Thesis (Ph. D.)--Dept. of Economics. University of Missouri--Kansas City, 2007. / "A dissertation in economics and social science consortium." Advisor: Frederic S. Lee. Typescript. Vita. Title from "catalog record" of the print edition Description based on contents viewed July 30, 2008. Includes bibliographical references (leaves 196-220). Online version of the print edition.

Thesis (Ph. D.)--State University of New York at Binghamton, Department of Economics, 2009. / Includes bibliographical references (leaves 94-95).

Thesis (M.Com (Economics and Economic history))--Rhodes University, 2006. / A thesis submitted in partial fulfilment of the requirements for the degree of Master of Commerce (Financial markets).

Orientador: Antonio Carlos Macedo e Silva / Tese (doutorado) - Universidade Estadual de Campinas, Instituto de Economia / Made available in DSpace on 2018-08-16T14:44:02Z (GMT). No. of bitstreams: 1 Amitrano_ClaudioRoberto_D.pdf: 2319609 bytes, checksum: db18f6b0d07ae935c08c70c8141ac37f (MD5) Previous issue date: 2010 / Resumo: Nos últimos anos tem crescido o debate em torno do papel das instituições na performance econômica. Dentre as diversas vertentes que analisam este possível papel encontra-se a chamada abordagem de Variedades de Capitalismo (VoC), desenvolvida, sobretudo, a partir dos trabalhos de Peter Hall e David Soskice. Segundo os proponentes desta abordagem a questão relevante reside no fato de que não apenas as instituições influenciam o desempenho econômico, mas que o fazem por meio de uma forte complementaridade. A existência desta complementaridade tem como conseqüência uma forte inércia, de modo que as economias não apresentariam tendência de convergência ao longo do tempo, seja do ponto de vista de suas instituições, seja em termos de taxas de crescimento. O objetivo desta tese consiste em investigar a consistência teóricometodológica da noção de complementaridade institucional e sua relação com a mudança institucional e a performance econômica. A despeito da concordância com a tese da VoC, de que a divergência entre países se configura mais como regra do que como exceção, a hipótese principal deste trabalho é que existe uma incongruência na abordagem de Variedades de Capitalismo entre os conceitos de instituição, complementaridade e o modelo teórico que norteia a análise da performance econômica. Neste sentido, pretende-se ao longo do trabalho demonstrar que uma definição distinta de instituição, associada não só a padrões comportamentais, mas também à noção de modelos mentais de interpretação, é capaz de conferir maior robustez ao conceito de complementaridade. Esta noção requer que se leve em conta três elementos na definição de instituição: incerteza fundamental, racionalidade limitada e reciprocidade. Além disso, procurar-se-á demonstrar na tese que a relação entre complementaridade e performance econômica, quando mediada por um conceito de instituição adequado, se articula e confere sentido às noções de regime de demanda e de produtividade dos modelos pós-keynesianos de crescimento / Abstract: The debate surrounding the role of institutions in economic performance has grown in recent years. Among the various strands that analyze this possible role is the one called Varieties of Capitalism (VoC) approach, developed by Peter Hall and David Soskice. According to proponents of this approach the relevant question lies in the fact that not only institutions influence the economic performance, but they do so through a strong institutional complementarity. The existence of this complementarity implies a strong inertia, so that economies would not converge over time, neither from the point of view of its institutions, nor in terms of growth rates. The goal of this thesis is to investigate the theoretical-methodological consistency of the concept of institutional complementarity and its relationship with the institutional change and economic performance. Despite the agreement with the central thesis of VoC, that divergence between countries is much more a rule than an exception, the main hypothesis of this thesis is that there is an inconsistency in the Varieties of Capitalism approach between the concepts of institution, complementarity and the theoretical model that guided the analysis of economic performance. In this sense, we intend to demonstrate that a distinct definition of institution associated with, not only behavioral patterns, but also to the very notion of mental models of interpretation, is able to confer greater robustness to the concept of complementarity. This concept requires consideration about three elements in the definition of institution: fundamental uncertainty, bounded rationality and reciprocity. In addition, will be shown that the relationship between complementarity and economic performance, when mediated by an appropriate concept of institution relates and gives meaning to the concepts of demand and productivity regimes of post Keynesian models of growth / Doutorado / Teoria Economica / Doutor em Ciências Econômicas

Michal Kalecki was not a mere precursor of Keynes, but a contemporary whose analysis provides insights into the nature of capitalism. His contribution to the understanding of the capitalist economy is central to this four chapter thesis. Chapter one develops a biographical sketch of Kalecki. Chapter two examines the components of his General Theory. Chapter three considers the differences between Kalecki and Keynes. Kalecki's contributions to the Keynesian revolution are presented along with the hopelessness he foresaw in incorporating any basic reforms into a capitalist economy. The final chapter looks to the present fruit of Kalecki's dynamic analysis--Post-Keynesian economics. The Post-Keynesian synthesis reflects the Kaleckian framework and the Keynesian optimism out of which policy may arise to affect the structural problems plaguing capitalism today.

