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FMM Conference 2026: Shaping macroeconomics in times of global transformation: 30 years of FMM

Veranstalter: IMK in der Hans-Böckler-Stiftung
Ort: Berlin, Holiday Inn Conference Center, Holiday Inn Conference Center
vom: 22.10.2026
bis: 24.10.2026

Livestream Day 1



Livestream Day 2



Livestream Day 3


 

About the Conference

In the 1990s, supply-side economics dominated both economic theory and policy worldwide. Government intervention and demand management were widely viewed as outdated, and the United States appeared to be the unquestioned role model for economic success, with the US dollar as the natural global currency. Three decades and several crises later, the global economic landscape has changed profoundly. Free trade is increasingly replaced by trade restrictions and geopolitical rivalries, even among former allies. While this shift undoubtedly creates risks, it may also open opportunities, for example through new alliances focused on climate protection and sustainable development. At the same time, the emergence of a multipolar world is reshaping the international monetary system and may even question the Dollar dominance. During these three decades, the Forum for Macroeconomics and Macroeconomic Policies (FMM) has provided a platform for discussing post-Keynesian and other critical macroeconomic approaches in the face of changing global challenges and crises, while also supporting the development of new generations of critical researchers. The upcoming FMM Conference focusses on past developments of and current challenges for heterodox economics, 30 years after the foundation of the FMM and 50 years after the formation of post-Keynesian economics. Challenges to be addressed are the North-South conflict, climate change, and escalating geopolitical crises. 

The submission of papers in the following areas was particularly encouraged: 

  • Post-Keynesian economics during the last three decades – country studies 
  • Post-Keynesian economics in the age of stagnation 
  • Industrial Policy and Trade in time of peace and conflict 
  • Monetary Macroeconomics and Financial Economics 
  • Global monetary reform and financial regulations 
  • Ecological and climate economics
  • Gendering macroeconomics   

Contributions to the plenary sessions will be published after the conference in the European Journal of Economics and Economics Policies: Intervention (EJEEP), which is the peer-reviewed journal affiliated with the FMM. We also encourage researchers to submit their papers to EJEEP, if they align with the aims and scope of the journal.

Paper Upload

Program (pdf)

Contact:

Sabine Nemitz
fmm(at)boeckler.de

Parallel Sessions

FISCAL POLICY AND DISTRIBUTION

Chair: Leila Davis

Who Benefits? Distributional Effects of Fiscal Policy on Household Income
Daniel Fernández Romero, Autonomous University of Madrid, R. Gonzálvez

Fiscal policies, distributional conflict and inflation: from Haavelmo’s theorem to Lerner’s functional finance approach
Cara Dabrowski, The Vienna Institute for International Economic Studies (wiiw), Eckhard Hein

When Is Progressive Taxation Expansionary? Inequality, Public Debt, and Demand-Led Growth 
Marina da Silva Sanches, University of São Paulo (USP), J. F. Costa Santos

Beyond Austerity: A Post-Keynesian Path for Public Investment and Structural Transformation in the MENA Region
Jalal Qanas, College of Business and Economics Qatar University, A Rabhi, Malcolm Sawyer

MONETARY THEORY AND PRACTICE

Chair: Jan Priewe

Teaching a Revolution in Economic Thought: Endogenous Money and the Macroeconomy
Sam Hummel, Duke University

TARGET2 Imbalances as a Settlement Substitute: Interbank Market Fragmentation and Financial Stress in the Euro Area 
Karlo Vujeva, University of Zagreb

Rates and Fates: Monetary Policies and Income Inequality in an Agent-Based Stock-Flow Consistent Framework
Dany Lang, University Sorbonne Paris Nord

Endogenous Aspirations in an Evolutionary Game Approach to Conflict Inflation
Ricardo Araujo, University of Brasilia, Helio Fonseca, Helmar Moreira

INDUSTRIAL POLICY AND DEVELOPMENT

Chair: Steven Fazzari

Industrial Policy Constrained by the Macroeconomic Regime: An Empirical Assessment of Brazil 
André Nassif, Fluminense Federal University, Carmem Feijó, Eliane Araújo, Paula César Morceiro

