Post-Keynesian Economics: New Foundations by Marc Lavoie
Chapter 8: Inflation Theory

References

• Aidar, G., and J. Braga. 2020. ‘Country-Risk Premium in the Periphery and the International Financial Cycle 1999-2019.’ Investigación Económica 79 (313): 78–111. doi:10.22201/fe.01851667p.2020.313.76066.
   Web of Science ®Google Scholar
• Aidar, G., and F. Serrano. 2022. ‘Impacts of Tax Incidence on Distribution and Effective Demand in a Sraffian Framework’, Anais do 50° Encontro Nacional de Economia, ANPEC, Fortaleza/CE, 2022 available at ANAIS ANPEC 2022 accessed on April 6th 2023.
   Google Scholar
• Blanchard, O. 2016. ‘The United States Economy: Where to from Here? The Phillips Curve: Back to the ‘60s?’ American Economic Review 106 (5): 31–34. doi:10.1257/aer.p20161003.
   Web of Science ®Google Scholar
• Blanchflower, D., A. Bryson, A. Spurling, et al. 2022. ‘The Wage Curve after the Great Recession’. Working Paper 30322 National Bureau of Economic Research. Accessed April 6 2023. http://www.nber.org/papers/w30322.
   Google Scholar
• Blecker, R. 1989. ‘International Competition, Income Distribution and Economic Growth.’ Cambridge Journal of Economics 13 (3 (September)): 395–412.
   Web of Science ®Google Scholar
• Carlin, W., and D. Soskice. 1990. Macroeconomics and the Wage Bargain. Oxford: Oxford University Press.
   Google Scholar
• Carlin, W., and D. Soskice. 2018. ‘Stagnant Productivity and low Unemployment: Stuck in a Keynesian Equilibrium.’ Oxford Review of Economic Policy 34 (1-2): 169–194. doi:10.1093/oxrep/grx060.
   Web of Science ®Google Scholar
• Chen, Y., K. Rogoff, and B. Rossi. 2010. ‘Can Exchange Rates Forecast Commodity Prices?’ Quarterly Journal of Economics 125 (3): 1145–1194. doi:10.1162/qjec.2010.125.3.1145.
   Web of Science ®Google Scholar
• Fazzari, S., P. Ferri, and A. Variato. 2020. ‘Demand-led Growth and Accommodating Supply.’ Cambridge Journal of Economics 44 (3): 583–605. doi:10.1093/cje/bez055.
   Web of Science ®Google Scholar
• Garegnani, P. 1988. ‘Actual and Normal Magnitudes: A Comment on Asimakopulos.’ Political Economy 4: 261–268.
   Google Scholar
• Garegnani, P. 1990. ‘‘Sraffa: Classical Versus Marginalist Analysis’.’ In Essays on Piero Sraffa, edited by K. Bharadwaj, and B. Schefold, 112–140. London: Unwin Hyman.
   Google Scholar
• Ginzburg, A., and A. Simonazzi. 2011. ‘Disinflation in Industrialized Countries, Foreign Debt Cycles, and the Costs of Stability.’ In Sraffa and Modern Economics, Volume II, edited by R. Ciccone, C. Gehrke, and G. Mongiovi, 500–532. Abingdon: Routledge.
   Google Scholar
• Godley, W. 1983. ‘Keynes and the Management of Real National Income and Expenditure.’ In Keynes and the Modern World, edited by D. Worswick, and J. Trevithick, 135–156. Cambridge: Cambridge University Press.
   Google Scholar
• Hein, E. 2006. ‘Wage Bargaining and Monetary Policy in a Kaleckian Monetary Distribution and Growth Model: Trying to Make Sense of the NAIRU.’ European Journal of Economics and Economic Policies: Intervention 3 (2): 305–329. doi:10.4337/ejeep.2006.02.12
   Google Scholar
• Lavoie, M. 2022. Post-Keynesian Economics. New Foundations. Cheltenham, UK: Edward Elgar Publishing.
   Google Scholar
• Levrero, E. 2023. ‘The Taylor Rule and its Aftermath: An Interpretation Along Classical-Keynesian Lines.’ Review of Political Economy, 1–19. doi:10.1080/09538259.2023.2166729
   Web of Science ®Google Scholar
• Meloni, W., D. Romaniello, and A. Stirati 2022. ‘Inflation and the NAIRU: Assessing the Role of Long-Term Unemployment as a Cause of Hysteresis.’ Economic Modelling 113: 11–47. doi:10.1016/j.econmod.2022.105900.
   Web of Science ®Google Scholar
• Nah, W., and M. Lavoie 2018. Overhead Labour Costs in a Neo-Kaleckian Growth Model with Autonomous Expenditures. IPE Working Papers 111/2018. Institute for International Political Economy (IPE).
   Google Scholar
• Palley, T. 2018. ‘Recovering Keynesian Phillips Curve Theory: Hysteresis of Ideas and the Natural Rate of Unemployment.’ Review of Keynesian Economics 6 (4): 473–492. doi:10.4337/roke.2018.04.07.
   Web of Science ®Google Scholar
• Palley, T. 2019. ‘The Economics of the Super-Multiplier: A Comprehensive Treatment with Labor Markets.’ Metroeconomica 70 (2): 325–340. doi:10.1111/meca.12228
   Web of Science ®Google Scholar
• Phillips, A. 1958. ‘The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957.’ Economica 25: 283–299.
