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Finalized Doctoral Programmes

Bamberg Research Group on Behavioral Macroeconomics (2017-2020)

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  9. BaGBeM Research Workshop "Microeconomic Foundations for Classical and Post-Keynesian Economics"

BaGBeM Research Workshop "Microeconomic Foundations for Classical and Post-Keynesian Economics"

Date: 17.-18. June 2019
Instructor: Daniele Tavani

Topics

  • Classical growth and distribution, model closures, growth cycles
  • Endogenous intensity of technical change
  • Endogenous intensity of technical change
  • Post-Keynesian Economics
  • Coordination failures und alternative economic theories

About the Instructor

Daniele Tavani is Associate Professor and Director of the Graduate Program in the Department of Economics at Colorado State University in Fort Collins, Colorado. His main research interests are in economic growth, income and wealth distribution from both neoclassical and alternative standpoints. He is coauthor, together with Duncan Foley and Thomas Michl, of Growth and Distribution, Second Edition (Harvard University Press 2019). He has published in journals such as the Journal of Economic Behavior and Organization, Structural Change and Economic Dynamics, and the Journal of Evolutionary Economics. He holds a PhD in Economics from the New School for Social Research, and a Doctorate in Political Economy from Sapienza University of Rome. 

Schedule

Monday, 17. June

10:00 – 11:30 – Classical growth and distribution, model closures, growth cycles (Room: RZ/00.05)

  • Growth and distribution basics
  • Review of optimal control 
  • Labor market closures
  • Stylized facts 
  • Endogenous cycles

13:00 – 14:30 – Endogenous intensity of technical change (Room: RZ/00.07)

  • Direction of technical change and factor shares
  • Factor substitution vs. biased technical change
  • Implications for growth and cycles
  • Explicit firm-worker bargaining
  • Empirical and numerical applications

14:45 – 16:15 – Endogenous intensity of technical change (Room: RZ/00.07)

  • Endogenous intensity of technical change
  • Review of the Romer (1990) model
  • Endogenous technical change and the growth cycle
  • Numerical applications; growth cycles in the US

Tuesday, 18. June

10:00 – 11:30 – Post-Keynesian Economics (Room: RZ/00.05)

  • Post-Keynesian growth and distribution
  • Kalecki vs. Kaldor
  • Capacity utilization, effective demand and distribution
  • Short run vs. long run
  • Empirical debates

13:00 – 14:30 – Coordination failures und alternative economic theories (Room: RZ/00.05)

  • Coordination games and Post-Keynesian economics
  • Microeconomic foundations 
  • Empirical applications: BEA data
  • Numerical applications
  • Wrap-up and discussion