We develop a neo-Kaleckian growth model that emphasizes the importance of consumption behavior. In our model, workers … debt accumulation and income distribution have effects on aggregate demand, profitability, and economic growth that differ … growth regimes within our framework. It is shown that distributional changes between the Golden Age and the Neoliberal …

performance. A standard Kaleckian growth model is modified to incorporate working households who borrow to finance consumption … this behavior on the sustainability of the growth process is then studied by means of a numerical analysis that captures …

performance. A standard Kaleckian growth model is modidied to incorporate working households who borrow to finance consumption … this behavior on the sustainability of the growth process is then studied by means of a numerical analysis that captures …

interest rates moved countercyclically to ensure strong growth and low employment. The parking-it approach, however, favors …

A Kaleckian growth model is modified to incorporate working households who borrow to finance some part of their … consumption spending. The impact of this behavior on the sustainability of the growth process is then studied by means of a …