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Karsten Kohler

@karstenkohler.bsky.social
536 followers 105 following 77 posts

Associate Professor in Economics @ University of Leeds. Macroeconomics & finance. Capital flows, exchange rates, financial cycles, financialisation, income distribution. karstenkohler.com macrosimulation.org

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Karsten Kohler @karstenkohler.bsky.social · 29/09/2026
New section on the DIY Macroeconomic Model Simulation Website: The Dornbusch Exchange Rate Overshooting Model macrosimulation.org/a_dornbusch_... (1/6)
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Jo Michell @jomichell.bsky.social · 21/09/2026
Not sure there are many Kalecki heads on this website but I'm going to give this a try anyway. If this isn't your cup of tea, you might want to hit mute now...
A journal cover page for "An analytical heterogeneous agent macro model of concentration, markups, and falling labour shares" by Karsten Kohler, Jo Michell and Ayoze Alfageme, published in the Journal of Economic Dynamics and Control.

The abstract text is: This paper presents an analytical heterogeneous agent model (HAM) to explore micro-level concentration dynamics and their effects on macro-level distribution and growth. It contributes to recent work on macroeconomic agent-based models (ABMs) by comparing a small-scale ABM with bilateral firm-customer matching to a simplified HAM without direct agent interactions. The HAM replicates key ABM results while allowing for analytical solutions. In the model, larger firms benefit from lower unit costs due to economies of scale, gain larger market shares, and set higher markups. More profitable firms temporarily grow faster, leading to endogenous changes in the firm size distribution. The resulting right-skewed distributions create a divergence between the average profit share across firms and the aggregate profit share, which is driven by the largest firms. The decline in the labour share reduces aggregate consumption and slows growth. Despite its simplicity, the model captures key empirical patterns related to superstar firms and declining labour shares.
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Karsten Kohler @karstenkohler.bsky.social · 10/09/2026
New paper with @jomichell.bsky.social and Ayoze Alfageme: “An analytical heterogeneous agent macro model of concentration, markups & falling labour shares” www.sciencedirect.com/science/arti... 1/6
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Karsten Kohler @karstenkohler.bsky.social · 10/09/2026
New paper with @jomichell.bsky.social and Ayoze Alfageme: “An analytical heterogeneous agent macro model of concentration, markups & falling labour shares” www.sciencedirect.com/science/arti... 1/6
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Tom Bauermann @bauermann-tom.bsky.social · 01/06/2026
‼️Extended Deadline‼️ 📢 Call for papers 📅 🥳 #30FMM Conference "Shaping macroeconomics in times of global Transformation" When and Where? 22-24 Oct 2026, Berlin Deadline for abstracts? 14 June (Correct date) We look forward to your abstract. More information: www.imk-boeckler.de/de/aktuelle-...
imk-boeckler.de
Shaping macroeconomics in times of global transformation: 30 years of FMM
Das Institut für Makroökonomie und Konjunkturforschung (IMK) hat es sich zum Ziel gesetzt, der gesamtwirtschaftlichen Perspektive in der ökonomischen Forschung und in der wirtschaftspolitischen Diskus...
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Post-Keynesian Economics Society @pkes.bsky.social · 27/04/2026
📢 2026 𝐏𝐊𝐄𝐒 Annual Workshop 📍King's College London, King’s Building, Room 204 📅19 May 13:30 to 18:30 (BST) Speakers include @devikadutt.bsky.social, @ggouzoulis.bsky.social, Katie Kedward, Olga Mikheeva, @thomasrab.bsky.social and Hamisu Salihu. 𝐅𝐮𝐥𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬: www.postkeynesian.net/event/2026-0...
postkeynesian.net
2026 Annual workshop | PKES
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Karsten Kohler @karstenkohler.bsky.social · 07/04/2026
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...
jobs.leeds.ac.uk
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...
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Karsten Kohler @karstenkohler.bsky.social · 03/04/2026
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-...
