This paper studies the evolution and sustainability of public debt in Canada thanks to the accounting methodology put forward by Pasinetti (1998). We show to what extent the austerity policies, which have been applied in the first half of the 1990s by the Canadian government, led to believe to...

The starting point of this article is that China’s post-socialist transformation has involved a change in its growth regime. Indeed, during the Maoist era, it took the form of a “forced growth” as theorized by Kornai (1972). In addition, “export aversion” was one of the main...

This article presents a Neo-Kaleckian model with debt in which complete saving behaviours are taken into account. First, we analyse the short-run equilibrium values and the comparative static of the model in a standard way. Then, we examine the long-run results when the debt ratio is endogenous...

This article is an attempt to show that China's post-socialist transformation involved a change in its growth regime. Indeed, during the Maoist era, it took the form of a "forced growth" as theorized by Kornai (1972). In addition, "export aversion" was one of the main characteristics of Chinese...

In this article, we develop a standard short-run Kaleckian macromodel. First, we study the stability of equilibrium and make some comparative static exercises. Then, we take into account different specifications for an endogenous propensity to invest and systematically analyze the short-run...

This paper presents the current “state of the art” of Post-Keynesian modelling, as well as the most important issues raised by it. We first present a new formal statement of the Keynes' model, highlighting the importance of the “static model of a dynamic process”, and insisting on the...