Mark Setterfield

New School for Social Research

Professor of Economics

6 East 16th Street

New York, NY 10003

United States

SCHOLARLY PAPERS

67

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6,326

SSRN CITATIONS
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Top 13,488

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83

CROSSREF CITATIONS

33

Scholarly Papers (67)

1.

Path Dependency, Hysteresis and Macrodynamics

Number of pages: 61 Posted: 24 Nov 2008 Last Revised: 20 Jan 2009
Mark Setterfield
New School for Social Research
Downloads 264 (226,542)
Citation 3

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hysteresis, path dependency, macrodynamics

2.

Economic Growth and Development

Trinity College Department of Economics Working Paper No. 14-04
Number of pages: 28 Posted: 27 Apr 2014
Mark Setterfield
New School for Social Research
Downloads 228 (261,535)

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Economic growth, divergence, demand-led growth, Keynesian growth theory

3.

Neoclassical Growth Theory and Heterodox Growth Theory: Opportunities for and Obstacles to Greater Engagement

Number of pages: 34 Posted: 17 Dec 2009
Mark Setterfield
New School for Social Research
Downloads 225 (264,741)
Citation 4

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Neoclassical growth theory, heterodox growth theory, endogenous growth

4.

Nominal Exchange Rate Shocks and Inflation in an Open Economy: Towards a Structuralist Inflation Targeting Agenda

Number of pages: 55 Posted: 08 Jun 2017
Eduardo Bastian and Mark Setterfield
Universidade Federal do Rio de Janeiro (UFRJ) and New School for Social Research
Downloads 221 (269,262)
Citation 2

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inflation, strato-inflation, nominal exchange rate shocks, conflicting claims, hysteresis, capital controls, industrial policy

5.

Managing the Discontent of the Losers Redux: A Future of Authoritarian Neoliberalism or Social Capitalism?

The New School for Social Research, Working Paper 01/2024
Number of pages: 27 Posted: 01 Feb 2024
Mark Setterfield
New School for Social Research
Downloads 210 (282,541)
Citation 1

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Social structure of accumulation, capital-citizen accord, household debt, inequality, populism

6.
Downloads 202 (292,794)
Citation 5

The Remarkable Durability of Thirlwall’s Law

Trinity College Department of Economics Working Paper No. 11-05
Number of pages: 38 Posted: 03 Jun 2011
Mark Setterfield
New School for Social Research
Downloads 116 (465,800)
Citation 2

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Thirlwall’s Law, Balance-of-Payments-Constrained Growth, Export-Led Growth, Demand-Led Growth, Natural Rate of Growth

The Remarkable Durability of Thirlwall’s Law

PSL Quarterly Review, Forthcoming
Number of pages: 35 Posted: 02 May 2012 Last Revised: 04 May 2012
Mark Setterfield
New School for Social Research
Downloads 86 (574,086)

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Thirlwall’s law, balance-of-payments-constrained growth, export-led growth, demand-led growth, natural rate of growth

7.

Inflation and Distribution during the post-COVID Recovery: A Kaleckian Approach

Number of pages: 34 Posted: 20 Oct 2022
Mark Setterfield
New School for Social Research
Downloads 199 (296,762)

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Inflation, COVID-19, conflicting claims, wage share, income distribution

8.

Heterodox Economics, Social Ontology, and the Use of Mathematics

Number of pages: 11 Posted: 08 Mar 2015
Mark Setterfield
New School for Social Research
Downloads 191 (308,104)
Citation 3

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Mathematical modeling, social ontology, open systems, critical realism, heterodox economics

9.

Endogenous Growth: A Kaldorian Approach

Number of pages: 41 Posted: 02 May 2010
Mark Setterfield
New School for Social Research
Downloads 187 (313,983)
Citation 7

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endogenous growth, Kaldor, path dependence, demand-led growth, technical change, institutions, natural rate of growth

10.

