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 …

Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission …

Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis Abstract Inside debt is a fundamental feature of … capitalist economies. This paper examines the growth effects of consumer and corporate debt using a Cambridge - Kaleckian growth … framework. According to the Cambridge - Kaleckian model inside debt has an ambiguous effect on growth. This is counter to the …

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …, the first micro-based estimate of the effect of shocks on growth. About two-thirds of the impact of risk is due to the ex …