Post-Keynesian Policies for Emerging Economies: From ‘The End of Laissez-Faire’ to the end of neoliberalism?
Fernando Ferrari-Filho, Federal University of Rio Grande do Sul (UFRGS) and Brazilian National Council for Science and Technology Development (CNPq), Luiz Fernando de Paula

Reconceptualising Financing for Development
Redge Nkosi, African Heterodox Economics Network

The UK economy since the EU referendum
Catherine Mathieu, OFCE

GLOBAL VALUE CHAINS AND TRADE

Chair: Till van Treeck

European Growth Models in Global Value Chains: Does Participation Shape Economic Performance?
Daniel Herrero, Complutense Institute of International Studies, ICEI, Sascha Keil, Walter Paternesi Meloni, Adrián Rial

Global Value Chains and International Value Chains
Patrick Mokre, Austrian Federal Chamber of Labor Vienna

Tariffs and Twin Deficits: Evidence from the US Tariff Hikes of 2025
Sascha Keil, Chemnitz University of Technology, Walter Paternesi Meloni

Cumulative causation, heterogeneous expectations in FX markets, and export-led growth
Marwil Davila-Fernandez, Colorade State University, Rebecca Fratello


ECOLOGICAL TRANSFORMATION

Chair: Ekaterina Jürgens

Environmental Degradation and the Omitted Side of the Dutch Disease: Evidence on the Brazilian Economy (2003-2022) 
Carlos Caldarelli, State University of Londrina, Eliane Araújo, Samuel Peres, Elisangela Araujo

The Distributive Consequences of Degrowth Under Conditions of Full Employment
Eduardo Veciana, Roskilde University

An analysis of biodiversity and the macroeconomy of China 
David An, University of Siena, Tiziano Distefano, Samuele Bibi, Xi Ji

Beyond GDP per Capita: Interpopulation Inequality and Alternative Measures of European Convergence in the EU-27, 1995–2025
Nikolaus Kowall, FH des BFI Wien, Laura Schwietz

LABOUR AND TRADE UNIONS

Chair: Zarah Westrich

Unionization Dynamics through the Lens of Comparative Political Economy
Christian Proaño, University of Bamberg, Giorgos Galanis, Achilleas Mantes , Naira Kotb

Multiplicity, distance and unionisation dynamics
Giorgos Galanis, Queen Mary University of London, Ryan Lamare, Christian Proaño

From Legalization to Institutionalized Marginalization: Trade Union Density in Greece, 1970-2020
Aggela Papadopoulou, City St George‘s University of London, Giorgos Gouzoulis

Industrial relations, demand and technological change: the case of Greece
Michalis Nikiforos, University of Geneva, Vlassis Missos, Christos Pierros, Nikolaos Rodousakis

FINANCIALIZATION AND CORPORATE PROFITABILITY

Chair: Giorgos Gouzoulis

A Mixed-Methods Study of the Determinants of Target Profit Rates in Brazilian Non-Financial Corporations
Candelaria Fernández Tucci, Roma Tre University

Is Ratchet Behavior Crowding Out Investment? New Results for Corporate Financialization in South Africa
Florian Wirth, University Sorbonne Paris Nord

Corporate financialization in the age of asset managers: Emerging traits of financial imperialism
Krystian Filippo Maria Bua, Sant‘Anna School of Advanced Studies Pisa, Giovanni Dosi, Costas Lapavitsas, Maria Erica Vigillito

How Real Is Competition? An Analysis of Profit Rate Dynamics Among German Firms After 1990 
Maximilian Krimmer, University of Duisburg-Essen

INTERNATIONAL TRADE AND FINANCE

Chair: Hansjörg Herr

Corporate Concentration, Financialization, Commodity Price Formation, and Exchange Rate Dynamics: Implications for Food Security 
Angelica Huerta Ojeda, University of Campinas - UNICAMP

Does FDI constrain long-term development? Outflows matter more than inflows
Jannis Max Ernst Müller-Hester, Dirk J. Bezemer