Structural Change in the US Phillips Curve, 1948–2021: The Role of Power and Institutions

Number of pages: 33 Posted: 30 Jan 2022 Last Revised: 09 Jun 2022
Mark Setterfield, Robert A. Blecker and Robert A. Blecker
New School for Social Research and American UniversityAmerican University - Center for Latin American & Latino Studies (CLALS)
Downloads 178 (328,330)
Citation 6

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Phillips Curve, inflation, unemployment, natural rate hypothesis, bargaining power, institutions

11.

A Theory of Aggregate Consumption

Trinity College of Economics Working Paper 13-01
Number of pages: 30 Posted: 03 Feb 2013
Yun Kim, Mark Setterfield and Yuan Mei
Trinity College (Hartford CT), New School for Social Research and Trinity College (Hartford CT) - Department of Economics
Downloads 177 (329,960)
Citation 1

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consumption, household borrowing, household debt, relative income hypothesis

12.

Path Dependency

Number of pages: 14 Posted: 23 Sep 2015
Mark Setterfield
New School for Social Research
Downloads 164 (352,510)

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Path dependency, cumulative causation, lock in, hysteresis, equilibrium, fundamental uncertainty, resilience

13.

An Essay on Horizontalism, Structuralism and Historical Time

Trinity College Department of Economics Working Paper No. 14-02
Number of pages: 14 Posted: 05 Mar 2014
Mark Setterfield
New School for Social Research
Downloads 164 (352,510)
Citation 3

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Endogenous money, horizontalism, structuralism, historical time, supply of credit

14.

Anticipations of the Crisis: On the Similarities between Post Keynesian Economics and Regulation Theory

Number of pages: 32 Posted: 10 Sep 2010
Mark Setterfield
New School for Social Research
Downloads 152 (375,589)
Citation 2

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Post Keynesian Economics, Regulation Theory, Great Recession, financial crisis

15.

Real Wages, Aggregate Demand, and the Macroeconomic Travails of the US Economy: Diagnosis and Prognosis

Trinity College Department of Economics Working Paper No. 10-05
Number of pages: 38 Posted: 29 Aug 2010
Mark Setterfield
New School for Social Research
Downloads 143 (394,494)
Citation 5

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real wage growth, productivity growth, aggregate demand, household debt, Great Recession

Inequality, Debt Servicing, and the Sustainability of Steady State Growth

Number of pages: 29 Posted: 24 Oct 2014 Last Revised: 19 Nov 2014
Mark Setterfield, Yun K. Kim and Jeremy Rees
New School for Social Research, University of Massachusetts Boston and Trinity College (Hartford CT)
Downloads 82 (591,244)
Citation 1

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Consumer debt, emulation, income distribution, Golden Age regime, Neoliberal regime, expenditure cascades, growth

Inequality, Debt Servicing, and the Sustainability of Steady State Growth

Institute for New Economic Thinking Working Paper Series No. 31
Number of pages: 30 Posted: 19 Nov 2015
Mark Setterfield, Yun Kim and Jeremy Rees
New School for Social Research, University of Massachusetts Boston - Department of Economics and Trinity College (Hartford CT)
Downloads 59 (707,102)
Citation 1

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Consumer debt, emulation, income distribution, Golden Age regime, Neoliberal regime, expenditure cascades, growth

17.

Political Aspects of Household Debt

Number of pages: 31 Posted: 23 Aug 2017
Yun K. Kim, Gilberto Tadeu Lima and Mark Setterfield
University of Massachusetts Boston, University of São Paulo (USP) - Department of Economics and New School for Social Research
Downloads 137 (407,978)
Citation 4

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Consumer debt, employment rent, cost of job loss, bargaining power, income distribution, growth, stability

Household Borrowing and the Possibility of 'Consumption-Driven, Profit-Led Growth'

Institute for New Economic Thinking Working Paper Series No. 39
Number of pages: 26 Posted: 22 Feb 2016
Mark Setterfield and Yun K. Kim
New School for Social Research and University of Massachusetts Boston
Downloads 85 (578,343)
Citation 5

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Borrowing, saving, emulation, debt servicing, wage-led growth, profit-led growth

Household Borrowing and the Possibility of 'Consumption-Driven, Profit-Led Growth'

