We analyse UK markups and profit margins for the pandemic period and its aftermath using unconsolidated balance sheets of non-financial corporations for both listed and unlisted firms. The markup increases by 14.7% between 2014 and 2022, exceeding any previously documented growth rate for UK markups, despite major economic, ecological and geo-political crises.

This paper develops a stock-flow consistent Post-Keynesian model in the Kalecki-Steindl tradition with endogenous wealth accumulation and distribution, which captures the key aspects of the Cambridge debate on (anti-)dual and Pasinetti equilibria.

This article presents neo-Kaleckian macroeconomic models that are intended for under-graduate instruction at the introductory and intermediate levels. The neo-Kaleckian approach incorporates markup pricing, monopoly power, and income distribution into a demand-driven macro model for short-run analysis.

With its digital euro project, the ECB has embarked on a risky adventure. The paper shows that it is unlikely that the costly parallel universe of bank accounts that is intends to create will meet with great demand.

Public opinion and the perceptions of poorer households consistently indicate that the poor are most exposed to inflation. Meanwhile, the empirical literature on income-dependent inflation inequality remains ambiguous. In this paper, we explore two different explanations for this inflation-inequality puzzle.