The list of challenges facing our economies seems to be growing all the time. While many countries had not fully recovered from the "Great Recession", the COVID-19 pandemic has hit our societies hard, against the backdrop of rising inequality and the climate challenge.

While the magnitude of the health and economic shock of COVID-19 has been amplified by the underfunding of systems over the past decades, it is concerning that voices are beginning to call for a return to austerity policies, when we should instead be investing in the ecological transition and other social cohesion and resilience policies. Despite its media and academic dominance, mainstream economics does not offer adequate tools to address real problems or formulate coherent policy proposals.  To develop theories and policies that are relevant to the real world, we need to use theories other than the mainstream view. As such, post-Keynesian theory is a prime candidate to offer an alternative.

The avenues of research to be developed are both qualitative and quantitative, including issues of conceptualization, methodology, modeling, as well as empirically calibrated economic policy formulation. In particular, there is an urgent need to pursue research in the Stock-Flow Consistent (SFC) tradition and to promote the benefits of pluralism, cross-cutting and problem-based learning in economics education. Finally, particular emphasis should be placed on the inclusion of ecological and societal issues in formulations of economic theory and policy.

The 2022 conference continues and expands the themes initiated during the 2017 conference. 

• Prof. Özlem Onaran
  Professor of economics, Co-Director of Institute of Political Economy, Governance, Finance and Accountability, University of Greenwich
  A green purple red new deal in the aftermath of the pandemic
  See introduction video on LinkedIn
  
  
• Prof. Anna Maria Carabelli
  Professor of political economy, The University of Eastern Piedmont, Italy
  On Keynes's uncertainty as a tragic rational dilemma
  
  
• Prof. Louis-Philippe Rochon
  Professor of economics, Laurentian University
  Deconstructing mainstream monetary policy
  See introduction video on LinkedIn
  
  
• Prof. Eckhard Hein
  Professor of Economics, Berlin School of Economics and Law
  Demand-led growth regimes and macroeconomic policy regimes in the Eurozone: Kaleckian implications for the post-pandemic
  
  
• Etienne Espagne
  Senior economist, Agence Française de Développement (AFD) (The French Development Agency)
  Towards strong sustainability trajectories
  
  
• Prof. Peter Skott
  Professor of economics, University of Massachusetts Amherst
  Professor of economics (visiting), Aalborg University
  Structuralist and behavioral macroeconomics
  See introduction video on LinkedIn
  
  
• Prof. Jesper Jespersen
  Professor Emeritus, Roskilde University
  "Anything we can do we can afford", The ‘Principle of Effective Demand’ reconsidered
  See introduction video on LinkedIn

All papers available from this location are strictly for the benefit of registered conference participants, and may not be reproduced or distributed in any way or form. Please respect the authors wish not to share or distribute the papers.

The papers are listed below in alphabetical order, several papers are withheld due to copyright considerations while papers are under review.

