Archive

We have developed over a number of years and now make publicly available a new and unprecedented data resource for understanding levels of living, poverty, inequality and inclusivity of growth and development around the world.

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. Next, we extend our model by incorporating borrowing and emulation effects into workers’ consumption behavior, under different assumptions about how debt is serviced.

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

This paper traces the evolution of the concept of the cyclically adjusted budget from the 1930s to the present.

We show how every stock-flow consistent model of the macroeconomy can be represented as a directed acyclic graph.

A growth model incorporating dynamics of capital per capita, atmospheric CO2 concentration, and labor and energy productivity is described.

We estimate the effect of the diffusion of photovoltaic (PV) systems on the fraction of votes obtained by the German Green Party.

We study the lags with which new technologies are adopted across countries, and their long-run penetration rates once they are adopted.

This paper considers a puzzle in growth theory from a Keynesian perspective.

Central to John Maynard Keynes (1941) original Bretton Woods proposal was an international clearing union that would issue a new international currency by fiat called bancor. Among other functions, this international central bank would finance the stabilization of individual commodity prices through commodity buffer stocks.