Michalis Nikiforos
@mnikiforos
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Associate Professor of Political Economy, @DEHES_UNIGE, @UNIGEnews; Research Scholar, @LevyEcon.
Joined January 2010
RT @DEHES_UNIGE: For the upcoming conference on "Ecological Planning in the Anthropocene" at the University of Geneva next September (25-26….
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RT @INETeconomics: Inequality, recession, and inflation? The likelihood of this happening under Trump 2.0 is high, argue @SimonGrothe and….
ineteconomics.org
The most likely outcome of the second Trump administration is a recession and an exacerbation of inequalities, and a further degradation of the living standards of working and middle-class Americans.
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We know because of what we know and of what we don't know!.
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This is the effect of "independent" central banks! Once more the ECB becomes the enforcer of austerity.
Long-term borrowing costs (10-year government bond yields) for France and Greece are now the same.
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This is very interesting. Any explanations why it happened? Was it policy or something else? Also, it defies the conventional wisdom for wage inequality decrease postpandemic. Why is that?.
…the poorest half saw a solid increase in their incomes between 2016 and 2020, faster than that of average Americans. And then, over 2020-2023, real pretax income growth at the bottom was back to nearly zero, slightly below the sluggish average. Data:
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RT @YannisDafermos: Read our INET working paper on the limitations of environmental DSGE models and their implications for the macroeconomi….
ineteconomics.org
Why the E-DSGE Framework Is Not Fit for Purpose and What to Do About It
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RT @JorgeUxo: However, we can speak of profit inflation in a "soft" sense, as proposed by @mnikiforos et al (2024): inflation arises when f….
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Great job opportunity at @UMassEcon!.
🚨UMass Economics is hiring!🚨. This is *open field* including underrepresented areas like history of economic thought, economic history, political economy, comparative systems. PhD in economics or related field required. We welcome heterodox economists!.
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Most European countries and the US have price controls. Switzerland (definitely not a communist country) has the highest % of consumer goods subject to price regulation. This has arguably helped to keep inflation relatively low in recent years. 4/4.
swissinfo.ch
Switzerland may be a “high-price island” when it comes to the cost of food, but despite food prices rising globally, it has proved largely immune.
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This is not to say that price controls are a panacea. However, their use on a case-by-case basis can be useful both for containing inflation and for improving income distribution. 3/4.
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. Rigidities cut different ways. The fact that most mainstream academic economists use these models but reject the use of price controls out of hand (and focus only on some of the models' policy implications) betrays an ideological bias more than serious analysis. 2/4.
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Even in very mainstream economics (micro and macro), the moment you drop the assumptions of perfect markets/competition etc. price controls are an obvious policy implication. E.g., price controls fit perfectly well in DSGE models because they assume monopolistic competition. 1/4.
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RT @PikettyWIL: The collective volume Political Cleavages and Social Inequalities - A Study of 50 Democracies 1950-2024 coedited with Amory….
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RT @cedric_durand: Le NFP propose de porter le SMIC à 1600 euros net (+ 14%). Le patronat et le PM disent que cela conduirait à une hausse….
alternatives-economiques.fr
Face à la proposition de faire passer le salaire minimum à 1 600 euros nets par mois, le gouvernement et le patronat s’alarment. A tort, montrent les économistes Cédric Durand et Léo Malherbe.
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His work on macroeconomics, his insistence that macroeconomics is necessarily monetary, and his advocacy for policies that would promote full employment and social justice have been a great inspiration for many non-mainstream economists.
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Paul Davidson, a leading Post Keynesian economist and the founding editor of the Journal of Post Keynesian Economics passed away on June 20.
chicagotribune.com
Paul Davidson, renowned economist and advocate for humane economic policies, passed away on June 20, 2024. He was 93 years old.Born October 23, 1930, in Brooklyn, NY, Paul Davidson dedicated his li…
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He's never read Kalecki, but seems he didn't understand the source of unemployment!!!! 😂🤡.
Just saw this reviewing a paper. I've never read Kalecki, but seems he didn't understand the source of unemployment:
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The Journal of Post Keynesian Economics is putting together a special issue in honor of Victoria Chick, with @YannisDafermos, @anninak82, @JoMicheII and @M_Nikolaidi as guest editors. Details in the link:.
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