We hope to model financial fragility and money in a way that captures much of what is crucial in Hyman Minsky …

In Kaleckian models of distribution and growth the equilibrium rate of capacity utilisation may persistently diverge …-run endogeneity. Generally, we show that in a Kaleckian monetary distribution and growth model, which takes the major features of a …

We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …

Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to … postwar US data. Here, investment along with consumption are exchanged for within a monetary endogenous growth economy with …

In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model … growth with respect to the specification of the investment function. …

results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation-growth effect …The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … find a strong, robust, negative effect on growth, and one that declines in magnitude as the inflation rate increases. These …

growth (i.e., aid is more effective in countries that are more vulnerable to external shocks). Recently an important debate … involve some volatility in aid flows, which then is not necessarily negative for growth. In this paper we examine to what … consider the effect of aid on income volatility and again find that aid is making growth more stable, while its volatility …

Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation …. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …

increases, as seen for OECD countries. And the results include a role for a normalized money demand in affecting growth, as well … equation model is examined by expanding this into a three equation simultaneous system of output growth, inflation and money …The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 …