The New School for Social Research, Working Paper 01/2016
Number of pages: 27 Posted: 01 Feb 2016
Mark Setterfield and Yun K. Kim
New School for Social Research and University of Massachusetts Boston
Downloads 43 (813,185)

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Borrowing, saving, emulation, debt servicing, wage-led growth, profit-led growth

19.
Downloads 121 (448,928)
Citation 7

Debt Servicing, Aggregate Consumption, and Growth

Institute for New Economic Thinking Working Paper Series No. 30
Number of pages: 34 Posted: 19 Nov 2015
Mark Setterfield and Yun Kim
New School for Social Research and University of Massachusetts Boston - Department of Economics
Downloads 69 (652,720)
Citation 1

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Consumer debt, emulation, income distribution, Golden Age regime, Neoliberal regime, expenditure cascades, growth

Debt Servicing, Aggregate Consumption, and Growth

Number of pages: 34 Posted: 08 Dec 2013
Mark Setterfield and Yun Kim
New School for Social Research and Trinity College (Hartford CT)
Downloads 52 (750,034)
Citation 8

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Consumer debt, emulation, income distribution, Golden Age regime, Neoliberal regime, expenditure cascades, growth

20.

A Keynes-Kalecki Model of Cyclical Growth with Agent-Based Features

MICROECONOMICS, MACROECONOMICS AND ECONOMIC POLICY: ESSAYS IN HONOUR OF MALCOLM SAWYER, P. Arestis, ed., Palgrave, 2010
Number of pages: 36 Posted: 16 Sep 2010
Mark Setterfield and Andrew Budd
New School for Social Research and affiliation not provided to SSRN
Downloads 119 (454,462)
Citation 2

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Kaleckian Model, Growth, Cycles, Agent-Based Computational Economics

21.

Post-Keynesian Macrodynamics and Path-Dependent Growth

Trinity College Department of Economics Working Paper 10-09
Number of pages: 29 Posted: 08 Oct 2010
Mark Setterfield
New School for Social Research
Downloads 118 (457,379)

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Post-Keynesian growth theory, neoclassical growth theory, endogenous growth, path dependence

22.

Historical Time and the Current State of Post-Keynesian Growth Theory

The New School for Social Research Working Paper 04/2022
Number of pages: 29 Posted: 02 May 2022
Ettore Gallo and Mark Setterfield
University of Parma - Dipartimento di Scienze Economiche e Aziendali and New School for Social Research
Downloads 116 (463,397)
Citation 4

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Historical time, economic growth, provisional equilibrium, traverse, shifting equilibrium

23.

A Simple Analytical Model of the Adverse Real Effects of Inflation

Number of pages: 36 Posted: 31 Aug 2015
Eduardo Bastian and Mark Setterfield
Universidade Federal do Rio de Janeiro (UFRJ) and New School for Social Research
Downloads 110 (481,990)
Citation 2

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Inflation, strato-inflation, hyper-inflation, indexation, conflicting claims, uncertainty, growth.

24.

Aggregate Consumption and Debt Accumulation: An Empirical Examination of US Household Behavior

Trinity College Department of Economics Working Paper No. 12-04
Number of pages: 54 Posted: 27 Jun 2012
Yun Kim, Mark Setterfield and Yuan Mei
Trinity College (Hartford CT), New School for Social Research and Trinity College (Hartford CT) - Department of Economics
Downloads 110 (481,990)
Citation 2

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Consumption, household borrowing, household debt, life cycle hypothesis, relative income hypothesis

25.

Aggregate Structural Macroeconomic Modelling: A Reconsideration and Defence

Number of pages: 38 Posted: 19 Aug 2012
Mark Setterfield and Shyam Gouri Suresh
New School for Social Research and Davidson College
Downloads 105 (498,505)

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Macroeconomics, microfoundations, macrofoundations, aggregate structural models

26.