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Karsten Kohler @karstenkohler.bsky.social · 03/04/2026
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-...
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Post-Keynesian Economics Society @pkes.bsky.social · 28/03/2026
📣 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...
postkeynesian.net
2026 Summer School - Introduction to Post Keynesian Economics and Political Economy | PKES
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Together Alliance @togetheralliance.bsky.social · 28/03/2026
Half a million strong. Together. The biggest march against the far-right in British history.
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Karsten Kohler @karstenkohler.bsky.social · 21/03/2026
Next Saturday! 👇
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University and College Union (UCU) @ucu.org.uk · 12/03/2026
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
March together !
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Zack Polanski @zackpolanski.bsky.social · 07/03/2026
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.
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University and College Union (UCU) @ucu.org.uk · 21/01/2026
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 👇
Palestine action
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Karsten Kohler @karstenkohler.bsky.social · 12/01/2026
In case you're teaching the Solow model this semester, check this out 👇
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Karsten Kohler @karstenkohler.bsky.social · 11/12/2025
New section on the DIY Macroeconomic Model Simulation Website: The Solow Growth Model macrosimulation.org/a_solow_model (1/5)
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Karsten Kohler @karstenkohler.bsky.social · 11/12/2025
New section on the DIY Macroeconomic Model Simulation Website: The Solow Growth Model macrosimulation.org/a_solow_model (1/5)
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Alasdair Mackenzie @alasdairmackenzie.bsky.social · 15/11/2025
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.
independent.co.uk
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.
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JW Mason @jwmason.bsky.social · 14/11/2025
Interestingly, this is not true. Nice example of one of the central analytic pitfalls in this area, confusing net flows with gross ones.
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Karsten Kohler @karstenkohler.bsky.social · 18/09/2025
ICYMI 👇
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Karsten Kohler @karstenkohler.bsky.social · 11/09/2025
New section on the DIY Macroeconomic Model Simulation Website: A Stock-Flow Consistent Model of the Monetary Circuit. https//macrosimula... (1/5)
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Karsten Kohler @karstenkohler.bsky.social · 15/09/2025
ICYMI 👇
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Jonathan Portes @jdportes.bsky.social · 14/09/2025
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]
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Karsten Kohler @karstenkohler.bsky.social · 11/09/2025
New section on the DIY Macroeconomic Model Simulation Website: A Stock-Flow Consistent Model of the Monetary Circuit. https//macrosimula... (1/5)
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Karsten Kohler @karstenkohler.bsky.social · 29/07/2025
New working paper with @jomichell.bsky.social and Ayoze Alfageme: "An analytical heterogeneous agent macro model of concentration, markups, and falling labour shares" papers.ssrn.com/sol3/papers.... (1/7)
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Simon Wren-Lewis @sjwrenlewis.bsky.social · 26/08/2025
New post: Reform and the UK press mainlymacro.blogspot.com/2025/08/refo... We have reached the point where a majority of the print media are in effect encouraging civil unrest and racial hatred, yet thanks to political short termism this press remains essentially unaccountable for their behaviour
mainlymacro.blogspot.com
Reform and the UK press
It was entirely predictable that immigration/asylum would become the issue voters thought was the most important facing the country. Many p...
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Prof Katherine Schofield 🇬🇧🇦🇺🇪🇺 @katherineschof8.bsky.social · 29/07/2025
UK academics - please sign this open letter to the UK government: Request for biometric deferral and safe evacuation of incoming Palestinian students and scholars from Gaza to UK Universities docs.google.com/forms/d/e/1F...
docs.google.com
Open letter from UK university staff: Request for biometric deferral and safe evacuation of incoming Palestinian students and scholars from Gaza to UK Universities
More than 40 students currently trapped in Gaza with full scholarships to UK Universities are asking for a safe route to come and study. We, the academic community hoping to welcome these scholars, ca...
