In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model … the equilibrium debt-capital-ratio are also analysed. It is shown, that the effects of interest variations on the … interest rate and the debt-capital-ratio. If the conditions for short-run "normal" effects of interest rate variations are …

straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt … is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and … that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it …

Developing countries with considerable mineral reserves might be expected to have fewer problems with debt …