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9780230294455

Contributions to Stock-Flow Modeling Essays in Honor of Wynne Godley

by ;
  • ISBN13:

    9780230294455

  • ISBN10:

    0230294456

  • Format: Hardcover
  • Copyright: 2012-01-15
  • Publisher: Palgrave Macmillan
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Summary

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Author Biography

Dimitri B. Papadimitriou is Jerome Levy Professor of Economics and Executive Vice President of Bard College, and President of the Levy Economics Institute, Annandale-on-Hudson, New York. He heads the Levy Institute's Macro-Modeling Team, is co-author of its Strategic Analysis reports and is author and editor of the Levy Economics Institute Book Series. Dr Papadimitriou was vice-chairman of the Trade Deficit Review Commission of the US Congress and has testified in the US Senate and Congressional Committee Hearings on Banking and Finance and Small Business. He is a member of the editorial boards of Challenge. The Bulletin of Political Economy and Journal of Economic Analysis, and has authored many articles in professional journals. Gennaro Zezza is Associate Professor of Economics at the University of Cassino, Italy, and Research Scholar at the Levy Economics Institute of Bard College, USA. He is a member of the Levy Institute's Macro-Modeling Team and co-author of its Strategic Analysis reports. Zezza worked with the late Distinguished Scholar Wynne Godley in the United Kingdom, Denmark and Italy, as well as at the Levy Institute. His other research interests include economic growth, monetary economics and applied econometrics.

Table of Contents

List of Tablesp. vii
List of Figuresp. x
List of Abbreviations and Acronymsp. xiv
Levy Economics Institute of Bard Collegep. xvi
Acknowledgementsp. xvii
Notes on Contributorsp. xviii
Wynne Godley's Economicsp. 1
Godley Moves in Mysterious Ways: The Craft of Economic Judgment in Post-war Britainp. 12
Godley Got It Rightp. 36
Who Are These Economists, Anyway?p. 63
A New Look at New Cambridge: Will the UK Private Expenditure Function Stand Up?p. 76
Three Balances and Twin Deficits: Godley versus Ruggles and Rugglesp. 125
From Macroeconomics to Monetary Economics: Some Persistent Themes in the Theory Work of Wynne Godleyp. 137
Godley and Graziani: Stock-flow Consistent Monetary Circuitsp. 154
The Stock-flow Consistent Approach with Active Financial Marketsp. 173
Financial Integration and Stabilization in a Monetary Union Without or With Bank Rationingp. 197
Debt-deflation Traps Within Small Open Economies: A Stock-flow Consistent Perspectivep. 235
A Debate with Wynne Godley on the Neutrality of Fiscal Policyp. 266
The Effectiveness of Fiscal Policy in the Levy Institute's Stock-flow Modelp. 300
Of Unsustainable Processes and the US Dollarp. 321
Squaring the Circle in Euro Land? Some Remarks on the Stability Programmes 2010-13p. 349
Wynne Godley - A Bibliographyp. 377
Indexp. 388
Table of Contents provided by Ingram. All Rights Reserved.

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