Structuralist and post-Keynesian models differ in their assumptions about firms' investment behavior and pricing … these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the … variables are consistent with the Kaldorian model. The Kaleckian investment function and the Robinsonian pricing behavior find …

This paper considers a puzzle in growth theory from a Keynesian perspective. If neither wage and price adjustment nor … full employment. We resolve this puzzle by invoking Harrod's instability results. Demand grows because it follows an … explosive upward path that is ultimately limited by resource constraints. Downward demand instability is contained by …

The paper combines Baumol's model of structural change with a model of aggregate demand growth in the Keynesian …

This article proposes Minsky's financial instability hypothesis (FIH) as a theoretical underpinning for a three … medium growth regimes suggest, for example, that after the financial liberalisation programme was fully launched, in the late … 1980s, the economy shifted from the regime of medium to high growth (and vice versa) swiftly, reflecting its dependence on …

growth has a higher variance and substantially different covariance with GDP growth; the change in the Beveridge–Nelson trend …