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Karsten Kohler @karstenkohler.bsky.social · 29/07/2025
New working paper with @jomichell.bsky.social and Ayoze Alfageme: "An analytical heterogeneous agent macro model of concentration, markups, and falling labour shares" papers.ssrn.com/sol3/papers.... (1/7)
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Karsten Kohler @karstenkohler.bsky.social · 23/07/2025
New working paper with Engelbert Stockhammer and Ben Tippet: "What goes up, must come down. Speculation-encouraging institutions and house price cycles across countries". (1/6) postkeynesian.net/media/workin...
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Christine Binzel @christinebinzel.bsky.social · 07/07/2025
🧵Letter from academics to the German government: As academics, researchers, and university teachers from a wide range of disciplines, we appeal to you with the utmost resolve:
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Karsten Kohler @karstenkohler.bsky.social · 25/06/2025
New section on the DIY Macroeconomic Model Simulation Website: An Evolutionary Game Theoretic Model of the Emergence of Property Rights. macrosimulation.org/an_evolution... (1/6)
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Jonathan Portes @jdportes.bsky.social · 20/05/2025
My colleague @mgerver.bsky.social has created this open letter to Keir Starmer opposing the measures announced in last week's Immigration White Paper, on economic, political and moral grounds. Open to all academics/researchers to sign. molliegerver.weebly.com/petition.html
molliegerver.weebly.com
Petition
An Open Letter to Keir Starmer We, the undersigned, strongly advise against the proposed changes to the UK immigration system of May 12, 2025, and your associated rhetoric. We are UK-based academics.....
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Simon Wren-Lewis @sjwrenlewis.bsky.social · 14/05/2025
Y'days post: Starmer’s Disgraceful and Damaging Remarks mainlymacro.blogspot.com/2025/05/star... As with austerity in the 2010s, if none of the main parties can be honest about immigration then the public debate will be equally dishonest.
mainlymacro.blogspot.com
Starmer’s Disgraceful and Damaging Remarks
I’m on holiday, and wasn’t going to write a blog post this week. But after a splendid day out on the Northumbrian coast I made the mistake...
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LUBS Economics Department @lubsecondept.bsky.social · 28/04/2025
At the University of Leeds, studying Economics empowers you to tackle global challenges, drive change, and build a better future. Your journey starts here. 🌟📚 #LeedsUni #Economics youtu.be/0XU8J0pSaog
youtu.be
Welcome to the Economics Department at Leeds University Business School
YouTube video by Leeds University Business School
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Annina Kaltenbrunner @anninak.bsky.social · 25/04/2025
1/2: The launch event of the final report of our project ‘Enhancing MDB Capacity through Local Currency Financing’ is taking place this Monday, 28 April, 1-2pm. The report explores the potential for local currency financing by multilateral development banks. You can register here: 🔗 lnkd.in/dZ7gm7nf
lnkd.in
LinkedIn
This link will take you to a page that’s not on LinkedIn
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Tom Bauermann @bauermann-tom.bsky.social · 16/04/2025
📢 Reminder: Call for Papers 📅 Join discussions and present your work the #29FMM Conference "Gendering Macroeconomics" (23-25 Oct. 2025 Berlin) We really look forward to receiving your abstract. Deadline for proposals: 31 May More information: www.imk-boeckler.de/de/aktuelle-... We invite ... (1/3)
imk-boeckler.de
Gendering Macroeconomics
Das Institut für Makroökonomie und Konjunkturforschung (IMK) hat es sich zum Ziel gesetzt, der gesamtwirtschaftlichen Perspektive in der ökonomischen Forschung und in der wirtschaftspolitischen Diskus...