Exploring the Supply Side of Kaldorian Growth Models

Trinity College Department of Economics Working Paper No. 12-06
Number of pages: 28 Posted: 22 Jul 2012
Mark Setterfield
New School for Social Research
Downloads 103 (505,312)
Citation 1

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demand-led growth, potential rate of growth, natural rate of growth, Kaldorian growth models

27.

Post-Keynesian Growth Theory and The Supply Side: A Feminist-Structuralist Approach

Number of pages: 28 Posted: 26 Jan 2023
Mark Setterfield
New School for Social Research
Downloads 102 (508,855)

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Demand-led growth, potential rate of growth, technical change, human capital, human capacities, care-giving

28.

Expectations and Stability in the Kaleckian Growth Model

The New School for Social Research, Working Paper 2/2016
Number of pages: 24 Posted: 11 Apr 2016
Gilberto Tadeu Lima and Mark Setterfield
University of São Paulo (USP) - Department of Economics and New School for Social Research
Downloads 93 (540,770)

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Keynesian stability condition, expectations, Kaleckian growth model

29.

The Cost Channel of Monetary Policy in a Post Keynesian Macrodynamic Model of Inflation and Output Targeting

Trinity College Department of Economics Working Paper No. 11-02
Number of pages: 37 Posted: 10 May 2011
Mark Setterfield and Gilberto Tadeu Lima
New School for Social Research and University of São Paulo (USP) - Department of Economics
Downloads 90 (551,947)
Citation 2

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cost channel of monetary policy, incomes policy, inflation targeting, macroeconomic stability

30.

Real and Financial Crises

Trinity College Department of Economics Working Paper No. 13-09
Number of pages: 36 Posted: 23 Jul 2013
Bill Gibson and Mark Setterfield
University of Vermont - Department of Economics and New School for Social Research
Downloads 88 (559,570)

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stock market, crash, bubbles, herding, adaptation, agent-based models

31.

Rising Income Inequality, Increased Household Indebtedness, and Post-Keynesian Macrodynamics

Number of pages: 11 Posted: 05 Nov 2014 Last Revised: 19 Nov 2014
Mark Setterfield
New School for Social Research
Downloads 87 (563,479)

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Consumer debt, emulation, income distribution, Golden Age growth regime, Neoliberal growth regime

32.

Contemporary Macroeconomic Outcomes: A Tragedy in Three Acts

This paper is excerpted from Capitalism, Inclusive Growth, and Social Protection: Inherent Contradiction or Achievable Vision? (Edward Elgar, Forthcoming).
Number of pages: 49 Posted: 09 Mar 2021
Bielefeld University - Department of Business Administration and Economics, Fakultät für Bildungswissenschaften, affiliation not provided to SSRN, Otto-Friedrich-Universität Bamberg and New School for Social Research
Downloads 77 (605,295)

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Neoliberalism, incomes policy based on fear, household debt, Goodwin pattern

33.

Neoliberalism: An Entrenched but Exhausted Growth Regime

The New School for Social Research, Department of Economics, Working Paper 20/2021
Number of pages: 21 Posted: 01 Feb 2022
Mark Setterfield
New School for Social Research
Downloads 75 (614,201)
Citation 3

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Neoliberalism, incomes policy based on fear, depressed upswing, COVID-19

34.

How the Great Moderation Became a (Contained) Depression and What to Do about It

Trinity College Department of Economics Working Paper 13-03
Number of pages: 13 Posted: 20 Feb 2013
Barry Z. Cynamon, Steven M. Fazzari and Mark Setterfield
Washington University in St. Louis, Washington University in St. Louis and New School for Social Research
Downloads 75 (614,201)
Citation 2

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Great Recession, Great Moderation, economic recovery, Keynesian macroeconomics

35.

Political Aspects of ‘Buffer Stock’ Employment: A Reconsideration

UNSW Business School Research Paper Forthcoming
Number of pages: 27 Posted: 13 Oct 2020
Peter Kriesler, joseph Halevi and Mark Setterfield
UNSW Australia Business School, School of Economics, Mcquarie University and New School for Social Research
Downloads 73 (623,238)
Citation 1

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employer of last resort, job guarantee, buffer stock employment, political aspects of full employment

36.

