Presenting an in-depth overview of the foundations and developments of post-Keynesian
macroeconomics since Kalecki and Keynes, this timely book develops a comprehensive …

In this paper, we empirically test the central hypothesis of the Sraffian Supermultiplier model
(SSM)—that the growth of demand induces the share of capacity creating investment in …

We study the residential investment-economic activity nexus in the United States during the
period 1960–2020. We find evidence of symmetric and asymmetric frequency-domain …

This paper tries to clarify some important aspects of the zero-growth discussion, in particular
the consistency of stable zero growth with positive profits and a positive real interest rate …

We test whether the growth rate of autonomous demand determines the growth rate of
output in the United States. We apply asymmetric frequency‐domain Granger causality tests …

This paper aims to assess whether shocks in demand and its components can affect short-
and long-run output dynamics, challenging the macroeconomic literature that relegates its …

In this paper, we analyse the demand-led determinants of Spanish economic growth from
1998–2019. We apply the supermultiplier demand-led growth accounting methodology by …

The demand-led supermultiplier growth model proposes that business investment is
induced by income while autonomous expenditures determine economic growth. In this …

Purpose The authors estimate the multiplier effect of government public infrastructure
investment in Spain. This paper aims to use annual data of the 17 Spanish autonomous …

This paper provides a theoretical and empirical reassessment of supermultiplier theory. First,
we show that, as a result of the passive role it assigns to investment, the Sraffian …