All papers from all sessions

• Adam Kerényi, János Müller: The Trap of Regulatory Challenges in the Digital Financial System
• Adrien Faudot: On Edgard Milhaud, a militant in favour of the establishment of an international clearing union in the 1930s. A forgotten forerunner of Keynes?
• Alejandro Márquez-Velázquez: The Growth and Exchange Rate Nexus: The Role of Global Value Chains
• Andrew Jackson, Tim Jackson: Modelling transition risks: stranded assets and energy return on energy investment in a stock-flow consistent, input-output framework.
• Antti Ronkainen: Helicopter money - never ever or already here?
• Arturo Hermann: Systemic Economic Imbalances in Covid-19 Time and the Policies for an Alternative Economy
• Brian Cepparulo, Robert Calvert Jump: The impact of Covid-19 restrictions on economic activity: evidence from the Italian regional system
• Cédric Rogé: Harrodian instability in a post-Keynesian growth and distribution model
• Clara Zanon Brenck: Inequality, Debt Dynamics and the Incidence of Tax Rates: Addressing Macroeconomic Stability in a Post Keynesian Model
• Colin Vuilletet, Pierre Funalot: A Stock-Flow Consistent approach to the implications of public debt as a safe asset on the liquidity preference of banks in the EMU
• Daniel Feliciano Cruz: A Financialized Monetary Production Economy. A theoretical framework and some empirical evidence for Spain.
• Danilo Spinola, Önder Nomaler, Bart Verspagen: Demand-led Industrialisation Policy in a Dual-Sector Small Balance of Payments Constrained Economy
• Danilo Spinola, Arpan Ganguly: Growth and Distribution regimes under Global Value Chains: Diversification, Integration and Uneven Development
• Dario Leoni, Andrew Jackson, Tim Jackson: Post-growth and the North-South divide: a post-Keynesian stock-flow consistent analysis
• Dawit Haileyesus Denegetu: Remittances in the time of Pandemics
• Eckhard Hein: Financialisation, varieties of macroeconomic regimes and stagnation tendencies in a stylised Kaleckian model
• Edoardo Pizzoli: Government spending, multinational de-localization, and income redistribution: the budget trap
• Eric Berr, Virginie Monvoisin: Modern Post-Keynesian Approaches: Continuities and Ruptures with Monetary Circuit Theory
• Ettore Gallo: Green Goodwin: Reduction of CO2 Emissions, Climate Damage and the Persistence of Business Cycles
• Ettore Gallo: When is the Long Run? - Historical Time and Adjustment Periods in Demand-led Growth Models
• Federico Riccio, Lorenzo Cresti: Labour Share Along Global Value Chains: \\ Perspectives and Evidence From Sectoral Interdependencies
• Finn Olesen: Lucas, modern macroeconomics and the Post Keynesians
• Frank Felgendreher: The Historic Scenario Dependent and Problem-Oriented Didactics of Economics
• Gabriel Petrini, Ricardo Summa, Lucas Teixeira: Cycles: empirics and the Supermultiplier theory
• Gabriel Temesgen Woldu: Is there a debt-threshold effect on per capita GDP growth in South Africa?
• Geoff Tily: Macroeconomics as an Instrument of Power
• Gregoire Gauthier Noel, Gaël PierreGiraud: Modeling the economy as a dissipative structure to address the ecological shift
• Ha Thi Thu Nguyen, Etienne Espagne: Macroeconomic impacts of climate change. An empirical stock-flow consistent model for Vietnam
• Hamid Raza: Income distribution and aggregate demand in a small open economy:evidence from Denmark
• Ilhan Dögüs: Production structure, output and profits- a note
• Ilja Viktorov, Alexander Abramov: The rise of collateral-based finance under state capitalism in Russia
• Jacopo Temperini, Carlo D'Ippoliti, Lucio Gobbi: A New Tool for Economic Policy: Central Bank Digital Currencies
• Jacques Mazier, Luis Reyes: Unconventional monetary policy in an econometric SFC model of the French economy
• Jan Holm Ingemann: Path deviation - a methodological discussion
• Jesper Jespersen: The Return of the Master (II)' - the case of Denmark, 2008/10 & 2020/22
