Meirelles, Antonio J.A.; Lima, Gilberto Tadeu - In: Journal of Post Keynesian Economics 29 (2006) 1, pp. 93-115
A Post Keynesian macromodel of capacity utilization and economic growth is developed in which the supply of credit-money by the banking system is endogenous, and firms' financial fragility is explicitly modeled. Both the influence of interest rate and indebtedness on capacity utilization and the...