Reproducing Uneven Development: Global Capital Goods Production and Trade Relations 
Jonas Kampuš, University Sorbonne Paris Nord

Central in Production, Peripheral in Money? Reassessing Center–Periphery in Sino-Latin American Relations 
Thaís Araripe, Federal University of Rio Grande do Sul (UFRGS), Luiza Peruffo

ECOLOGICAL MACROECONOMICS

Chair: Svenja Flechtner

Job Guarantee in the Ecological Transition: The Role of Full Employment for Sustainable Development – The Case of France 
Daniela Murcia, Côte d‘Azur University

Demand-led growth in the Anthropocene: a long-run model of conflict inflation and climate damage
Liam Mc Court, University of Siena

The Tail the Subsidy Doesn’t Reach: Distributional Evidence on Extreme Energy Burdens in the US
Louise Drozdek, University of Duisburg-Essen, Franziska Dorn, Simone Maxand

Structural Limitations of the European Union under Decarbonisation 
Louis Kesse, University Sorbonne Paris Nord

DEMAND, DISTRIBUTION AND GROWTH

Chair: Eckhard Hein

Demand and Productivity Regimes in Switzerland: 1950-2025 
Celal Guney, University of Geneva

Endogenous Autonomous Demand and the Supermultiplier: The Return of the Paradoxes of Thrift and Cost? 
Jonas Plattner, Berlin School of Economics and Law

Moving in a Cycle: Are we Going Somewhere With Potential Output Estimations? 
Leo Primavesi, Leuphana University

Dynamics of Capital and Trade Union Power in Germany: A System Dynamics Analysis
Philipp Hübben, Ruhr University Bochum

FISCAL AND MONETARY POLICY

Chair: Sebastian Gechert

Who gains and who loses? Macroeconomic and distributional effects of fiscal policy in Austria
Ali Tok, Chemnitz University of Technology, Cara Dabrowski, Rudolf Faininger, Sebastian, Gechert, Philipp Heimberger

Has MMT been hearing its critics? The evolving debate around (neo)chartalism
Eduardo Zimmermann, Berlin School of Economics and Law

A Two-Country SFC Model: ECB Monetary Policy and Asymmetries
Kyeonghun Joo, University of Siena

Shock without Therapy: A critical assessment of Argentina‘s stabilization attempt under Milei
Valentín Alvarez, University of Siena, Juan Manuel Campana

PUBLIC INVESTMENT AND INDUSTRIAL POLICY

Chair: Torsten Niechoj

Manpower, Money and Municipalities – A Bayesian Analysis of the Determinants of Local Public Investments in North Rhine-Westphalia 
Isabelle A. Wappelhorst, University of Duisburg-Essen

Beyond Military Keynesianism: Defence Investment, Technological Spillovers, and the Institutional Asymmetry between the United States and the European Union 
Kamil Jakubowski

Lost in deflation ? Deflators and the (mis)measurement of price competitiveness 
Michal Gadomski, University of Rennes 2

Impact of Disasters on Bank lending to MSMEs- Evidence from the Philippines
Yu Sun, SOAS University of London

PUBLIC SPENDING

Chair: Christoph Paetz

The Macroeconomic Effects of Green Public Spending across Italian Regions
Antonino Lofaro, University of Bari „Aldo Moro“, Giovanna Ciaffi, Matteo Deleidi, Vincenzo Pistucci

The Macroeconomic and Distributional Effects of Green Public Spending in Europe
Giovanna Ciaffi, eCampus University, Antonino Lofaro

Creating Stimulus Out of the Green: the Investment Multipliers from 30 Years of Renewable Energy Deployment
Francesco Lamperti, Sant‘Anna School of Advanced Studies Pisa,Elisabetta Cappa, Gianluca Pallante

An empirical characterization of the transmission mechanism of public R&D investment: Evidence from OECD countries
Matteo Deleidi, University of Bari „Aldo Moro“, Giovanna Ciaffi