• Joana David Avritzer, Lídia Brochier: Household credit-financed consumption and the debt service ratio: tackling endogenous autonomous demand in the supermultiplier model
• John Alexander Smith: A Fractal Interpretation of the Keynesian Paradoxes
• José Paulo Miketen Maltaca, Felipe Almeida: Moving Forward: An Approach to post-Keynesian Institutionalism through the Kaleckian Perspective
• Jose Pedro Bastos Neves, Willi Semmler: Taxing Dirty Assets: a Proposal for a Carbon Wealth Tax
• Jussi Ahokas, Antti Ronkainen: The Era of Central Bank Capitalism – the overwhelming role of Central Banks in twenty-first-century financial capitalism
• Kosal Nith: Monetary Policy and Household Income Distribution: An Empirical Analysis from Cambodia
  Appendix
• László Kulin: New Challenges during COVID-19 pandemic period
• Léo Malherbe, Thibault Laurentjoye: Endogenous money: a general approach
• Loïck Tange: Labour costs, competitiveness and intra-euro zone imbalances
• Louison Cahen-Fourot, Jeff Althouse, Bruno Carballa Smichowski, Cédric Durand, Steven Knauss: Ecologically unequal exchange and uneven development patterns along global value chains
• Louison Cahen-Fourot: Growth dependency in modern economies: the monetary growth imperative controversy and beyond
• Luciano Alencar Barros: The relationship between inflation and unemployment in the USA in the surplus approach
• Maria Cristina Barbieri Góes: A Tale of Three Prices: Monetary Policy and Autonomous Consumption in the US
• Maria Cristina Barbieri Góes: An Analysis of the Patterns of Economic Growth in US: Autonomous Demand Components, and Their Divergent Multipliers
• Martin Hugh Prior: Frankfurt: the implications of a gravitational pull
• Marwil Jhonatan Dávila-Fernández, José LuisOreiro: A song of ice and fire: Competitiveness in an export-led growing economy
• Matheus Grasselli: From monetary policy responses to Covid-19 to green quantitative easing: perspectives in modern central banking
• Mikael Byrialsen, Hamid Raza, Sebastian Valdecantos, Thibault Laurentjoye: An empirical quarterly model for Denmark
• Miquel Bassart i Loré: Fiscal and monetary policy effects on institutional investors’ liquid portfolio: A Post-Keynesian stock-flow consistent model
• Nathalie Marins: Monetary Policy Autonomy and the New Keynesian "-lemmas" debate: a post Keynesian critique
• Nathalie Marins: The Monetary Policy Trilemma in Keynesian Models: an alternative look at policy space (and constraints)
• Nikolas Schiozer: Price formation and macroeconomic performance as coevolutionary phenomena in an agent-based macroeconomic model
• Pierre Funalot: A Stock-Flow Consistent approach to the implications of public debt as a safe asset on the liquidity preference of banks in the EMU
• Ricardo Summa, Franklin Serrano, Fabio Freitas: Autonomous Demand-led growth and the Supermultiplier: the theory, the model and applications
• Ryan Woodgate: Offshoring through Vertical FDI in a Long-Run Kaleckian Model
• Sascha Keil: The challenging estimation of trade elasticities: Tackling the inconclusive eurozone evidence
• Sean Alexander Maxfield: Anti-Meritocratic Economics in the Contemporary Era: The Issues With The Neoclassical Theory
• Sebastian Valdecantos: Grasping Argentina's Green Transition: Insights from a Stock-Flow Consistent Input-Output Model
• Simon Grothe: A Stock-Flow Consistent Model of Income Inequality – The destabilizing Effects of the German Labor Market on the EMU
• Thibault Laurentjoye: Sterilised vs unsterilised FX interventions
• Thomas Gries, Marlon Fritz, Lukas Wiechers: Growth with Mismatch and demand constraints - Theory, and Evidence from TFP Estimates
• Valeria Jimenez: A post-Keynesian stability analysis of full employment in a stationary economy with labor productivity growth
• Yuki Tada: Debt-Deflation and Counter Cyclical Fiscal Policy: The Principle of the Stock Flow Consistency Model

