Peter Skott

Professor Emeritus
314 Crotty Hall



University of Aarhus, "cand scient oecon", July 1981

Professional Experience: 

Professor, University of Massachusetts, 2003 - present
Associate Professor and Professor, University of Aarhus, 1987 - 2003
Visiting Professor, University of Notre Dame, USA, spring 1995
Visiting Professor, EuroFaculty, Vilnius University, Lithuania, autumn 1994
Junior and Senior research fellow ("Kandidatstipendiat" and "seniorstipendiat"), University of Copenhagen, 1982-1987
Temporary lecturer, University of Copenhagen, autumn 1981

Research Interests: 

Income Distribution



Professional Activities: 

  • Editorial board, Review of Keynesian Economics
  • Editorial board, Homo Oeconomicus
  • Editorial board, Review of Behavioral Economics
  • Editorial board, Revista de EconomiA (the journal of the Brazilian Association of Economics)
  • Editorial board, Post Keynesian Review
  • Editorial board, Metroeconomica
  • Editorial board, Economic Issues

Selected Publications: 

Sources of inflation and the effects of balanced budgets and inflation targeting in developing economies”. With Guilherme Klein Martins. Industrial and Corporate Change, 2021 doi: 10.1093/icc/dtab006

“Fiscal policy and structural transformation in developing economies”. Structural Change and Economic Dynamics, 56, 2021, pp. 129-140.

“Autonomous demand, instability and the supply side”. Metroeconomica, 70(2), 2019, pp. 233-246.

“Challenges for post-Keynesian macroeconomics”. In Chinese, Political Economy Quarterly, 2018 (1), pp. 148-165. English version in Finn Olesen and Jesper Jespersen (eds) Progressive Post-Keynesian Economics: Dealing with Reality, Elgar, 2019.

“Credit constraints and economic growth in a dual economy”. With Leopoldo Gomez-Ramirez. Structural Change and Economic Dynamics, 45. 2018, pp. 64-76.

“Fiscal and monetary policy rules in an unstable economy”. With Soon Ryoo. Metroeconomica, 68:3, 2017, pp. 500–548.

“Weaknesses of ‘wage-led growth”.  Review of Keynesian Economics, Vol. 5 No. 3, 2017, pp. 336–359.

“Functional finance and intergenerational distribution in a Keynesian OLG model”. With Soon Ryoo.  Review of Keynesian Economics, 5(1), 2017, pp. 112-134.

“Aggregate demand, functional finance and secular stagnation”. European Journal of Economics and Economic Policies: Intervention, Vol. 13(2), 2016, pp. 172–188.

“Growth cycles and price flexibility”.  Review of Keynesian Economics, 2015, 3(3), pp. 374-386.

“Public debt in an OLG model with imperfect competition: long-run effects of austerity programs and changes in the growth rate”. With Soon Ryoo. BE Press Journal of Macroeconomics, 2014, Vol. 14, No. 1, pp. 533-552.

 "Pluralism, the Lucas critique, and the integration of macroeconomics and microeconomics". Review of Political Economy, 2014, 26 (4), pp. 503-515.

“Distributional biases in the analysis of climate change”. With Leila Davis. Ecological Economics, 2013, 85, pp. 188–197

"Power, luck and ideology - technological and institutional parameters of the agency problem for CEOs".  With Frederick Guy. Review of Radical Political Economics, 2013, 45(3), pp. 323-332.

“Increasing inequality and financial instability”. Review of Radical Political Economics, 45 (4), December 2013, pp. 474 - 482.

"Public debt and full employment in a stock-flow consistent model of a corporate economy" With Soon Ryoo. Journal of Post Keynesian Economics, 2013, Vol 35(4), pp. 511-527.

"Theoretical and empirical shortcomings of the Kaleckian investment function". Metroeconomica, 2012, Vol. 63, pp. 109-138.

"The Real Exchange Rate and Economic Development" With Arslan Razmi and Martin Rapetti. Structural Change and Economic Dynamics,  2012, Vol. 23, 151-169.

"An empirical evaluation of three post Keynesian models" With Ben Zipperer. Intervention – European Journal of Economics and Economic Policies, 2012, Vol.  9(2), pp. 277-308.

"Employment and Distribution Effects of the Minimum Wage" With Fabian Slonimczyk. Journal of Economic Behavior and Organization, 2012, Vol. 84 (1), pp. 245– 264.