Introduction: In recent years there has been a marked upsurge in the output of literature dealing with the demand for money, but with the exception of the North American Continent, empirical research has lagged distressingly far behind the voluminous output of theory. This dearth of empirical results has had a restrictive influence. Since any of the controversial points which are being disputed by theoreticians can only be resolved by recourse to empirical methods. The restriction of empirical research to the North American Continent has further meant that the various points under dispute have had only a limited qualification and consequently monetary theorists have had no indication as to the universalizability of their conclusions. There is thus a great need for empirical studies in other countries so that the validity of the rival theories can be tested under different conditions. It was with these thoughts in mind that the present study was undertaken. Its objectives are strictly national and no pretense of strict international comparability is made. Further, great care has been taken to avoid the pitfall so beloved of econometricians, the fallacy of reduction wherein strictly limited results are uncritically universalized. Thus no attempt has been made to draw conclusions which will have universal validity. The theoretically vital points which are going to be examined in the light of South African experience are: 1. The feasibility of distinguishing idle from active balances, and if this proves possible, the determination of the wealth and interest elasticities of these balances; 2. Dropping the explicit distinction between idle and active balances to (a) determine the role of interest rates, (b) determine the appropriate constraint on the demand function, (c) determine what effect different definitions of money have on (a) and (b); 3. To examine the stability of the demand function over time. Truth is, of course, many-sided and any uniform presentation can only aspire to present a one-sided picture, just like a photograph cannot hope to do justice to the full grandeur of nature, merely presenting a one-dimensional representation of a many dimensioned object. In spite of this restriction which is inherent in all econometrical studies, this one-sided picture seems to be justified in view of the lack of any unified and coherent treatment of the demand for money in South Africa.

The problem under investigation in this study is the determination of the usefulness of the concept of saving set forth by John M. Keynes in his The General Theory of Employment, Interest and Money, both as a method of prediction and prevention of business cycles and as a conceptual framework which is for use in explaining past economic activity, particularly economic growth. The study has a twofold purpose. The first is to evaluate the workability of the Keynesian definitions when applied to existing sources of economic data; to see if a meaningful savings aggregate is a statistical possibility. The second is to attempt to explain in terms of related parts of the rest of Keynes' theoretical system the conclusions reached under the first purpose above.

This dissertation is divided into three distinct chapters looking at the theoretical and empirical relationship between monetary policy, inflation, and income distribution in industrialized countries. The first chapter investigates the effect of monetary policy on the income share of workers at the industry level in Canada and the United States. The second chapter studies the relationship between firms' markups and inflation during the 2021-22 inflation surge in select industrialized countries. The third chapter assesses the Taylor-rule framework of monetary policy with regards to an estimated central bank reaction function for several industrialized countries, analyzing its potential effects on the rentier income share over time. This dissertation makes several contributions to the economic literature, particularly in the field of post-Keynesian empirical macroeconomics.

The NAIRU theory has become the mainstream theory in explaining unemployment in Europe and is often used to justify demands for a cutback of the welfare state, reducing unemployment benefits, reducing minimum wages, decentralizing collective bargaining etc. Close inspection reveals that it nonetheless shares some arguments with Post Keynesian and even Marxist theory. The paper proposes an underdetermined, encompassing NAIRU model, which is consistent with several theoretical tradtions. Depending on the closure with respect to demand formation and determination of the NAIRU itself, the model allows for New Keynesian, Post Keynesian and Marxist results. (author's abstract) / Series: Department of Economics Working Paper Series

In this paper I explore the causal relationship between the strategic economic interdependence advanced by Western democracies after WWII and the "puzzle of participation" in US presidential elections. More specifically, I seek to illustrate first how economic convergence within the West and then the transition from Keynesian to monetarist policy rhetoric reflexively diminish the degree to which US working class voters can realistically petition their elected officials regarding the most salient matters of economic self-interest. My results indicate that from 1948-2004, the working public became more isolated from their most salient economic decisions, voted less often due to heretofore unexplored macroeconomic indicators.