Abstracts and conference participation

For those interested in presenting at the conference please note:

Deadline for submission of abstracts: 01 FEB 2022

The payments and registration system is now available to the general public.

Registration and payment

Fees and proceedings

The fees for participating in the conference proceedings will be as follows:

• PhD Seminar: Free of charge for registered conference participants (additional charge of €5 to have a lunch sandwich included).
• Conference participation fee: €150
• PhD participant fee (if accepted to participate in the PhD Seminar): €30

PhD seminar

• 27th April 2022, Wednesday. 09:30 - 16:00 Create building, Aalborg Universitet, 9000 Aalborg, Denmark (to be finalised).

Funding fpr PhD applicants: Additional instructions

In order to qualify for full funding, PhD applicants that wish to attend free of charge are required to both present research and participate in the review of a fellow researcher's work at the PhD seminar 27th April 2022. This will not preclude these participants from participating in the main conference proceedings.

PhD scholars and early stage researchers that wish to present at both the PhD Seminar and the main conference will have the option to indicate so in the abstract submission form.

Welcome drinks and walking tour

• 27th April 2022, Wednesday. Further information regarding welcome drinks and our guided tour will be made available soon.

Conference days

• 28th – 29th April 2022, Thursday - Friday. 08:00 - 18:00. Folkekirkens hus, Gammeltorv 4, Aalborg, Denmark.

Conference dinner

• 28th April 2022, Thursday, 19:00pm, Folkekirkens hus, Gammeltorv 4, Aalborg, Denmark. 

Accommodation

Unfortunately, accommodation will not be funded, but some options can be seen on the websites:

• bookings.com
• hotels.com

If you should choose accommodation that is close to the city centre, a bus should be available to take you near to where you want to be.

• View route maps for busses in the Aalborg area
• View daytime route maps for busses in Aalborg
• View night bus route maps for busses in Aalborg

PhD seminar details and location

A special PhD session will take place the 27th April 2022. The session's main objective is to offer PhD candidates a platform for presenting their work to peers and senior researchers. Each presenter will get 20 minutes to present his/her work, which will be followed by detailed and valuable feedback provided by another fellow PhD student and a senior researcher, and questions from the audience. In other words, the PhD students are given an opportunity to both practice the presentation of their work as well to provide constructive feedback to peers.

PhD presenters who wish to participate in the main conference must submit a complete paper by the paper submission deadline on the 01 February 2022. PhD presentations for the PhD Seminar may be supported with a full paper or an extended abstract.

The PhD seminar venue is again expected to be located at the Create AAU building, alongside the Limfjord promenade and a stone throw from Musikkenshus, The Aalborg Opera House.

• View the location of the Create AAU building at, Rendsburggade 14, 9000 Aalborg, Denmark, on Google Maps

Welcome cocktails and guided walk

The details regarding the welcome drinks and the guided tour will be made available soon.

Conference location

The Fifth Nordic Post-Keynesian conference will be held in the city centre of Aalborg in a former branch of the Danish National Bank.

• View the location Folkekirkens Hus, Gammeltorv 4, 9000 Aalborg, Denmark on Google Maps

Dinner location

All those interested in joining for dinner, will be invited to meet again at the Folkekirkens Hus location on the evening of Thursday 28th April 2022. Dinner is included in the conference fee.

Travel 

Flights

Participants are responsible for arranging their own travel to and from Aalborg and to the conference location. Direct flights to Aalborg are available from several European destinations, including London, Amsterdam and Copenhagen. Momondo provides a useful comparison and booking tool.

Buses and taxis

It is possible to utilise both taxi and bus services once in Aalborg. The airport (Aalborg Lufthavn) is situated only 6 km outside of the centre of the city (in Nørresundby), and busses run frequently. The cost of a bus ticket must be paid in Danish Kroner and would be in the region of DKK 25 (€3 - €4) for one person to travel into the city, and busses run roughly every 15 – 30 min, depending on how late you will be arriving.

Bus tickets are usually valid for around an hour after purchase, which means that provided you are within the same zones you could travel multiple times. There is an ATM machine in the airport from which Danish Kroner can be withdrawn. Bus travel options can be checked at the link below. You can also use the local bus system operator app on a smartphone to purchase tickets, called NT Mobilbilletter (available in Danish only), or the travel plan app described below (which has an English option).

Taxi fare would be in the region of DKK 200 to DKK 300 (€25 - €40) for a similar journey. The taxi companies that we are aware of are advertised on the Aalborg Airport website.

Check travel times

At the airport, Aalborg Lufthavn, there is free WiFi in the terminal building, in case you need to check travel times. 

All public transport times can be checked and monitored through the transport service called Rejseplanen:

• Travel plan Denmark website (available in Danish, English and German)
• Travel plan Denmark app (available in Danish, English and German)

The PhD Seminar will begin in the morning of the 28th April 2022. Times will be confirmed closer to the date, but we recommend PhD participants to arrive the evening before.

Recommended activities in Aalborg

If you want to hit just one or two highlights, we recommend taking in the views of the Aalborg Tower and a stroll through the forest alongside, a walk through the park of music, singing trees, and a visit to the viking graveyard and museum at Lindholm Høje.

For those into wake boarding, the Aalborg Cable Park should be running at the time.