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SOAS Economics @soaseconomics.bsky.social · 01/04/2025
📢 WE ARE HIRING !!! 📢 The Department of Economics of @soasuni.bsky.social is recruiting a Lecturer, Senior Lecturer, Reader in #Economics Join our prestigious academic community! Info 🔗 vacancies.soas.ac.uk/job/684866
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Karina Patrício @kpatricio.bsky.social · 31/03/2025
1/ After 18 months of work—and with some delay in the public launch—we are pleased to share the Final Report of our project Enhancing MDBs’ Capacity through Local Currency Financing, supported by the MDB Challenge Fund. 🧵
Report cover
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Christine Binzel @christinebinzel.bsky.social · 22/03/2025
Ein Text von @michaelbarenboim.bsky.social, @hannakienzler.bsky.social und mir. Wir argumentieren, dass die verstärkte Übernahme rechter Politik durch die Parteien der sogenannten Mitte eng mit Deutschlands Unterstützung von Israels Völkerrechtsverbrechen zusammenhängt. taz.de/Tod-und-Terr...
taz.de
Tod und Terror im Nahen Osten: Schweigen ist nicht neutral
Die Bundesrepublik unterstützt den Staat Israel im Gazakrieg. Dabei missachtet sie internationales Völkerrecht und unterdrückt Kritik.
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Post-Keynesian Economics Society @pkes.bsky.social · 13/03/2025
The 2025 PKES Summer School in Post-Keynesian Economics and Political Economy is open for registration! June 22–June 25, University of Greenwich. Places are available both with and without accommodation, starting at £40. postkeynesian.net/event/2025-p...
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LUBS Economics Department @lubsecondept.bsky.social · 13/03/2025
📣📣📣Join us Wednesday 19 March for our (in-person) Economics Research Seminar Series. Danilo Spinola from Birmingham City University, will lead the discussion on ”Chinese Manufacturing Import Penetration and Firm Performance: Evidence from Belt and Road Initiative Countries”
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Giorgos Galanis @ggalanis.bsky.social · 12/03/2025
28th Annual Workshop on Economics with Heterogeneous Interacting Agents call for papers extension until 23/3! www.qmul.ac.uk/sbm/research...
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Karsten Kohler @karstenkohler.bsky.social · 04/03/2025
Our department is hiring up to two lecturers in economics. We're a pluralistic economics department with specialisms in Labour, Wellbeing and Behavioural Economics; Macro-Finance; Development, Trade and the Environment. www.jobs.ac.uk/job/DMC670/l...
jobs.ac.uk
Lecturer in Economics at University of Leeds
Explore an exciting academic career as a Lecturer in Economics. Don't miss out on other academic jobs. Click to apply and explore more opportunities.
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Christina Wolf @christina-wolf.bsky.social · 25/02/2025
📢The 2025 PKES-YSI PhD Conference will be hosted at the University of Hertfordshire! If you are PhD student in pluralist economics, apply by Fri 7 March, to receive feedback on your work from a senior academic + connect with like-minded researchers. More info: ysi.ineteconomics.org/event/16th-p...
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Linus Westheuser @lwestheuser.bsky.social · 20/02/2025
Sozialdemokrat:innen und Grüne, deren Herz links schlägt, sollten dieses Mal die Linke wählen. Innerhalb ihrer Parteien stärken sie so Positionen, die über die vorauseilende Anbiederung an die CDU hinausgehen. Und der AfD schadet eine Stimme am effektivsten, wenn sie der Linken über die 5% hilft.
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Zoe Gardner @zoejardiniere.bsky.social · 17/02/2025
"Anti-migrant politics will not build a single house, staff a single hospital or raise anyone’s wages. Instead, by echoing its rhetoric, the government is simply fuelling the rise of Reform UK" Well done to these Labour MPs, trade unionists, and members. www.theguardian.com/politics/202...
theguardian.com
More than 900 Labour figures decry party’s migration and asylum policy
Joint statement accuses government of copying Tories’ ‘performative cruelty’
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Giorgos Galanis @ggalanis.bsky.social · 30/01/2025
CfP: 28th Workshop in Economics with Heterogeneous Interacting Agents @qmul.ac.uk with a great lineup of invited speakers: Antonio Cabrales, @maxkasy.bsky.social, Lllia Maliar, Friederike Mengel, Peter Skott, @mtsvetkova.bsky.social and Arzu Uluc. www.qmul.ac.uk/sbm/research...
qmul.ac.uk
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