LABOUR MARKETS AND WORKING TIME

Chair: Patrick Mokre

Minimum Wage Policy, Productivity, and Post-War Reconstruction in Ukraine
Cem Oyvat, University of Greenwich, Yuliya Yurchenko

The Macroeconomics of Working Time Reduction: Employment, Demand and Productivity Effects in France 
Vinicius Martinez, Paris Cité University, Aimane Abdelsalam, Federico Bassi, Florian Botte,Laurent Cordonnier, Thomas Dallery

More than Income and Hours: The Distribution of Working Conditions among German Employees
Zarah Westrich, University of Duisburg-Essen, Jan Behringer, Till van Treeck

Can financial inclusion beat labour and social policies?
Thereza Balliester Reis, SOAS University of London, Nefeli Louka

RETHINKING ECONOMIC GROWTH

Chair: Michaelis Nikiforos

Do stock markets impede or accelerate economic growth? A comparison of the US and Germany
Jan Priewe, University of Applied Sciences Berlin

Is there a growth imperative in capitalist economies? A review of Keynes and Schumpeter to modern approaches
Johannes Schmidt, Karlsruhe University of Applied Sciences

Keynes vs. Mainstream economics on sustainable development 
Jesper Jespersen, Roskilde University

Size-dependence of fiscal multipliers
Guilherme Klein Martins, University of Leeds

PUBLIC DEBT AND FISCAL SPACE

Chair: Dany Lang

Public Investment and Sovereign Financing Costs
Ekaterina Jürgens, University of Mannheim, Christian Proaño

Public debt sustainability and debt thresholds: a post-Keynesian critique
Léo Vigny, University Sorbonne Paris Nord, Colin Vuilletet

The Sky is Not Falling: Federal Debt and Distribution in the United States 
Steven Fazzari, Washington University in St. Louis

For whom does stagnation matter? The political economy of austerity 
João Vitor Santos Melo, State University of Campinas (Unicamp), Adriana Nunes Ferreira

GROWTH DYNAMICS AND STRUCTURAL CHANGE

Chair: Sascha Keil

Dissecting Cycles: why manufacturing matters for the macro-economy
Gianmarco Palumbo, Sant‘Anna School of Advanced Studies Pisa, Giovanni Dosi, Maria Enrica Virgillito

Stagnation and Cycles in a Circuit of Capital Model
Nikolaos Chatzarakis, The New School NY

Structural Dualism, Under-Development Traps in a Developed Economy: The case of the Irish Economy
Raghavendra Srinivas, National University of Ireland Galway

Structural change, income distribution, and growth models
Miguel Ángel Casaú Guirao, The Autonomous University of Madrid (UAM), Jacobo Ferrer, Daniel Herrero

ENERGY AND DISTRIBUTION

Chair: Jan Behringer

Heating Energy Elasticities and Distributional Effects
Bianka Mey, Chemnitz University of Technology, Teresa Schäfer

The distributional effects of energy-price shocks in OECD countries
Thomas Rabensteiner, University of Greenwich, Alexander Guschanski

The Effects of Renewable Energy Communities on Poverty in Germany 
Gökhan Dilek, University of Barcelona, Martin Buchner, Miriam Rehm

Energy as the Driver of Capital: An Agent-Based Modelling Perspective
Oliver Reiter, The Vienna Institute for International Economic Studies (wiiw)

FINANCING THE GREEN TRANSITION

Chair: Heike Joebges

Green Investment in Italy: Macroeconomic, Fiscal, Distributional and Environmental Effects in an IO-SFC Model 
Giuseppe Fontana, University of Leeds

The Climate-Demography Nexus in Italy: An Assessment of the Macro and Distributional Impacts through an Ecological SFC-IO Model
Edoardo Sala, Sant‘Anna School of Advanced Studies Pisa

Climate Policy Design: Why Investment Risks Matter 
Louis Daumas, RFF-CMCC European Institute on Economics and the Environment, Angélique Sarre, Glemarec Yannick

CBDCs and Green Macroprudential Policy: An AB-SFC Analysis for a Sustainable Financial Future 
Federico Bassi, University of Lille, Samuele Bibi, Jacopo Temperini