Sunrise should be around 6:00h and sunset around 20:40h (light from around 05:15h to 21:20h)

• According to Google Maps
• According to the City Council
• According to Lonely Planet

There is much to see and do, and we recommend that you take an extra day or two to explore the city that we call home.

MaMTEP research group

The Fifth Nordic Post-Keynesian Conference is organised by the Macroeconomic methodology, theory and economic policy (MaMTEP) research group at Aalborg University. Recent tradition has been to hold the conference once every three years, with the first two held at Roskilde University, beginning in 2005 and 2008. The following three (2011, 2014, 2017) have since been held at Aalborg. This, the fifth conference to have the title, has now, after much anticipation and two COVID-19 related delays, been arranged for 2022.

Mogens Ove Madsen, together with the other members and administrative staff of the MaMTEP research group, are responsible for the organisation of the conference. 

Contact

All communication regarding the conference should please be directed to Jeanette Hvarregaard, either directly by telephone or via email. 

Papers presented at the Fourth Nordic Post Keynesian Conference

All papers available from this location are strictly for the benefit of registered conference participants, and may not be reproduced or distributed in any way or form. Please respect the authors wish not to share or distribute the papers.

The papers are listed below in the same order as they were presented between the 19th and 21st April. The program can be accessed via the link below. Please note that presentations have been converted to PDF format for security reasons, and therefore some elements of the presentations may have been altered adversely. 

Conference program

Keynote speaker presentations (VIDEOS AVAILABLE ON THE HOMEPAGE)

• Prof. Malcolm Sawyer, Leeds University Business School
• Prof. Dr. Eckhard Hein, Berlin School of Economics and Law
• Prof. Warren Mosler, University of Bergamo
• Prof. Peter Skott, University of Massachusetts Amherst and Aalborg University
• Dr. Stephen Kinsella, Senior Lecturer in Economics at the Kemmy Business School, University of Limerick
• Prof. Jesper Jespersen, Roskilde Universitet and Aalborg University
• Prof. Sheila Dow, Stirling University

Papers presented at the PhD seminar

• Soeren Frank Etzerodt & Jesper Eriksen: Varieties of Capitalism and Varieties of Welfare State Capitalism:An Empirical Assessment of Institutional Complementarities and Economic Growth (PDF)
• Asli Ceren Saral & Denis Abukan: Global Imbalances, income inequalities and policy alternatives
  • Presentation (PDF)
• Robert Smith: Money at first principles: A social value theory of moneyPresentation (PDF)
  Tune Revsgaard Nielsen: From anarchy to central bank policy
  • Presentation (PDF)
• Thibault Laurentjoye: Theoretical and practical considerations on the dialectics of money and debt (PDF)
• Italo Pedrosa: Firms’ Leverage Ratio and the Financial Instability Hypothesis: a Missing Micro-Macro Link? An empirical investigation for the United States economy (PDF)
• Rasmus Hougaard Nielsen: Debt crisis as monetary phenomena – a case study of the Danish agricultural sector.
  • Presentation (PDF)
• Léo Malherbe: Proposal for a new theoretical perspective on endogenous money
  • Presentation (PDF)
• Antti Ronkainen: Money as power in the Euro Zone Crisis
  • Presentation (PDF)
• Konsta Kotilainen: The Political Economy of Monetary Sovereignty
  • Presentation (PDF)
• Ariane Hillig and Hanna Szymborska: What’s in a name? Investigation into the socio-economic characteristics of the middle class in times of financialisation
  • Presentation (PDF)
• Ayoze Alfageme: Financialization effects on income distribution in South Korea in a long-run Kaleckian framework
  • Presentation (PDF)
• André Cieplinski: Employee Control and Between Occupation Wage Inequality
  • Presentation (PDF)
• Lilian Nogueira Rolim: Investment and the wage share: empirical evidence for the case of Brazil (2005 to 2015)
  • Presentation (PDF)