   Web of Science ®Google Scholar
• Rochon, L., and M. Lavoie. 2023. ‘Olivier Blanchard and Inflation’ in Monetary Policy Institute Blog. Accessed March 24, 2023. https://medium.com/@monetarypolicyinstitute/olivier-blanchard-and-inflation-219f195125fe.
   Google Scholar
• Rowthorn, R. 1977. ‘Conflict, Inflation and Money.’ Cambridge Journal of Economics 1 (3): 215–239.
   Web of Science ®Google Scholar
• Rudd, J. 2021. ‘Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?).’ Review of Keynesian Economics 10 (1): 25–45. doi:10.4337/roke.2022.01.02
   Web of Science ®Google Scholar
• Serrano, F. 1993. ‘BOOK REVIEWS.’ Contributions to Political Economy 12 (1): 117–124. doi:10.1093/oxfordjournals.cpe.a035618.
   Google Scholar
• Serrano, F. 2007. ‘Histéresis, Dinámica Inflacionaria y el Supermultiplicador Sraffiano.’ In Seminarios Sraffianos, edited by F. Serrano, 1–24. Buenos Aires: Edicciones Cooperativas.
   Google Scholar
• Serrano, F. 2010. ‘O conflito distributivo e a teoria da inflação inercial.’ Revista de Economia Contemporânea 14 (2): 395–421. doi:10.1590/S1415-98482010000200007
   Google Scholar
• Serrano, F. 2013. ‘‘Continuity and Change in the International Economic Order: Towards a Sraffian Interpretation of the Changing Trend of Commodity Prices in the 2000s’.’ In Sraffa and the Reconstruction of Economic Theory: Volume Two, edited by E. S. Levrero, A. Palumbo, and A. Stirati, 195–222. London: Palgrave Macmillan.
   Google Scholar
• Serrano, F. 2019 ‘Mind the Gaps: The Conflict Augmented Phillips Curve and the Sraffian Supermultiplier.’ IE-UFRJ, Working Paper 11, 2019. Accessed April 6, 2018. http://www.ie.ufrj.br/images/pesquisa/publicacoes/discussao/2017/tdie0112019serrano.pdf
   Google Scholar
• Serrano, F., R. Summa, and F. Freitas. 2023. ‘Autonomous Demand-led Growth and the Supermultiplier: The Theory, the Model and Some clarification’. TD 003 - 2023. IE UFRJ. Accessed April 6, 2018. https://www.ie.ufrj.br/images/IE/TDS/2023/TD_IE_003_2023_SERRANO_SUMMA_FREITAS.pdf.
   Google Scholar
• Serrano, F., R. Summa, and V. Moreira. 2020. ‘Stagnation and Unnaturally low Interest Rates: A Simple Critique of the Amended New Consensus and the Sraffian Supermultiplier Alternative.’ Review of Keynesian Economics 8 (3): 365–384. doi:10.4337/roke.2020.03.04
   Web of Science ®Google Scholar
• Setterfield, M., and K. Leblond. 2003. ‘The Phillips Curve and US Macroeconomic Performance During the 1990s.’ International Review of Applied Economics 17: 361–376. doi:10.1080/0269217032000118729.
   Google Scholar
• Staiger, D., J. Stock, and M. Watson. 1996. ‘How Precise Are Estimates of the Natural Rate of Unemployment?’. NBER Chapters, in Reducing Inflation: Motivation and Strategy, 195–246, National Bureau of Economic Research, Inc.
   Google Scholar
• Stanley, T. 2002. ‘When all are NAIRU: Hysteresis and Behavioural Inertia.’ Applied Economic Letters 9 (11): 753–757. doi:10.1080/13504850210128785
   Web of Science ®Google Scholar
• Stirati, A. 2001. ‘Inflation, Unemployment and Hysteresis: An Alternative View.’ Review of Political Economy 13 (4): 427–451. doi:10.1080/09538250120099944.
   Google Scholar
• Stockhammer, E. 2008. ‘Is the NAIRU Theory a Monetarist, New Keynesian, Post Keynesian or a Marxist Theory?’ Metroeconomica 59 (3): 479–510. doi:10.1111/j.1467-999X.2008.00314.x.
   Web of Science ®Google Scholar
• Summa, R., and J. Braga. 2020. ‘Two Routes Back to the old Phillips Curve: The Amended Mainstream Model and the Conflict Augmented Alternative.’ Bulletin of Political Economy 14 (1 June): 81–115.
   Google Scholar
• Sylos-Labini, P. 1982. ‘Rigid Prices, Flexible Prices and Inflation.’ Banca Nazionale del Lavoro Quarterly Review 35 (140): 37–68.
   Google Scholar
• Tarling, R., and F. Wilkinson. 1985. ‘Mark-up Pricing, Inflation and Distributional Shares: A Note.’ Cambridge Journal of Economics 9: 179–185.
   Web of Science ®Google Scholar
• Verbrugg, R., and S. Zaman. 2021. ‘Whose Inflation Expectations Best Predict Inflation?’ Federal Reserve Bank of Cleveland 2021 ((19) October): 1–7. doi:10.26509/frbc-ec-202119
   Google Scholar
• Wilkinson, F. 2000. ‘Inflation and Employment: Is There a Third way?’ Cambridge Journal of Economics 24 (6): 643–670. doi:10.1093/cje/24.6.643.
   Web of Science ®Google Scholar