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, investment decisions in Italy are negatively affected by demand volatility, while interest rate volatility seems to play no …
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, investment decisions in Italy are negatively affected by demand volatility, while interest rate volatility seems to play no …
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This paper develops a neo-Kaleckian endogenous growth model that incorporates aggregate supply - demand balance and balance between labor force and employment growth. The paper explicitly models income distribution which is a critical channel whereby unemployment affects investment and growth....
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