Marques Ribeiro, Rafael Saulo; Palludeto, Alex Wilhans … - In: EconomiA 17 (2016) 3, pp. 279-290
This paper develops a neo-Kaleckian dynamical model that investigates how an increased financial instability affects the investment rate and the wage share of income in the long run. It is shown that a rising benchmark interest rate affects negatively the capital accumulation and the wage share...