Comparative political economy and varieties of macroeconomics
Baccaro, Lucio ; Pontusson, Jonas
Max Planck Institute of Societies, Cologne
MPIfG - Köln
2018
22 p.
macroeconomics ; economic policy ; capitalism ; economic growth ; economic model
Discussion Paper
18/10
Economics
English
Bibliogr.
"This paper provides a historical overview of comparative political economy as an interdisciplinary field of study anchored in political science and focused on advanced capitalist states. We argue that this field of inquiry has reached an impasse and that a more sustained engagement with macroeconomics provides a way forward. Against this backdrop, we review two distinct traditions of macroeconomics – New Keynesian and Post-Keynesian macroeconomics – and discuss their relative merits as vehicles for renewing the research agenda of comparative political economy."
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