Time Variation in the Size of the Multiplier: A Kalecki-Harrod Approach

Number of pages: 17 Posted: 23 Sep 2015
Mark Setterfield
New School for Social Research
Downloads 73 (623,238)
Citation 4

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Multiplier, investment, crowding in, Kalecki, Harrod

37.

The Network Origins of Aggregate Fluctuations: A Demand-side Approach

Number of pages: 35 Posted: 11 Oct 2021
Emanuele Citera, Shyam Gouri Suresh and Mark Setterfield
Bard College, Davidson College and New School for Social Research
Downloads 71 (632,440)
Citation 2

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Aggregate fluctuations, cyclical growth, animal spirits, state of long run expectations, agent-based model, random network, preferential attachment, small world

38.

Long-Run Variation in Capacity Utilization in the Presence of a Fixed Normal Rate

The New School for Social Research Working Paper 04/2017
Number of pages: 34 Posted: 08 Mar 2017
Mark Setterfield
New School for Social Research
Downloads 65 (661,835)
Citation 7

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Normal rate of capacity utilization, Harrodian instability, Kaleckian growth theory

39.

Is Capacity Utilization Variable in the Long Run? An Agent-Based Sectoral Approach to Modeling Hysteresis in the Normal Rate of Capacity Utilization

Number of pages: 58 Posted: 01 Jul 2020
Federico Bassi, Tom Bauermann, Dany Lang and Mark Setterfield
affiliation not provided to SSRN, affiliation not provided to SSRN, University of Angers - Centre d'économie de l'Université de Paris Nord (CEPN) and New School for Social Research
Downloads 63 (672,141)
Citation 3

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Normal rate of capacity utilization, Harrodian instability, genuine hysteresis, Kaleckian growth theory

40.

Integrating the Social Reproduction of Labour into Macroeconomic Theory

Number of pages: 24 Posted: 08 Apr 2024
Mark Setterfield
New School for Social Research
Downloads 62 (682,555)
Citation 1

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Social reproduction of labour, unpaid care-giving, macroeconomic theory, potential output, natural rate of growth, technical change

41.

The Great Deception: The ‘Science’ of Monetary Policy and the Great Moderation Revisited

The New School for Social Research, Department of Economics, Working Paper 29/2017
Number of pages: 24 Posted: 01 Nov 2017
Gilberto Tadeu Lima, Mark Setterfield and Jaylson Silveira
University of São Paulo (USP) - Department of Economics, New School for Social Research and Federal University of Santa Catarina (UFSC)
Downloads 62 (677,401)

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Great Moderation, monetary policy, inflation targeting, macroeconomic stability, heterogeneous inflation expectations, satisficing evolutionary dynamics

42.

Real Sector Imbalances and the Great Recession

Trinity College Economics Working Paper No. 12-01
Number of pages: 22 Posted: 02 Feb 2012
Mark Setterfield
New School for Social Research
Downloads 62 (677,401)
Citation 2

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Real wage growth, productivity growth, aggregate demand, household debt, Great Recession

43.

Modern (American) Capitalism: A Three Act Tragedy

The New School for Social Research Department of Economics Working Paper No. 22/2017
Number of pages: 24 Posted: 22 Jun 2017
Mark Setterfield
New School for Social Research
Downloads 60 (687,900)

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Neoliberalism, Supply-Side Economics, Zapping Labor, Incomes Policy Based on Fear, Household Debt, Financial Fragility

44.

Intermediation, Money Creation, and Keynesian Macrodynamics in Multi-Agent Systems

Number of pages: 15 Posted: 18 May 2015
Bill Gibson and Mark Setterfield
University of Vermont - Department of Economics and New School for Social Research
Downloads 60 (687,900)
Citation 3

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Multi-agent system, intermediation, endogenous money, Keynesian macroeconomics

45.

Will Hysteresis Effects Afflict the US Economy During the Post-COVID Recovery?

Number of pages: 33 Posted: 27 Jun 2023
Mark Setterfield
New School for Social Research
Downloads 59 (693,252)

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Hysteresis, persistence, COVID-19, actual output, potential output

46.

