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Posts by Karsten Kohler

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Job Opportunity at University of Leeds: Faculty Post Doctoral Fellowships, Leeds University Business School Are you an aspiring researcher looking to further your career in one of the UK’s leading research-intensive Universities and receive a structured programme of support?  Do you have a research backgrou...

Leeds University Business School (LUBS) are offering two‑year Post Doctoral Fellowship Schemes.

The Economics department at LUBS is committed to pluralism and conducts research along a range of theories and methods, including macro-finance.

Deadline is 31 May.

jobs.leeds.ac.uk/vacancy.aspx...

2 weeks ago 3 4 0 0
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New open-access article with Engelbert Stockhammer and Ben Tippet in Socio-Economic Review -- 'What goes up, must come down: speculation-encouraging institutions and house price cycles across countries' (1/5)

academic.oup.com/ser/advance-...

2 weeks ago 3 1 1 0

We find that low capital gains taxes and strong landlord-protection policies that may push households onto the property ladder are linked to more intense house price booms and busts. (5/5)

2 weeks ago 0 0 0 0

In an empirical analysis for 23 OECD countries, we explore the role of speculation-encouraging institutions, credit permissiveness, welfare state regimes and macroeconomic policy as potential factors. (4/5)

2 weeks ago 0 0 1 0

Bringing Minskyan and behavioural theories of endogenous financial cycles to CPE, we argue that the intensity of house price booms and busts is shaped by institutions that encourage speculative behaviour, such as low capital gains taxes and strong landlord-protection policies. (3/5)

2 weeks ago 0 0 1 0

We provide a Comparative Political Economy (CPE) perspective on boom-bust cycles in house prices. Cycles in house prices are large relative to their trend, and the intensity of house price cycles differs across countries. (2/5)

2 weeks ago 0 0 1 0
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New open-access article with Engelbert Stockhammer and Ben Tippet in Socio-Economic Review -- 'What goes up, must come down: speculation-encouraging institutions and house price cycles across countries' (1/5)

academic.oup.com/ser/advance-...

2 weeks ago 3 1 1 0
2026 Summer School - Introduction to Post Keynesian Economics and Political Economy | PKES

📣 2026 PKES Summer School (21–24 June, University of Greenwich, London)

Spend 3 days exploring Post-Keynesian Economics & Political Economy. Topics include money & finance, inequality, fiscal policy, feminist econ, development & ecological macro.

Apply now 👇
www.postkeynesian.net/event/2026-p...

3 weeks ago 6 4 0 1
Video

Half a million strong. Together.

The biggest march against the far-right in British history.

3 weeks ago 1375 509 23 58
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Next Saturday! 👇

1 month ago 1 0 0 0
March together !

March together !

Join our bloc at the @UKTogetherAll march on 28 March! 🙌

Assemble 12pm, Block C. Find us on what3words: ///patrol.cone.pulse

March with us against the far right ✊
Full route info: togetheralliance.org.uk

1 month ago 8 10 0 0

Over 1000 civilians dead, and we're letting Trump use UK bases to further his war.

Britain should stand firm against Trump's illegal warmongering, and stop these bombers landing on UK soil.

1 month ago 1537 496 65 25
Palestine action

Palestine action

UCU is deeply concerned by the length of time people connected to alleged actions involving Palestine Action are being held on remand.

Read the full statement 👇

3 months ago 14 7 0 0

In case you're teaching the Solow model this semester, check this out 👇

3 months ago 3 0 1 0
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New section on the DIY Macroeconomic Model Simulation Website: The Solow Growth Model
macrosimulation.org/a_solow_model (1/5)

4 months ago 12 3 2 3

While arguably of very limited real-world relevance, the Solow model is still widely taught. The section provides a detailed numerical and analytical discussion of a continuous-time version of the model, which might be helpful for teaching and learning. (6/6)

4 months ago 2 0 0 0
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4 months ago 0 0 1 0

When introducing exogenous labour-saving technical change, the model generates per-capita output growth also in the long run. (5/6)

4 months ago 0 0 1 0

The production function exhibits constant returns to scale but diminishing marginal returns to its individual inputs. As a result, it only generates long-run growth in total output, but not in output per capita, which only grows during the adjustment towards the steady state. (4/6)

4 months ago 1 0 1 0
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The model considers a supply-driven growth process with a neoclassical aggregate production function with capital and labour as substitutable inputs. There is no independent investment function: all saving is automatically invested. (3/6)

4 months ago 0 0 1 0

The section shows how to simulate in R / Python the canonical neoclassical growth model due to Solow (1956) (2/6).

4 months ago 0 0 2 0
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New section on the DIY Macroeconomic Model Simulation Website: The Solow Growth Model
macrosimulation.org/a_solow_model (1/5)

4 months ago 12 3 2 3
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Asylum in UK to be made temporary under Home Secretary’s plans Shabana Mahmood will lay out reforms modelled on the Danish system on Monday.

To reiterate, this is about making life immeasurably more miserable and stressful for some of the most vulnerable people, in the almost certainly vain hope of winning over the votes of racists.

Anything more shabby and shameful is difficult to envisage.

5 months ago 532 228 22 29

Interestingly, this is not true. Nice example of one of the central analytic pitfalls in this area, confusing net flows with gross ones.

5 months ago 48 8 5 3

ICYMI 👇

7 months ago 2 0 0 0
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New section on the DIY Macroeconomic Model Simulation Website: A Stock-Flow Consistent Model of the Monetary Circuit.
https//macrosimula... (1/5)

7 months ago 4 1 2 1
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ICYMI 👇

7 months ago 3 1 0 0

Personal note: went to (some) of the countermarch yesterday, and then watched TV coverage of both.

@sundersays.bsky.social is right that the far-right/racists on the main march are a (small) minority whose numbers are not growing.

It's the apparent paralysis of the majority that scares me. [1/n]

7 months ago 490 129 32 14
DIY Macroeconomic Model Simulation - 20  A Stock-Flow Consistent Model of the Monetary Circuit

Here is the correct URL: macrosimulation.org/an_sfc_model

7 months ago 3 0 0 0

The section provides a detailed numerical and analytical discussion of the model, including how to construct balance sheet and transaction flow matrices, and a simple recipe for building SFC models. (5/5)

7 months ago 1 0 1 0