AUSTERITY AND FISCAL POLICY

Chair: Alberto Botta

The Price of Austerity: A Synthetic Control Analysis of Italy’s 1991 Economic Shock 
Federica Arena, Roma Tre University

From Welfare to Credit: Austerity, Household Debt, and Financial Fragility in a Sraffian Supermultiplier Model 
Francesca Giammorcaro, University of Siena

Austerity, Gender, and Multidimensional Deprivation Among Older Europeans: Evidence from SHARE
Nita Handastya, University of Siena

Fiscal consolidation and political instability 
Philipp Heimberger, Vienna Institute for International Economic Studies, Anna Matzner

LABOUR MARKET AND TRANSFORMATION

Chair: Alexander Guschanski

Employment protection, atypical employment and labour productivity growth
Jesus Ferreiro, University of the Basque Country (UPV/EHU), Carmen Gomez

Skills, Prices, and Politics: Labor Reallocation and Carbon Tax Support in a Climate-Macro Model
Maike Minke, Macroeconomic Policy Institute (IMK), Marwil J. Dávila-Fernández, Christian Proaño

Induced Innovation and Labor Displacement in a Dual Agrarian Economy
Joao Paulo de Souza, University of Massachusetts

A Gendered Structural Analysis of Care Work, Fiscal Policy and Balance-of-Payments Constraints in the Global South and North: the cases of Argentina and the UK
Micaela Jazmin Fernández Erlauer, University of Greenwich, Özlem Onaran

FIRMS, MARK-UPS AND CONCENTRATION

Chair: Teresa Schäfer

Is the U.S. economy becoming more competitive?
Özgür Orhangazi, Kadir Has University

Who Owns and Controls Carbon-Intensive Production? Ownership and Board Networks in the World’s Most Emitting Sectors
Roberta Terranova, RFF-CMCC European Institute on Economics and the Environment, Francesco Lamperti, Mauro Napoletano

Advertising, Concentration and Distribution: An Agent-Based Model
Federico Leon, Roma Tre University

Stability and Cycles in a Neo-Kaleckian Model with Autonomous Demand
Ricardo Araujo, University of Brasilia, Helmar Moreira

FINANCIALISATION AND WEALTH

Chair: Hagen Krämer

Financialisation as asset price inflation
Engelbert Stockhammer, King‘s College London

The Double Shift of Financialization: Personal Debt & Multiple Jobholding
Giorgos Gouzoulis, Queen Mary University of London, Panagiota Boukouvala

Wealth that grows by itself? Capital gains in the euro area 
Carlo D‘Ippoliti, Sapienza University of Rome, Lucio Gobbi, Jacopo Temperini

Wealth accumulation in a stock flow consistent heterogeneous agent model
Rafael Wildauer, University of Greenwich, Karsten Kohler

INFLATION AND DISTRIBUTION

Chair: Jalal Qanas

Generalised Conflict Inflation: Rigidities, Indexation and Derivation of the Textbook Model
Ryan Woodgate, Forward College Berlin

Conflict inflation without (explicit) unemployment 
Eric Kemp-Benedict, University of Leeds Sustainability Research Institute

Domestic and External Sources of Inflation: Exchange Rate Shocks, Distributive Conflict, and High-Inflation Regimes in Developing Economies
Betul Mutlugun, Istanbul University, Raul Zelada-Aprili

Was the ECB Fighting the Wrong Inflation? Markups, Profits, and the European Price Surge
Mehmet Ulug, Roskilde University, Lena Mac Donald, Anne Fløe Kauland, Sara Brandt Rasmussen

INVESTMENT, PROFITS AND GROWTH

Chair: Özlem Onaran

Capacity Utilization, Profitability and Expectations: Rethinking Investment Dynamics in Post-Keynesian Theory
Francesco Linguanti, University of Siena

Globalization and the Goodwin Pattern: How American Capital Eliminated the Profit Squeeze 
Michael Cauvel, University of Southern Maine, Aaron Pacitti, Robert Blecker