Inflation Targeting and Macroeconomic Stability with Heterogeneous Inflation Expectations

DEPARTMENT OF ECONOMICS, FEA-USP WORKING PAPER Nº 2013-11
Number of pages: 28 Posted: 13 Oct 2013
Gilberto Tadeu Lima, Mark Setterfield and Jaylson Silveira
University of São Paulo (USP) - Department of Economics, New School for Social Research and Federal University of Santa Catarina (UFSC)
Downloads 59 (693,252)
Citation 5

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Inflation target, macroeconomic stability, heterogeneous expected inflation, satisficing evolutionary dynamics

47.

The Kalecki-Robinson Tradition in Post-Keynesian Growth Theory

The New School for Social Research Department of Economics Working Paper 02/2024
Number of pages: 31 Posted: 28 Jan 2024
Mark Setterfield
New School for Social Research
Downloads 58 (698,666)

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Growth, distribution, technical change, Kalecki, Robinson

48.

Using Interest Rates as the Instrument of Monetary Policy: Beware Real Effects, Positive Feedbacks, and Discontinuities

Number of pages: 8 Posted: 20 Dec 2013
Mark Setterfield
New School for Social Research
Downloads 55 (715,710)

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Interest rates, monetary policy, central banking, New Consensus, Post Keynesian Economics

49.

Hysteresis in the Normal Rate of Capacity Utilization: A Behavioural Explanation

The New School for Social Research, Department of Economics, Working Paper 07/2019
Number of pages: 34 Posted: 19 Jun 2019
Mark Setterfield and Joana David Avritzer
New School for Social Research and New School for Social Research
Downloads 54 (721,646)
Citation 4

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Normal rate of capacity utilization, Harrodian instability, hysteresis, Kaleckian growth theory

50.

Multi-Agent Systems as a Tool for Analyzing Path-Dependent Macrodynamics

Number of pages: 41 Posted: 07 Nov 2014 Last Revised: 19 Nov 2014
Mark Setterfield and Shyam Gouri Suresh
New School for Social Research and Davidson College
Downloads 54 (721,646)

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Multi-agent systems, agent based models, path dependence, macrodynamics

51.

Whatever Happened to the ‘Goodwin Pattern’?

Number of pages: 34 Posted: 18 Feb 2021
Mark Setterfield
New School for Social Research
Downloads 51 (739,918)
Citation 1

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Goodwin pattern, distributional conflict, worker insecurity, incomes policy based on fear

52.

Is the Balance of Payments Constrained Growth Rate Time-Varying? Exchange Rate Over Valuation, Policy-Induced Recessions, Deindustrialization, and Long Run Growth

The New School for Social Research, Working Paper 26/2017
Number of pages: 24 Posted: 28 Aug 2017
Mark Setterfield and Selen Ozcelik
New School for Social Research and The New School - Department of Economics
Downloads 49 (752,464)

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Exchange rate, policy-induced recession, deindustrialization, balance-ofpayments- constrained growth, path dependence

53.

Managing the Discontent of the Losers

The New School for Social Research Working Paper 16/2018
Number of pages: 27 Posted: 14 Nov 2018
Mark Setterfield
New School for Social Research
Downloads 45 (778,858)

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social structure of accumulation, capital-citizen accord, household debt, consumption inequality, populism

54.

Animal Spirits and the Goodwin Pattern

Number of pages: 36 Posted: 08 May 2024
Mark Setterfield and George Wheaton
New School for Social Research and New School for Social Research
Downloads 44 (785,820)

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Goodwin pattern, animal spirits, wage-led demand, reserve army mechanism, profit squeeze, agent-based model, cyclical growth

55.

Won't Get Fooled Again – Or Will We? Monetary Policy, Model Uncertainty, and ‘Policy Model Complacency’

Number of pages: 18 Posted: 19 Jul 2015
Mark Setterfield
New School for Social Research
Downloads 44 (785,820)
Citation 1

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Monetary policy, central banking, model uncertainty, Lucas critique, Tinbergen principle

56.

