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 Society (PKES). 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):

Eugenio Caverzasi, University of Insubria

Yannis Dafermos, University of London 

Engelbert Stockhammer, King's College London

RACs are the contact persons for the research area, deal with the conference submissions and put together sessions; will normally attend EAEPE conference

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

2019 EAEPE conference: RA sessions

2020 EAEPE conference: RA sessions

2021 EAEPE conference: RA sessions

2022 EAEPE conference: RA sessions

2023 EAEPE conference: RA sessions

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 University of Insumbria 
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 King's College London
UK Yannis Dafermos SOAS University of London