Papers presented on day 1 of the Fourth Nordic Post Keynesian Conference

• David Kotz & Deepankar Basu: Stagnation and Institutional Structures
  • Presentation (PDF)
• Jonathan Perraton: Macroeconomic Implications of Inequality and Household Debt – European Evidence
  • Presentation (PDF)
• Aristotelis Boukouras: Capitalist Spirit and the Markets – Why Income Inequality Matters
  • Presentation (PDF)
• Eric Kemp-Benedict: A Multi-sector Kaleckian-Harrodian Model for Long-run Analysis
  • Presentation (PDF)
• Adam Barrett: Stability of zero-growth economics analysed with a Minskyian model
  • Presentation (PDF)
• Greg Hill: Autonomous agent, multiple beliefs, and general disequilibrium
  • Presentation (PDF)
  • Presentation Text (PDF)
• Yun K. Kim: Understanding the Rise of Household debt in the US
  • Presentation (PDF)
• Niels Fuglsang: The strange non-death of economic models
  • Presentation (PDF)
• Ulas Sener: Why central bank independency (CBI) rests on the idea of money neutrality - Explaining the theoretical link
  • Presentation (PDF)
• Lars Josephsen: On ergodicity – and some links between economics, mathematics and physics
  • Presentation (PDF)
• Finn Olesen: Ergodicity/Non-ergodicity or else?
  • Presentation (PDF)
• Warren Mosler - Modern Money Theory
  • Presentation (PDF)
• Marc Lavoie & Brett Fiebiger - Non-capacity generating semi-autonomous expenditures, effective demand, and business cycles
  • Presentation (PDF)
• Antoine Godin et al.: Climate financial bubbles: How market sentiments shape the transition to low-carbon capital
  • Presentation (PDF)
• Rafael Ribeiro & Gilberto Lima: Fiscal policy rules in a model of growth and distribution
  • Presentation (PDF)
• Samuele Bibi: The stabilising role of the government in a dynamic distribution growth model
  • Presentation (PDF)
• Lars Jørgensen: Basic Ideas and Insights from Modern Monetary Theory (MMT)
  • Presentation (PDF)
• Diego Guevara et al.: Keynes and the early phase of financialization
  • Presentation (PDF)
• Juan Laborda et al.: Financial constraints on Spanish manufacturing firms: Evidence of Minsky moments
  • Presentation (PDF)
• Stefan Voss: There’s life in the old dog yet
  • Presentation (PDF)
• Lauri Holappa: Post-Keynesians to the Rescue? Critical Political Economy Research and the Bond Market Power Fallacy
  • Presentation (PDF)

Papers presented on day 2 of the Fourth Nordic Post Keynesian Conference

• Jesper Jespersen: The Impact of Private Sector Excess Savings: the economy as a whole: flow to stock relationships (Preliminary paper)
  • Presentation (PDF)
• Karen Pfeifer: Reviving the Bretton Woods Vision in North Africa: Keynes Vindicated
  • Presentation (PDF)
• Ferrari, Arestis and Terra: Post Keynesian Macroeconomic Policy Regime
  • Presentation (PDF)
• Guilherme Magacho et al.: The effectiveness of expansionary devaluation at different states of economic development
  • Presentation (PDF)
• Anton Filipenko: Stabilization Policy in Ukraine: A Post-Keynesian Approach (Presentation)
  • Presentation (PDF)
• Matti Estola & Kristian Vepsäläinen: National Accounts as a Stock-Flow Consistent System – Part1: The Real Accounts
  • Presentation (PDF)
• Patrizio Lainà: Keynesian Multipliers in a Stock-Flow Consistent Framework
  • Presentation (PDF)
• Lídia Brochier: A Super-multiplier SFC model: the “return” of the paradoxes of thrift and costs in the long run?
  • Presentation (PDF)
• Eric Kemp-Benedict: Dynamic Stability of post-Keynesian Pricing
  • Presentation (PDF)
• Mustafa Ismihan: Towards a More Realistic Time Series Analysis of Unemployment Dynamics: the Dual Adjustment Approach
  • Presentation (PDF)
• Joan Muysken & Huub Meijers - The impact of quantitative easing in the Netherlands: A stock-flow consistent approach using Dutch data
  • Presentation (PDF)
• Dany Lang - Is the market indeed a good teacher: Market selection, collective adaptation and financial instability.
• Antoine Godin - Introducing risk into a Tobin asset-allocation model
  • Presentation (PDF)
• Mikael Byrialsen & Hamid Raza: Macroeconomic effects of unemployment benefits in small open economies
  • Presentation (PDF)
• Björn Guðmundsson et al.: Financial inflows, crisis, and recovery in small open economies – A SFC approach
  • Presentation (PDF)
• Hamid Raza et al: An empirical SFC model of Denmark
• Nikolaj Mose Hansen: ADAM in the SFC framework and recent developments
  • Presentation (PDF)
• Ivan Rozmainskii: An Application of The Post Keynesian Approach to Analysis of the Post-Soviet Model of Russian Capitalism
  • Presentation (PDF)
• Antti Alaja: Mazzucato’s entrepreneurial state and innovation policy in smaller countries
  • Presentation (PDF)
• Ariane Hillig & Hanna Szymborska: What’s in a name? Investigation into the socio-economic characteristics of the middle class in times of financialisation
  • Presentation (PDF)
• Mogens Ove Madsen & Finn Olesen: Problem based learning – A non-mainstream way to teach economics
  • Presentation (PDF)
• Jan Holm Ingemann & Poul Thøis Madsen: Economic Theory and Problem-based Research and Teaching
  • Presentation (PDF)

