Showing 1 - 10 of 8,883
The main task of this work is to develope a model able to encompass, at the same time, Keynesian, demand-driven, and Marxian, profit-driven determinants of fluctuations. Our starting point is the Goodwin's model (1967), rephrased in discrete time and extended by means of a coupled dynamics...
Persistent link: https://www.econbiz.de/10010202757
The paper combines Baumol's model of structural change with a model of aggregate demand growth in the Keynesian …
Persistent link: https://www.econbiz.de/10010197410
the relation of debt ratios, demand, and growth, focusing on the conditions for the paradox of debt to arise in each model …
Persistent link: https://www.econbiz.de/10013250303
countries, we show that the rate of growth of autonomous demand (exports, public spending and housing investment) is positively … military spending. A permanent 1% increase in autonomous demand growth raises the investment share by 1.5 to 1.9 percentage …-Marxian growth models. A positive influence of autonomous demand on the investment share is instead compatible with demand-led models …
Persistent link: https://www.econbiz.de/10011947001
-financed consumption pattern of economic growth generates an internal dynamic that leads to financial instability. …This paper discusses the financial sustainability of demand-led growth models. We assume a supermultiplier growth model … in which household consumption is the autonomous component of demand that drives growth and discuss the financial …
Persistent link: https://www.econbiz.de/10014230824
Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission …
Persistent link: https://www.econbiz.de/10003836933
, growth, instability and crises. We take a macroeconomic perspective and examine four channels of transmission of …
Persistent link: https://www.econbiz.de/10010242861
Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … condition requiring the growth of employment equal effective labor supply growth. Consequently, the models can have an imploding … paper applies the concept to several different PK growth models. In the Harrod, super-multiplier, Cambridge, and neo …
Persistent link: https://www.econbiz.de/10011926923
This paper links the super-multiplier to Keynesian macroeconomics, showing it to be the most Keynesian of growth … accumulation. Firms' decisions regarding capital accumulation coordinate demand and supply growth in goods markets. The paper then … explores the implications of incorporating the super-multiplier in the Neo-Kaleckian and Cambridge growth models. Lastly, it …
Persistent link: https://www.econbiz.de/10011927111
This paper presents a three class growth model with labor market conflict. The classes are workers, a middle management … with both capitalists and workers. Changes that benefit the middle class do not necessarily increase growth or employment …
Persistent link: https://www.econbiz.de/10010240799