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Working paper no. 41: Factors generating and transmitting the crisis: Functional distribution of income
Working Paper
Michell, J. (2014). Working paper no. 41: Factors generating and transmitting the crisis: Functional distribution of income. Leeds

The distribution of income between capital and labour has, until very recently, been ignored by the majority of the economics profession. At the same time, the rate of wage growth has systematically lagged the growth of productivity, leading to a fal... Read More about Working paper no. 41: Factors generating and transmitting the crisis: Functional distribution of income.

Working paper no.39: Finance and crisis: Marxian, institutionalist and circuitist approaches
Working Paper
circuitist approaches. Leeds

Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There is however a long tradition of economic analysis which emphasises how growth in a capitalist economy leads to an accumulation of te... Read More about Working paper no.39: Finance and crisis: Marxian, institutionalist and circuitist approaches.

Operationalising ‘safe statistics’: The case of linear regression
Working Paper
Ritchie, F. (2014). Operationalising ‘safe statistics’: The case of linear regression. Bristol

The recent growth in research access to confidential government microdata has prompted the development of more general 'output-based statistical disclosure control' (OSDC) methods which go beyond tabular protection. Central to OSDC is the concept of... Read More about Operationalising ‘safe statistics’: The case of linear regression.

Addressing the human factor in data access: Incentive compatibility, legitimacy and cost-effectiveness in public data resources
Working Paper
Ritchie, F., & Welpton, R. (2014). Addressing the human factor in data access: Incentive compatibility, legitimacy and cost-effectiveness in public data resources. Bristol

Traditional models of incentivising people suggest that positive incentives are more effective than negative ones. We argue that in data access the opposite can be true, as the assumptions made at the design stage can fundamentally change the user en... Read More about Addressing the human factor in data access: Incentive compatibility, legitimacy and cost-effectiveness in public data resources.

Resistance to change in government: Risk, inertia and incentives
Working Paper
Ritchie, F. (2014). Resistance to change in government: Risk, inertia and incentives. Bristol

There is a popular impression that governments are resistant to change and innovation, and that this is due to a combination of overly bureaucratic processes and a culture of risk aversion. It is debatable that this is well-founded, theoretically or... Read More about Resistance to change in government: Risk, inertia and incentives.

A Steindlian account of the distribution of corporate profits and leverage: A stock-flow consistent macroeconomic model with agent-based microfoundations
Working Paper
Michell, J. (2014). A Steindlian account of the distribution of corporate profits and leverage: A stock-flow consistent macroeconomic model with agent-based microfoundations

Post Keynesian economics has largely forgotten Steindl's insight that monopolisation of the corporate sector redistributes profits to those firms least likely to invest them productively. Agent-based methods can be used to incorporate Steindl's insig... Read More about A Steindlian account of the distribution of corporate profits and leverage: A stock-flow consistent macroeconomic model with agent-based microfoundations.

Debt cycles, instability and fiscal rules: A Godley-Minsky model
Working Paper
Dafermos, Y. (2015). Debt cycles, instability and fiscal rules: A Godley-Minsky model. Bristol

Wynne Godley and Hyman Minsky were two macroeconomists who ‘saw the crisis coming’. This paper develops a simple macrodynamic model that synthesises some key perspectives of their analytical frameworks. The model incorporates Godley’s financial balan... Read More about Debt cycles, instability and fiscal rules: A Godley-Minsky model.

Robert Lucas and the twist of modeling methodology. On some econometric methods and problems in New Classical macroeconomics
Working Paper
Sergi, F. (2015). Robert Lucas and the twist of modeling methodology. On some econometric methods and problems in New Classical macroeconomics. Paris

The purpose of this contribution to the epistemology and history of recent macroeconomics is to construct a clear understanding of econometric methods and problems in New Classical macroeconomics. Most historical literature has focused (so far) on... Read More about Robert Lucas and the twist of modeling methodology. On some econometric methods and problems in New Classical macroeconomics.

Analysing Finance and Production in the Contemporary Capitalist Era
Working Paper
Chester, L., & Newman, S. (2014). Analysing Finance and Production in the Contemporary Capitalist Era

here has been a dramatic restructuring of the global economy as the dictates of neoliberalism have reconfigured the contemporary capitalist system of accumulation which has involved a seismic shift from industrial to finance capital. There have been... Read More about Analysing Finance and Production in the Contemporary Capitalist Era.

A new growth path for South African industrialisation: An input-output analysis
Report
Newman, S., Baloyi, B., & Ncube, P. A new growth path for South African industrialisation: An input-output analysis

This paper looks at the way in which the structure of the economy has been built through the economic policies of the Apartheid government and reinforced in the first sixteen years of democracy. It is argued that previous growth paths have resulted i... Read More about A new growth path for South African industrialisation: An input-output analysis.

A manual on macroeconomic fundamentals for conflict-affected states
Book
Brauer, J., & Dunne, J. P. A manual on macroeconomic fundamentals for conflict-affected states. Washington: United States Institute for Peace

Increasingly, peace agreements and economic development programs reference the centrality of sound economic policy and a stable macroeconomic framework in state-building efforts. But few practitioners have the background to know what this means and t... Read More about A manual on macroeconomic fundamentals for conflict-affected states.

The New Price Makers: An investigation into the impact of financial investment on coffee price behaviour
Working Paper
Newman, S. (2009). The New Price Makers: An investigation into the impact of financial investment on coffee price behaviour

The collapse of the international commodity agreements in the 1980s, together with the liberalisation of marketing systems in commodity exporting developing countries under structural adjustment programs have removed the role of the state in the pric... Read More about The New Price Makers: An investigation into the impact of financial investment on coffee price behaviour.

Determining military expenditures: Arms races and spill-over effects in cross-section and panel data
Report
Dunne, J. P., Perlo-Freeman, S., & Smith, R. P. Determining military expenditures: Arms races and spill-over effects in cross-section and panel data

This paper considers the determinants of military spending, building on an emerging literature that estimates military expenditure demand functions in cross-section and panel data, incorporating ‘arms-race’ type effects. It updates Dunne and Perlo-Fr... Read More about Determining military expenditures: Arms races and spill-over effects in cross-section and panel data.

The role of international commodity exchanges in the formation and transmission of prices and price risk along international coffee chains
Working Paper
transmission of prices and price risk along international coffee chains

The 1990s has seen a shift in policy from multilateral price stabilisation schemes towards market liberalisation and private risk management strategies in the context of income stabilisation for agro-commodity exporting low-income countries. This pap... Read More about The role of international commodity exchanges in the formation and transmission of prices and price risk along international coffee chains.