The Fourth Nordic Post Keynesian Conference wrap up video

Economics at the Edge!

Keynote address videos 

Plenary session 1: Malcolm Sawyer and Eckhard Hein. Prof. Malcolm Sawyer, Leeds University Business School (Presentation Slides). Financialisation and the economic stagnation of Europe

Prof. Dr. Eckhard Hein, Berlin School of Economics and Law. Stagnation policy in the Euro area and economic policy alternatives: A Steindlian / neo-Kaleckian perspective

Dicussion: Plenary session 1: Malcolm Sawyer and Eckhard Hein

Research plenary: Session 1: Marc Lavoie and Warren Mosler. Prof. Marc Lavoie, University of Paris 13 (CEPN) (first part of the video), Non-capacity generating semi-autonomous expenditures, effective demand, and business cycles. Prof. Warren Mosler; University of Bergamo (from 28:20 in the video), The 7 Deadly Innocent Frauds and the History of thought.
Discussions from 48:20 in the video.

Plenary Session 2: Peter Skott. Prof. Peter Skott, University of Massachusetts Amherst and Aalborg University, Behavioural and structural perspectives on macroeconomics

Discussion: Plenary Session 2: Peter Skott.

Plenary Session 3: Stephen Kinsella And Jesper Jespersen. Dr. Stephen Kinsella, Senior Lecturer in Economics at the Kemmy Business School, University of Limerick, SFC as a unique offering.

Prof. Jesper Jespersen, Roskilde Universitet; and Aalborg University, European stagnation : Private sector 'structural' balance and fiscal policy.

Discussion: Plenary Session 3: Stephen Kinsella and Jesper Jespersen.

Research Plenary: Session 2: Huub Meijers And Joan Muysken, And Antoine Godin, The impact of quantitative easing in the Netherlands: A stock-flow consistent approach using Dutch data.

Ass. Prof. Antoine Godin, Kingston University, Introducing risk into a Tobin asset-allocation model.

Discussion: Research Plenary: Session 2: Huub Meijers and Joan Muysken, and Antoine Godin.

Plenary Session 4: Prof. Sheila Dow, Stirling University.