Editorial to the Special Issue: The Monetary Economics of Basil J. Moore

Number of pages: 12 Posted: 17 Apr 2020
Mark Setterfield
New School for Social Research
Downloads 40 (814,730)

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Basil J. Moore, monetary economics, horizontalism

57.

Achieving Two Policy Targets With One Policy Instrument: Heterogeneous Expectations, Countercyclical Fiscal Policy, and Macroeconomic Stabilization at the Effective Lower Bound

The New School for Social Research Department of Economics Working Paper 01/2023
Number of pages: 29 Posted: 03 Jan 2023
Gilberto Tadeu Lima, Mark Setterfield and Jaylson Silveira
University of São Paulo (USP) - Department of Economics, New School for Social Research and Federal University of Santa Catarina (UFSC)
Downloads 39 (822,338)

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Stabilization policy, effective lower bound, fiscal policy, heterogeneous inflation and output expectations, satisficing evolutionary dynamics

58.

How Financially Fragile can Households Become? Household Borrowing, the Welfare State, and Macroeconomic Resilience

Number of pages: 39 Posted: 21 Nov 2022
Mark Setterfield and Yun K. Kim
New School for Social Research and University of Massachusetts Boston
Downloads 33 (870,965)

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Financial fragility, financial instability hypothesis, household borrowing, household debt, welfare state, macroeconomic resilience

59.

Did CNBC Contribute to the Great Moderation or the Great Recession?

Trinity College Department of Economics Working Paper No. 13-07
Number of pages: 33 Posted: 29 Mar 2013
Shyam Gouri Suresh and Mark Setterfield
Davidson College and New School for Social Research
Downloads 29 (905,948)

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Aggregate fluctuations, animal spirits, cyclical growth, multi-agent system, sentiment

60.

Tolerable Ranges of Variation in the Rate of Capacity Utilization and Corridor Instability: A Reply to Florian Botte

Number of pages: 11 Posted: 12 Jun 2019
Mark Setterfield
New School for Social Research
Downloads 27 (924,619)

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normal rate of capacity utilization, Harrodian instability, corridor instability

61.

Harrodians and Kaleckians: A Suggested Reconciliation and Synthesis

Number of pages: 22 Posted: 04 Jun 2021
Mark Setterfield
New School for Social Research
Downloads 26 (933,990)

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Keynesian stability condition, Harrodian instability, corridor instability, shifting equilibrium, Kaleckian pseudo-instability, normal rate of capacity utilization

62.

Capitalism Evolving: An Introduction to Social Structure of Accumulation Theory

Number of pages: 11 Posted: 20 May 2024
Mark Setterfield
New School for Social Research
Downloads 9 (1,118,611)

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B51, B52, E11, E12, O43, P1

63.

Varieties of Capitalism, Increasing Income Inequality, and the Sustainability of Long-Run Growth

Posted: 08 Aug 2018
Mark Setterfield and Yun Kim
New School for Social Research and University of Massachusetts Boston - Department of Economics

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varieties of capitalism, neoliberalism, inequality, growth, financial fragility, financial sustainability

64.

Macrodynamics for a Better Society: The Economics of John Cornwall

Posted: 29 Sep 2009
Mark Setterfield and A. P. Thirlwall
New School for Social Research and University of Kent - Canterbury Campus

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John Cornwall, macrodynamics, institutions, growth, inflation

65.

Stabilization Policy with an Endogenous Commercial Bank

Posted: 09 Jul 2009
Kurt von Seekamm and Mark Setterfield
affiliation not provided to SSRN and New School for Social Research

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stabilization policy, central bank, commercial bank

66.

Macroeconomics Without the Lm Curve: An Alternative View

Cambridge Journal of Economics, Vol. 33, Issue 2, pp. 273-293, 2009
Posted: 12 Mar 2009
Mark Setterfield
New School for Social Research

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New consensus, Post-Keynesian economics, Monetary policy, Fiscal policy, Incomes policy, Inflation targeting, Stagnationism

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