Sraffian supermultiplier models, as well as Kaleckian distribution and growth models that make use of non-capacity creating autonomous demand growth to cope with Harrodian instability, have paid little attention to the financial side of autonomous demand growth as the driver of the system....

We discuss the effects of rising shareholder power on distribution and capital accumulation in a Kaleckian model. In the short run, increasing shareholder power may have either positive ('finance-led'), negative ('normal') or 'intermediate' ('profits without investment') effects on capacity...

In the present paper we extend Lavoie's (Metroeconomica, 1995, vol. 46, pp. 146-177) 'Minsky-Steindl' model, building our analysis on a Kaleckian distribution and growth model which has already taken into account distribution effects of interest rate variations on the short-run equilibrium. Into...

The first part of the paper deals with the effects of an exogenous variation in the monetary interest rate on the real equilibrium position of the economic system in a Kaleckian effective demand model. Different regimes of accumulation are derived and it is shown that a negative relation between...