Abstracts

• Alparslan, Ufuk: Trade-Growth Nexus through Demand-Driven Perspective: Recent Evidence from South Africa
• Augustynski, Iwo: What do we know about factors determining debt structure of companies?
• Barkhatov, V.I. and Belova, I.A.: Efficiency Evaluation of the Implementation of Russia’s Fiscal Policy in the Period of 1990-2013
• Berr, Eric: The Socio-Economic Philosophy of Keynes: Lessons for the 21st Century
• Güntzel, Joachim: Towards a Theoretical Foundation of Animal Spirits: Probability, Uncertainty and Intentionality
• Herscovici, Alain: Nature of capital, long-run expectations and path dependence in the General Theory: some epistemological observations
• Ioannou, Stefanos: The Political Economy of Credit Rating Agencies. The Case of Eurozone Sovereign Ratings
• Josephsen, Lars: Achieving a sustainable global society anno 2100?
• Lang, Dany and Seppecher, Pascal: Economic modelling without the NAIRU: introducinghysteresis in an agent-based framework
• Madsen, Mogens Ove: Shackle in time - time in Shackle
• Magacho, Guilherme and Ribeiro, Rafael: On the dynamic adjustment of supply and demand: a structural approach
• McCombie, John and Negru, Ioana: Conflicting Views over the Causes of the Great Recession and the Appropriate Policy Response: Two Case Studies
• Olesen, Finn: The Making of a Revolution – how important are economic crises?
• Perraton, Jonathan:
• Qanas, Jalal: Financialization, Securitization and Central Banking: in USA and Euro-Area
• Ramos, Raquel A.: Using Minsky to analyze Fragility of Exchange Rates in Emerging Markets
• Ribeiro, Rafael Saulo Marques: Exchange Rate, Income Distribution and Technical Change in a Balance-of-Payments Constrained Growth Model
• Rozmainsky, Ivan V.: Investor Myopia and The Current Global Crisis: A Post Keynesian View
• Voss, Stefan: Problems of Uncertainty

Papers

• Barkhatov, V.I. and Belova, I.A.: Efficiency Evaluation of the Implementation of Russia’s Fiscal Policy in the Period of 1990-2013
• Berr, Eric: The Socio-Economic Philosophy of Keynes: Lessons for the 21st Century
• Cho, Hyejin: Macro Micro Model with a Post-Keynesian Perspective in the banking industry
• Güntzel, Joachim: Towards a Theoretical Foundation of Animal Spirits: Probability, Uncertainty and Intentionality
• Hammersland, Roger and Jacobsen, Dag Henning: The Financial Accelerator: Evidence using a procedure of Simultaneous Structural Model Design
• Herscovici, Alain: Nature of capital, long-run expectations and path dependence in the General Theory: some epistemological observations
• Ioannou, Stefanos: The Political Economy of Credit Rating Agencies. The Case of Eurozone Sovereign Ratings
• Josephsen, Lars: Achieving a sustainable global society anno 2100?
• Magacho, Guilherme R. and Ribeiro, Rafael Saulo M.: On the dynamic adjustment of supply and demand: a structural approach
• Olesen, Finn: The making of a revolution - How important are economic crises?
• Ramos, Raquel A.: The fragility of exchange rates in emerging countries in the 2000s: a Minskyan analysis
• Ribeiro, Rafael Saulo Marques: Exchange Rate, Income Distribution and Technical Change in a Balance-of-Payments Constrained Growth Model
• Rozmainsky, Ivan V: Investor Myopia and The Current Global Crisis: A Post Keynesian View
• Skott, Peter and Ryoo, Soon: Functional finance and intergenerational distribution in a Keynesian OLG model
• Suntum, Ulrich van and Neugebauer, Tom: Böhm-Bawerk meets Keynes – what does determine the interest rate, and can the latter become negative?
• Syll, Lars Pålsson: Micro vs. macro

Power Points

• Augustinsky, Iwo: What do we know about factors determining debt structure of companies?
• Berr, Eric: The Socio-Economic Philosophy of Keynes: Lessons for the 21st Century
• Byrialsen, Mikael Randrup: Household Consumption in Denmark
• CHO, Hye-Jin : Macro Micro Model with a Post-Keynesian Perspective in the Banking Industry
• Falkenfleth, Mads: Pluralism in Economics Education
• Jespersen, Jesper: ‘Structural budget balance’ a well-defined analytical concept or one more arbitrary straightjacket?
• Josephsen, Lars: Achieving a Sustainable Global Society anno 2100?
• Olesen, Finn: The Making of a Revolution - How Important are Economic Crises?
• Quanas, Jalal: Financialization, Securitization and Central Banking in USA & Euro-Area
• Rozmainsky, Ivan V.: Investor Myopia and The Current Global Crisis: A Post Keynesian View
• Skott, Peter: Public Debt and Functional Finance
• Syll, Lars Pålsson: Micro vs. Macro On the use and misuse of theories and models in economics
• Voss, Stefan: Problems of uncertainty