Tag Archives: Serrano

[embedded content] Carlos Pinkusfeld interviews Ramaa Vausdevan (Colorado State University) and Franklin Serrano (Federal University of Rio de Janeiro) to discuss the complex challenges of monetary policy in the international arena. Exploring issues such as financial globalization, the influence of large economies on the global monetary system, and the implications for developing countries, the experts offer important perspectives on the role of central banks and the effectiveness of...

xxx A panel about Maria da Conceição Tavares with talks by three of her disciples and students, Ricardo Bielschowsky, Carlos Medeiros and Franklin Serrano.

Marc Lavoie has written this post on the current inflation debates, which received some attention. We had a conversation (I don't say debate because we mostly agreed, and the video is here, last September). I also recommend Julia Braga and Franklin Serrano's paper on Marc's chapter on inflation, which is relevant for the current debates. The debate rages, within heterodoxy, as if a lot of the ideas are new, but quite frankly they are a recap of discussions of the past, particularly for those...

New Paper by Julia Braga and Franklin Serrano. From the abstract: The conflicting claims approach to the theory of inflation so thoroughly surveyed and well presented in Chapter 8 of Lavoie’s (2022) book is deservedly becoming increasingly consensual among heterodox (and even some notable mainstream) macroeconomists. However, the relevance of a concept (and the very existence of) a NAIRU (Non-Accelerating Inflation Rate of Unemployment) derived consistently from the very premises of the...

[embedded content]Franklin Serrano on inflation (in Portuguese). More or less what I have been saying on the issue, with some interesting discussions on the changes in the New Consensus Model, and the changing views of some of the key authors like Larry Summers.

[embedded content]The conversation on inflation with Marc Lavoie at the Fields Institute in Toronto. I think that there was an agreement, between us, and most people in the room that the oligopolistic view of inflation does not hold water. I tried to discuss the Argentinean case on the basis of a piece that I co-wrote with Fabián Amico and Franklin Serrano, published in the local version of Le Monde Diplomatique online. A longer version, also in Spanish, here. An English version is in the...

Video of the conference, without the long part before it starts that was on the Review of Keynesian Economics Facebook page.[embedded content] At any rate,the three presentations by professors Serrano, Palumbo and Nell.

Ed Nell, who shared his signed copy of PCMC   The whole Zoominar can be watched at the Review of Keynesian Economics' (ROKE) Facebook page here. It starts early with the live-stream, you can jump to minute 49 or so and watch from the onward.

Tomorrow we will talk about this book that is the Rosetta Stone of the history of economic ideas (read post 6 below for more on that). I'm happy to have a great panel to discuss it. In the meantime below 7 previous posts on Sraffa's contributions to economics, which might be helpful for some.Sraffa and the Marshallian System Sraffa, Marx and the Labor Theory of Value (LTV) Sraffa, Ricardo and Marx The Standard Commodity and the LTV The Capital Debates Microfoundations of Macroeconomics...

New paper on the problems of Krugman and the Liquidity Trap argument (some will be able to download if for free, and I recommend this version; however, there is a previous working paper linked at the bottom for those unable to open).From the abstract: Krugman’s ‘liquidity trap’ model constituted a ground-breaking contribution by attributing the long-lasting Japanese stagnation to a negative natural interest rate. Our critique to such a proposal will focus on three aspects. First, we will...