Debt and Profit Rate: A Heterodox Model of Financial Instability
<em>Debt and Profit Rate: A Heterodox Model of Financial Instability</em> ABSTRACT: The purpose of this paper is to extend the Minskyan tradition of financial instability to the scope of a Cambridgian model with a quasi-complete saving function. First, we show that an important part of Minskyan contributions suffer from the lack of attention towards a complete analysis of agents’ saving behaviours. Second, we propose a dynamic model which takes these remarks into account and introduces explicitly the demand of investment goods, trying thus to generalize some more recent heterodox contributions.
Year of publication: |
2006
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Authors: | Charles, Sébastien |
Published in: |
STUDI ECONOMICI. - FrancoAngeli Editore, ISSN 0039-2928. - Vol. 2006/90.2006, 90, 1, p. 5-19
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Publisher: |
FrancoAngeli Editore |
Saved in:
Online Resource
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