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A new history of macroeconomics
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  • Modeling Economic Instability: an History of early Macroeoonomics
    • Chapter 1 – Introduction
    • Chapter 2 – Looking for Dynamic Economics: Tinbergen’s Early Breakthrough
    • Chapter 3 – Relaxation Oscillations in the Early Development of Econometrics: a Road Not Taken
    • Chapter 4 – Frisch’s Macro-Dynamics: Inner Stability and External Impulses
    • Chapter 5 – Kalecki’s Macro-Dynamics: “Automatic Cycles,” Stagnation and Class Struggle
    • Chapter 6 – Tinbergen’s Macro-Dynamics: Instability and the Possibility of Collapse
    • Chapter 7 – Business Cycles, Pump-Priming and the Role of Public Expenditures
    • Chapter 8 – Stability Analysis and Early Keynesian Systems
    • Chapter 9 – Full Employment and Instability: Disentangling Issues on Existence and Stability
  • Grappling with Instability: a history of early post WW2 period
  • Reviews of the Book

Category: Part II

The Amazing Alvin Hansen – Part 2/2 : 1938-1965

May 25, 2024 Michaël Assous, Marius Garreau and Nils Chabert

  We’ve seen how Hansen gradually wove a web between Harvard and Washington which led him in a favorable position,…

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Posted in: Part II

The Amazing Alvin Hansen – Part 1/2 : 1927-1938

May 24, 2024 Michaël Assous, Marius Garreau and Nils Chabert

Alvin Hansen has played a key role in the development of economic ideas in the US. Within a few years,…

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Posted in: Part II Filed under: economic policy, keynesianism, New Deal

Bridging comparative statics and dynamics in Samuelson’s 1941 IS-LM model

November 18, 2021 Michaël Assous and Vincent Carret

This post is based on parts of chapter 7 of our book that have already been published here. All comments…

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Posted in: Part II, Part III

Out of the beaten path: Lundberg’s take on instability

November 6, 2021 Michaël Assous and Vincent Carret

      The idea that the economy can be fluctuating even if markets are at equilibrium (all which is…

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Posted in: Part II, Part III Filed under: business cycle, disequilibrium

Priming the pump: on some lessons learned from Samuelson’s 1939 accelerator-multiplier model 

October 16, 2021 Michaël Assous and Vincent Carret

The Great Depression led to a profound renewal of how problems of governmental fiscal policy were tackled. With reference to…

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Posted in: Part II Filed under: cycle, economic policy

Back to the future: Meade meets M.E.A.D.E. in the person of Tinbergen

June 28, 2021 Michaël Assous and Vincent Carret

This post is based on parts of a working paper accessible here. All comments are welcomed. In a recent issue…

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Posted in: Part I, Part II

Tinbergen (1935): Wage policy and collapse

March 21, 2021 Michaël Assous and Vincent Carret

This post is based on some parts (mainly part I.2) of a working paper accessible here. All comments are welcomed.…

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Posted in: Part II Filed under: collapse, economic policy, wage changes
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