Distributed profit, investment and wages: microeconomic or structural explanations?
Dirk Bezemer, University of Groningen, C. Wetsema

The 12 Channels that Drove Corporate Profits during the Pandemic Recovery: A Literature Review
Simon Grothe, University of Geneva

CREDIT, DEBT AND FINANCE

Chair: Thomas Rabensteiner

Borrowing against the wind: diverging debt dynamics across the income distribution
Leila Davis, University of Massachusetts Boston

Liquidity Preference, Credit Transmission, and Debt Sustainability: A Settlement-Gap Approach 
Stefan Collignon, London School of Economics and Political Science

Understanding the Financial Resource Curse: The Impact of Capital Inflows on Sectoral R&D Spending
Mohit Arora, Union College Schenectady NY, Belinda Azenui, Tyler Hill

Capital controls and financial stability: an ABM approach
Nicoletta Scutifero, Sant‘Anna School of Advanced Studies Pisa, Andrea Roventini, Lilit Popoyan

CLIMATE ECONOMICS

Chair: Tom Bauermann

Climate Migration and Spatial Inequality
Ginevra Scalisi, School of Advanced Studies Sant‘Anna, Francesco Lamperti

The Gender Carbon Gap in Transport: Evidence from Germany and the United States
Katharina Preuß, University of Duisburg-Essen, Miriam Rehm

Adapting in the periphery: climate finance, import dependency and financial subordination in a small open economy model
Edoardo Sala, Sant‘Anna School of Advanced Studies Pisa, Yannis Dafermos

The Exorbitant Construction: Petrodollars, Statecraft, and the Myth of Dollar Necessity
Samuele Bibi, Aalborg University

MONETARY POLICY AND EXPECTATIONS

Chair: Catherine Mathieu

Beyond Central Bank Independence: a critical examination of a long-debated idea and its implications 
Giacomo Sbrenna, University of Bari „Aldo Moro“

Decoding Central Bank Communication: A Multi-Regime Analysis of Central Bank Communication Using Large Language Models
Felix Schäfer, Chemnitz University of Technology, Jochen Hartwig, Franziska Jüngling

Identifying Monetary Policy Shocks in Newspapers using GPT 
Jonas Dix, University of Bamberg

The Stories People Tell: How Inflation Narratives Shape Expectations and Preferences 
Max Weinig, University of Hamburg, Samuel Droessler, Ulrich Fritsche, Junbo Huang


MACROECONOMIC THEORY AND MODELLING

Chair: Rafael Wildauer

Does macroeconomics need microfoundations?
Giovanni Dosi, Sant‘Anna School of Advanced Studies Pisa, Hannah Engljähringer, Andrea Roventini

The macro-foundations of microeconomics or the micro-foundations of macroeconomics 
Nobantu Mbeki, University of the Witwatersrand

The Emergence of AB-SFC Modelling: methodology, theory, and literature review
Eugenio Caverzasi, University of Insubria, Alberto Botta, Alberto Russo

SIMS: An LLM-Augmented Agent-Based Framework for Demand-Led Macroeconomic Fluctuations
Jan Schaeffer, The Bundesdruckerei Group, Paul Kaufmann, Josef Menter, Niclas Schult, Franca Wedekind


S7: INCOME DISTRIBUTION AND GROWTH

Chair: Jochen Hartwig

A UK-Calibrated Post-Kaleckian Wealth Distribution Model with Mortgage Debt and Real Estate Assets 
Thomas Godfrey, Berlin School of Economics and Law, Moritz Kapff, Agnes Kay

Land in Demand-Led Growth: A Simplified Approach 
Gabriel Zaffari, Roma Tre University

Dynamics of income distribution in a post growth economy with an Agent-Based Stock-Flow Consistent Model 
Sébastien Rey, University Sorbonne Paris Nord and the Polytechnic University of Marche

Reduced GDP or Stolen Time? Measuring climate damages as years of lost growth
Damiano Di Francesco, Sant‘Anna School of Advanced Studies Pisa
 

