EAEPE Research Area ‘Effective Demand, Income Distribution and Finance’

‘Effective Demand, Income Distribution and Finance’ is one of the Research Areas (RA) of scientific development for the European Association for Evolutionary Political Economy (EAEPE). This research area analyses economic dynamics through the lens of demand formation, recognising the key role of institutional changes, income distribution and financial structures. It regards growth and employment performance as to a large extent driven by demand developments, with investment expenditures being a key variable to understand the business cycle. These depend on the institutional factors, on income distribution, on the availability of finance and on business psychology and cannot be reduced to rational optimising behaviour. Social conflict, institutions, money endogeneity and the distribution of income play a key role for understanding consumption behaviour and inflation. In a monetary production economy money and financial structures are never neutral and will impact economic performance.

The research area is developed in cooperation with the Post-Keynesian Economics Study Group (PKSG). It aims to improve communication and collaboration among the existing national post-Keynesian networks and to foster debate between post-Keynesians and other heterodox approaches. We encourage submissions on issues of macroeconomic analysis and business cycle theory, demand formation, the role of uncertainty in economics, the determinants and effects on investment, the effects of credit and wealth, stock flow-consistent modelling, the economic impact of income distribution, the macroeconomic implications of financial institutional structures, determinants of unemployment and analyses of the impact of government policies.

Research Area Coordinators (RACs):

Engelbert Stockhammer, Kingston University London,

Yannis Dafermos, University of the West of England,

RACs: contact for RA, deal with submissions for conferences and put together sessions; will normally attend EAEPE conference

Country contact persons: circulate calls in their community and circulate as contact for their country/region; their contact details will be listed at PKSG page; will occasionally/frequently attend EAEPE conferences; if they attend, will chair sessions and serve as discussants.

List of country contact persons: 

Country Name Institution Email
Austria Jakob Kapeller Johannes Kepler University Linz
Italy Gennaro Zezza University of Cassino
Italy Eugenio Caverzasi Marche Polytechnic University
France Marc Lavoie Paris 13 University
Germany Eckhard Hein Berlin School of Economics and Law
Spain Jesus Ferreiro University of the Basque Country
Spain Jorge Garcia Arias University of Leon
UK Engelbert Stockhammer Kingston University London
UK Yannis Dafermos University of the West of England