Endogenous Money and the Supermultiplier

Introduction: The Supermultiplier and Endogenous Money

Maria Cristina Barbieri Góes, Óscar Dejuán Asenjo, Riccardo Pariboni and Ricardo Summa

1. Finance, Financial Adjustments and Alternative Closures in Neo-Kaleckian Models: The Paradoxes of Thrift and Costs in the Long-Run

Brett Fiebiger

2. The Monetary Theory of Production and the Supermultiplier: What Determines Savings?

Lorenzo Di Domenico, Giovanna Ciaffi and Davide Romaniello

3. Fiscal Supermultiplier and Endogenous Money in the United States: The COVID-19 Pandemic vs. the Global Financial Crisis

Juan Matias De Lucchi

4. Supermultiplier Models, Demand Stagnation, and Monetary Policy: Inevitable March to the Lower Bound for Interest Rates?

Steven Fazzari

5. The Supermultiplier-Cum-Finance. An Application to the Credit-Led Boom before the 2008 Crash

Óscar Dejuán Asenjo and Daniel Dejuán-Bitriá

6. Pensions as an Engine of Growth. An Approach to the Spanish Case, Based on the Sraffian Supermultiplier

Eladio Febrero and Fernando Bermejo

7. Components of Autonomous Demand Growth and Financial Feedbacks: Implications for Growth Drivers and Growth Regime Analysis

Ryan Woodgate, Eckhard Hein and Ricardo Summa

8. Debt-credit Flows and Stocks in a Supermultiplier Model with Two Autonomous Demand Components: Consequences for Growth

Stefano Di Bucchianico, Ettore Gallo and Antonino Lofaro

9. Limits to Fiscal and Monetary Policy in Small Open Economies

Ariel Dvoskin and Matías Torchinsky Landau

10. Impacts of US Interest Rates on Growth, Income Distribution, and Macroeconomic Policy Space in Developing Countries: A SFC Supermultiplier Model

João Emboava Vaz

Biography

Maria Cristina Barbieri Góes is Assistant Professor at the LINK Campus University, Rome, Italy, and the co-editor of the Review of Political Economy. Her research activity is focused on post-Keynesian economics, growth theory, fiscal and monetary policies, and income distribution. Her scientific contributions were published in various journals.

Óscar Dejuán Asenjo is Full Professor of Economics at the University of Castilla–La Mancha (FCEE of Albacete, Spain). His research has been focused on: growth and crisis, unemployment, Sraffian economics, post-Keynesian economics, input-output analysis, and the Supermultiplier model.

Riccardo Pariboni is Associate Professor at the University of Siena, Italy. After three years as a postdoctoral fellow at the Department of Economics of Roma Tre University, Italy, he was appointed Visiting Professor at the Freie Universität in Berlin, Germany. Then, he joined the Max Planck Institute for the Study of Societies (Cologne) as a postdoctoral fellow. His research interests are growth theory, income distribution, and post-Keynesian economics, but he has also worked on environmental issues and labour market dynamics.

Ricardo Summa is Associate Professor at the Federal University of Rio de Janeiro, Brazil, and co-editor of the Review of Keynesian Economics. His research interests are growth theory, conflict inflation and income distribution, endogenous money in open economies, and macroeconomic policies.