SHOCKS AND ECONOMIC RESILIENCE

Chair: Jesus Ferreiro

Too high profits in reaction to import price shocks? Assessing distributional effects of imported inflation in euro area countries based on national accounts data
Heike Joebges, HTW Berlin, Camille Logeay

Sectoral Propagation of Oil Supply Shocks in Canada
Rudolf Faininger, Technical University of Chemnitz

Tides of Subordination: Fiscal Constraint, Financialised Commodity Cycles, and the Political Economy of Latin America
Samuele Bibi, Aalborg University, Nicole Cerpa Vielma, Pedro Perfeito da Silva

Because of the Boom or Despite It? Commodity Prices and the Reduction in Income Inequality in Latin America
Martin Middelanis, Free University of Berlin, Svenja Flechtner, Diego Sánchez-Ancochea

BALANCE-OF-PAYMENTS AND DEVELOPMENT

Chair: Federico Bassi

International capital, multiple equilibria and finance-led dynamics in a BoP-constrained growth model 
Alberto Botta, University of Salerno

Wealth Inequality and the Balance of Payments Constraint in the Global South
Magdalena Maad, Vienna University of Economics and Business (WU), Annina Kaltenbrunner, Fynn Mallmann, Miriam Rehm

Sectoral Composition, External Constraints, and Policy Space in a Dual-Sector Supermultiplier Model 
Vinícius da Silva Centeno, University of Siena, Cinthia de Souza, Guilherme Spinato Morlin

Exchange Rate Gap Closure and Macroeconomic Adjustment: Evidence from Selected Peripheral Economies
Juan Barredo Zuriarrain, University of the Basque Country (UPV/EHU)


MONEY AND FINANCIAL ARCHITECTURE

Chair: Miriam Rehm

Decoding the Digital Transformation of the Monetary System: A Balance Sheet Approach
Eugenio Caverasi, University of Insubria, Andrea Terzi

Stablecoins: A survey of perspectives and policy responses from developing countries
Jörg Mayer, Penelope Hawkins

Beyond Banking Repair: A Four-Phase Restructuring of Europe‘s Monetary and Financial Architecture
Martijn van der Linden, The Hague University of Applied Sciences

Money and Financing: A Clarification 
Henri Sterdyniak, OFCE

DEMAND AND GROWTH

Chair: Giuseppe Fontana

Demand Regimes: Identification Pitfalls and a Structural Estimation Approach 
Alejandro Gonzalez, Washington University in St. Louis

Growth models and autonomous demand in comparative perspective: from decomposition to growth drivers
Juan Manuel Campana, Berlin School of Economics and Law

The Normal Rate of Capacity Utilization as a Convention: Genuine Hysteresis and Harrodian Instability in the Kaleckian Model 
Tarek Fahim, University Sorbonne Paris Nord

Income Distribution, the Internal Rate of Return, and Pension Sustainability in Spain
Ayoze Alfageme, University of Geneva

FISCAL POLICY AND MULTIPLIERS

Chair: Dirk Bezemer

Military, Green, and Social Spending Multipliers in the UK
Alexander Guschanski, University of Greenwich, Özlem Onaran

Fiscal policies are not all alike: composition effects, regime switching and uncertainty
Jerome Creel, OFCE, Serena Ionta, Guido Traficante

Hands tied. Are some institutional arrangements more counter-cyclical? 
Jeremiah Nollenberger, European Trade Union Institute

LABOUR, PRODUCTIVITY AND DISTRIBUTION

Chair: Engelbert Stockhammer

Labour market institutions, distribution conflict and productivity growth
Philip Blees, HWR Berlin, Eckhard Hein

What Explains Productivity Growth? Pre-Keynesian, Post-Keynesian, and New Keynesian Perspectives 
Hagen M. Krämer, Karlsruhe University of Applied Sciences

Household Debt Burden and Union Jobs: Evidence from a Quasi-Experiment in the United States 
Po Yin Wong, Queen Mary University London, Giorgos Galanis, Giorgos Gouzoulis

Is Brazilian premature deindustrialization a case of Dutch disease? 
André Nassif, Fluminense Federal University, Carmem Feijó, Eliane Araújo

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