews literature and theory on macroeconomics' use of the "natural" interest rate.
Varieties of Keynesianism
WORKING PAPER | Recent claims from Paul Krugman on the superiority of the IS-LM version of Keynesian economics call for a re-thinking of Keynesian economics.
The Triumph of the Rentier?
WORKING PAPER | Taylor builds a model of growth and income distribution that shows Piketty's gloomy prediction of an ever greater share of income going to the rich to be far from inevitable.
Paul Krugman's "Liquidity Trap"
WORKING PAPER | Paul Krugman proposes a heuristic model to analyze the current macroeconomic situation.
Institutions, Aggregate Demand and Cross-Country Employment
WORKING PAPER | The central claim of this paper is that a still richer account requires embedding the Keynesian account in a comparative political economy framework.
A Proposed Synthesis of Classical and Keynesian Growth
WORKING PAPER | The author posits combining the essential propositions of Keynesian-type and what he calls Classical-Type growth theories in a simple way.